UCO Bank opens special rupee account with Russia's Gazprombank - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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UCO Bank opens special rupee account with Russia's Gazprombank

Earlier, the Reserve Bank of India (RBI) came out with a bespoke special rupee account for bilateral trades between rupee and any other currencies besides the US dollar. Gazprombank is only facing sectoral sanctions, but is not under the Specially Designated Nationals, or SDN, sanctions.

from Industry-Economic Times
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