Govt holds meeting with top 6 private banks CEOs to promote cross-border trade in rupee
- About 9 special vostro accounts have been opened with two Indian banks to facilitate overseas trade in rupee, following detailed guidelines from the RBI on cross-border trade transactions in domestic currency in July.
The finance ministry on 5 December had a comprehensive review meeting with CEOs of banks including top six private sector lenders and discussed ways to promote cross-border trade in rupee, reported news agency PTI.
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