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WATCH: Rupee to rescue countries facing foreign currency crunch; over 18 have opened vostro accounts

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 ....

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Dollar Trumped: Russia wants all cross-border trade with India settled in rupee, ruble

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 ....

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Rupee races to replace dollar: Egypt latest entrant to club of countries wanting to trade in INR

Egypt needs another six ship loads of rice, which could weigh over 1.5 lakh tonnes, it has sought to make the payment in INR ....

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