India and Russia eye dynamic rupee-rouble rate, vostro balance to bypass dollar trade barriers

August 13, 2024

The Reserve Bank of India (RBI) recently took feedback from banks and financial institutions dealing with Russian funds registered in India. Some Russian financial institutions earlier sounded out RBI on a mechanism to let them use rupees lying in special accounts in India, for investment in stocks and securities here.

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ICICI Prudential Life Q1 Results: Profit jumps 34% YoY as premiums rise, costs fall

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