India's central bank said on Tuesday foreign investors may invest the surplus balance in their so-called "vostro" accounts ...

The Reserve Bank of India (RBI) has announced that persons resident outside India who hold special rupee vostro accounts for ...

In simple terms, foreign banks that hold rupees for trade can now invest those funds in Indian government bonds instead of ...

RBI removes prior approval requirement for banks to open Special Rupee Vostro Accounts (SRVAs), speeding up rupee-based trade ...

The Reserve Bank of India (RBI) has permitted persons resident outside India holding Special Rupee Vostro Accounts (SRVAs) to ...

RBI allows non-residents with SRVAs to invest in Central Government Securities, boosting market liquidity and investor base.

The Reserve Bank of India (RBI) on Tuesday said non-residents maintaining special rupee vostro accounts (SRVA) can invest ...

RBI removes prior approval requirement for banks opening Special Rupee Vostro Accounts to simplify cross-border rupee trade ...

The changes are in immediate effect and operational guidelines to AD Category-I banks issued by the RBI, release said.

The Reserve Bank of India (RBI) has taken a strategic step to internationalise the rupee by allowing foreign traders to open ...

RBI stated that Authorized Dealer (AD) banks are now permitted to open SRVAs of correspondent banks on their own initiative ...

The Reserve Bank of India (RBI) has streamlined the process for banks to facilitate cross-border trade transactions in Indian Rupees by removing the requirement of prior RBI approval for opening ...