SRVA or Special Rupee vostro account is a new trade mechanism announced by India s central bank Reserve Bank of India (RBI) in July last year to settle cross-border trade in Indian rupee
Commerce Secretary Sunil Barthwal said India is ready to trade in Indan Rupee with countries which are facing currency failure or have dollar shortage.
Head of the department for external economic and international relations of Moscow, Sergey Cheryomin said banks of both Russia and India should be “more active” in establishing a relationship with each other