Thursday, October 20, 2022

UCO Bank opens special rupee account with Russia's Gazprombank

Earlier, the Reserve Bank of India (RBI) came out with a bespoke special rupee account for bilateral trades between rupee and any other currencies besides the US dollar. Gazprombank is only facing sectoral sanctions, but is not under the Specially Designated Nationals, or SDN, sanctions.

from Banking/Finance-Industry-Economic Times https://ift.tt/OhP9KZR

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