The Reserve Bank of India (RBI) is seeking government approval to eliminate the 30% cap on foreign banks using vostro accounts to purchase short-term sovereign debt. This move aims to boost rupee-denominated investments and trade by making SRVAs more attractive for managing short-term liquidity.
from Banking/Finance-Industry-Economic Times https://ift.tt/tdN2HD6
via IFTTT
No comments:
Post a Comment