Last year when the Reserve Bank of India(RBI) disclosed guidelines on cross-border trade transactions in the INR, the procedure of opening a Special Rupee Vostro Account (SRVA) started. SRVA is an account which domestic banks...
Tag : dollar
On Monday the rupee fell by 84 paise and closed at its lifetime low of 77 rupees against the US dollar. Previously on Friday, the value dropped by 23 paise closing at 76.17, marking the...