Search result for 'special rupee vostro account'

RBI permits non-residents to invest in corporate debt via Special Rupee Vostro Accounts. New rules, ECB changes & simplified regulations detailed.

Rupee recovers 15 paise to 88.65 against US dollar after RBI monetary policy. RBI keeps rates unchanged, signals easing.

RBI announces measures to promote the use of Indian Rupee for cross-border settlements and reduce dependence on the US dollar.

RBI permits non-residents with SRVAs to invest rupee surplus in government securities (G-secs), boosting rupee trade efforts.

RBI simplifies SRVA opening for banks, removing prior approval requirement. This will quicken cross-border trade transactions in Indian rupees.

FIEO seeks public disclosure of banks offering the rupee trade settlement system (SRVA) to boost its usage and address exporter concerns over limited awareness and high borrowing costs.

The Reserve Bank of India (RBI) has permitted 123 correspondent banks from 30 countries to open 156 Special Rupee Vostro Accounts (SRVAs) with 26 Indian banks to promote bilateral trade in local...

Reserve Bank of India (RBI) announces liberalised norms to encourage use of Indian Rupee and local currencies for cross-border transactions, aiming to boost trade and reduce reliance on US dollar.

India's External Affairs Minister Jaishankar calls for immediate action to address the widening trade gap with Russia, highlighting the need for non-tariff barrier removal and national currency...

India and Myanmar explore using their local currencies for trade, aiming to reduce transaction costs and promote bilateral economic ties. The move follows India's initiative to expand local...

The Reserve Bank of India (RBI) will permit the opening of rupee accounts outside India as part of its strategic action plan to internationalise the domestic currency.

Maldives will pay for imports from India and China in their respective local currencies, saving millions in USD costs. This move signifies a shift away from US dollar dominance in international trade.