July 27, 2024 10:25 (IST)
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RBI allows banks to open 12 'vostro accounts' to facilitate rupee acceptance in international trade

RBI allows banks to open 12 'vostro accounts' to facilitate rupee acceptance in international trade

New Delhi: In a move to facilitate import-export trade in the rupee, the Reserve Bank of India (RBI) permitted banks to open “vostro accounts”.