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About Vostro and Nostro Accounts The Reserve Bank of India (RBI) has approved the opening of nine Special Vostro Accounts with two Indian banks, UCO and IndusInd Bank, to facilitate rupee trade overseas. Regarding the Vostro account It is an account held by a domestic bank for a foreign bank in the domestic bank's currency, which in India is the rupee. Payments in rupee for the export and import of goods will be made to these Vostro accounts in the case of trade with Russia. Th
21 November, 2022 
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