Category: Banking
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RBI’s Strategic Move: Special Vostro Rupee Accounts Boost India’s Global Trade #IndiaEconomy #VostroRupeeAccount
The Reserve Bank of India’s approval for banks from 22 countries to open Special Vostro Rupee Accounts marks a significant step towards reducing dependence on the US dollar, enhancing bilateral trade relations, and strengthening India’s global economic footprint. Discover how this strategic move could reshape international trade dynamics.
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Shadows in the Global Economy: Unraveling China’s Financial Crisis and the Looming Threats in the US
Explore the deepening financial crisis in China as banks grapple with anticipated loan losses, resorting to drastic measures to secure loan loss reserves. Meanwhile, a silent accumulation of hidden debt in the US leveraged finance market raises concerns among investors and prompts regulatory scrutiny. Delve into the interconnected dynamics of shadow banking, its impact on…
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