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<h1>Special Rupee Vostro Account: existing Rupee Vostro accounts cannot be repurposed for the new rupee settlement mechanism.</h1> Special Rupee Vostro Accounts for the new rupee settlement mechanism cannot be formed by reusing existing Rupee Vostro Accounts of banks from trading partner countries; existing Vostro arrangements are categorically excluded under the FEMA guidance on international trade settlement in rupees.