Special Rupee Vostro Account: AD banks may open multiple accounts for different foreign banks from the same country.

Whether an AD bank in India may limit itself to a single Special Rupee Vostro Account for a foreign country. The operative rule permits AD banks to open multiple Special Rupee Vostro Accounts to facilitate settlement with different correspondent or respondent banks located in the same foreign country, within the FEMA framework for INR trade settlement.

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