International trade in rupee soon; several countries opening Vostro accounts with Indian banks: Piyush Goyal

Rajkot: Commerce and industry minister Piyush Goyal on Saturday said that international trade transactions will soon start in rupee currency as several banks from different countries are opening special Vostro accounts with Indian banks. The Reserve Bank of India (RBI) has approved 60 requests to open Special Rupee Vostro Accounts of correspondent banks from 18 countries including the UK, Singapore, and New Zealand.

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