Special Rupee Vostro Account: foreign banks may hold multiple accounts with different AD banks for INR trade settlement. Affirmative confirmation that a foreign correspondent bank may open and maintain multiple Special Rupee Vostro Accounts with different Authorized Dealer banks to facilitate Indian rupee international trade settlement, as part of the operational framework for INR-denominated trade receipts and payments.
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Provisions expressly mentioned in the judgment/order text.
Special Rupee Vostro Account: foreign banks may hold multiple accounts with different AD banks for INR trade settlement.
Affirmative confirmation that a foreign correspondent bank may open and maintain multiple Special Rupee Vostro Accounts with different Authorized Dealer banks to facilitate Indian rupee international trade settlement, as part of the operational framework for INR-denominated trade receipts and payments.
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