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 : Indian rupee
“We say that rupee is Asia’s worst-performing emerging market currency as foreign funds scammed from India’s stock market”, reported by Bloomberg. The global finds had extracted capital worth $ 4.2 billion from the nation’s stock...