How many nations' banks were permitted to transact in rupees by the Reserve Bank of India as of 2023?.
18.
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Banks from 18 different nations are now able to open Special Vostro Rupee Accounts (SVRAs) with the Reserve Bank of India (RBI) in order to settle payments in rupees. There have been 60 of these approvals from the RBI. Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda, and the United Kingdom are among the 18 countries on this list.
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