• India's central bank approves 12 'vostro' accounts for rupee trade

    4 days ago - By Up Worthy

    NEW DELHI - India's central bank has given approval to banks to open 12 special "vostro accounts" for trade in rupees with trading partners, its Executive Director Deepak Kumar said on Friday. Vostro accounts are held by a bank on behalf of another, often foreign bank, and are a key part... directordeepak deepakkumar delhi director deepak kumar vostro special hungaryforeign alunjohn
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