RBI allows 20 banks to open Vostro accounts from 22 countries to boost trade in rupee
Also, an MoU has been signed between RBI and Central Bank of UAE to enable exporters and importers to invoice and pay in domestic currencies
Also, an MoU has been signed between RBI and Central Bank of UAE to enable exporters and importers to invoice and pay in domestic currencies
The suggestion came during the National Council Meeting of SJM held in Pune during the 3rd and 4th of June.
The 'R' Club' led by rupee, renminbi, rouble, real, rand, riyal, rupiah & ringgit is posing serious threat to the greenback.