International Trade Settlement in Indian Rupees (INR) – Opening of additional Current Account for settlement of trade transactions

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..... for settlement of trade transactions Attention of Authorised Dealer Category I (AD Category I) banks is invited to FED Circular No. 08 dated November 17, 2023, in terms of which, AD Category-I banks maintaining Special Rupee Vostro Account vide A.P. (DIR Series) Circular No.10 dated July 11, 2022 on International Trade Settlement in Indian Rupees (INR) were permitted to open an additional special .....

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