Govt asks trade bodies, banks to explore more countries for trade in rupee ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 41
Having facilitated rupee trade with Russia, Mauritius and Sri Lanka, the government has asked trade bodies and banks to explore such opportunities with more nations, sources said. Indian banks have already opened special vostro rupee accounts (SVRA) with banks of these three nations, operationalising the rupee trade arrangement. Recently, SBI Mauritius Ltd and People's Bank of Sri Lanka opened an SVRA with State Bank of India (SBI). In addition, Bank of Ceylon opened an account in its Indian subsidiary in Chennai. Union Bank of India has opened special rupee account of Ros Bank Russia while Chennai-based Indian Bank has opened such accounts of three Sri Lankan banks, including Colombo-based

Hence then, the article about govt asks trade bodies banks to explore more countries for trade in rupee was published today ( ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Govt asks trade bodies, banks to explore more countries for trade in rupee )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy
AI and Future of Work Experts Dave Coplin and Felix Schmidt to Keynote at Info-Tech LIVE 2026 in Las Vegas
PR Newswire - before 6 hours & 22 minute
Industry Disrupter MyVirtualFleet Does It Again -- Launches TrackLink™, Free Broker Tracking That Saves $1,200-$5,000 a Month
PR Newswire - before 6 hours & 3 minute
"In Tune With AI" -- A New Global Index from 5WPR of the 50 Celebrities Most Aligned With the Artificial Intelligence Era
PR Newswire - before 5 hours & 31 minute
MindSpire Education officially launches in Saudi Arabia
ٍٍٍSaudi Gazette - before 10 hours & 10 minute
Stablecoins to drive "great rewiring" of wholesale banking as supply expands rapidly
PR Newswire - before 10 hours & 13 minute
New Study Identifies "Scaling Gap" as Primary Reason Businesses Stall After Early Growth
PR Newswire - before 11 hour & 25 minute
Navinci launches Omni kit - the next generation of spatial interactomics
PR Newswire - before 8 hours & 58 minute
World Bank estimates energy prices will surge 24 percent in 2026.
The New York Times - before 6 hours & 44 minute
What’s happening at the Federal Reserve today.
The New York Times - before 10 hours & 18 minute
UK Faces Recession Risk as Iran War Threatens Growth and Inflation
OILPRICE - before 7 hours & 20 minute
Curate Expands Into Detroit with Six New Restaurant Partnerships and Backing from Lions Wide Receiver, Amon-Ra St. Brown
PR Newswire - before 10 hours & 55 minute
Another Russian Oil Facility Struck As Zelensky Touts Drone Capabilities
OILPRICE - before 6 hours & 27 minute


Latest News

Cheaper for Britons to rent than buy after mortgage rates rise ‘sharply’

before 12 minute

California Refineries Max Out Jet Fuel While Gasoline Starves 

before 18 minute

Frost & Sullivan Institute Announces Visionary Leadership Best Practices Recognition and This Year's Honorees

before 27 minute

SPX Cooling Tech Unveils the Marley® OlympusMAX™ Fluid Cooler

before hour & 13 minute

Oil Rallies Toward $120 As Middle East Supply Risks Spiral

before hour & 19 minute

MiTAC Computing sa vracia na OCP EMEA 2026 s novými servermi OCP chladenými kvapalinou a integráciou softvéru

before hour & 59 minute

MiTAC Computing возвращается на OCP EMEA 2026 с новыми серверами OCP с жидкостным охлаждением и интеграцией программного обеспечения

before 2 hours & 13 minute

Fertilizer Prices Have Doubled Since the Strait Closed

before 2 hours & 20 minute

With AOV Technology, ieGeek Enables Wire-Free Security Cameras to Achieve 24/7 Smart Recording Without Hardwiring

before 2 hours & 42 minute

Turkey& 039;s unemployment rate falls to 8.1% in March

before 2 hours & 57 minute

VIAVI Announces Third Quarter Fiscal 2026 Results

before 3 hours & 12 minute

MATTHEWS INTERNATIONAL DECLARES QUARTERLY DIVIDEND

before 3 hours & 13 minute

Hormuz Blockage Boosts Panama Canal Oil Tanker Traffic

before 3 hours & 19 minute

Takeaways from Powell’s final news conference as Fed chair.

before 3 hours & 35 minute

UNCG Launches Minerva's Health Chariot to Expand Access to Care

before 3 hours & 44 minute