RBI Vostro Account For Trade In Rupees : The Reserve Bank of India has allowed two big banks of the country, HDFC Bank and Canara Bank, to trade in rupees with Russia (Special Vostro Account For In Russia) by opening a special Vostro Account. Rupees) is approved to. Also, India is going to benefit a lot from this decision. This is Vostro Account Explain that Vostro Accounts are such accounts, which are opened in one bank for transactions on behalf of another, often foreign, bank. It is an important part…
Read MoreHDFC Bank Canara Bank Get RBI Nod For Rupee Trade With Russia
