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RBI seeks lifting cap on ‘vostro’ accounts investments to push rupee-denominated trade, sources say

RBI, in 2022, allowed overseas banks to open Special Rupee Vostro Accounts (SRVAs) to settle trade transactions in the rupee as part of its efforts to boost the currency’s “internationalisation” | Photo Credit: FRANCIS MASCARENHAS The Reserve Bank of India (RBI) has sought the government’s approval to remove the cap on foreign banks with so-called...
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The Report covers a milestone year for the STDF. In addition to celebrating its 20th anniversary in 2024, this year’s report highlights key achievements, including progress in strengthening SPS capacity in developing countries as well as mainstreaming gender and environmental issues. The report also includes an external evaluation of the STDF’s performance. Key results In...

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