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Nw : Converse Bank of India to launch overseas rupee trade with smaller nations

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Transfer to steer trip of West sanctions on Russia deals

Topics
sbi | Rupee | RBI

Shreya Nandi  |  Fresh Delhi 



Rupee trade

As a long way as rupee trade with smaller nations is anxious, the RBI has allowed opening of six particular vostro accounts with three Indian lenders — SBI, Bank of Ceylon and Indian Bank

Converse Bank India (SBI) will birth overseas trade in rupee with smaller worldwide locations love Mauritius and Sri Lanka to steer trip of any transactions with Russia which carries the chance of sanctions by the West.

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First Published: Solar, December 11 2022. 23: 54 IST



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