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cross-border payments: From Russian funds with love: Plan mooted to tap rupee balance in special accounts

Russian financial institutions have been negotiating with the Reserve Bank of India (RBI) to use the rupees in special accounts in India for investment in stocks and securities. Currently, 10 Russian institutions, including its largest lender, have registered as foreign portfolio investors (FPIs) with Sebi. However, they have made little investments due to US sanctions in the wake of Russia s war with Ukraine. ....

Siddharth Shah , Khaitan Co , Can Russian , Reserve Bank , Cross Border Payments , Russian Funds , Rupee Balance , Trade Balance Pool , Reserve Bank Of India , Us Sanctions , Vostro Accounts , Indian Exchanges ,