Explained | Vostro accounts and how they facilitate trade

Explained | Vostro accounts and how they facilitate trade

Only for representative purposes | Photo Credit: Getty Images The story so far: Last week, government officials informed that 20 Russian banks, including Rosbank, Tinkoff Bank, Centro Credit Bank and Credit Bank of Moscow have opened Special Rupee Vostro Accounts (SRVA) with partner banks in India. All major domestic banks have listed their nodal officers […]

Continue Reading
Study Abroad: Want to pursue higher studies at a foreign university? Plan early to beat rupee depreciation, says expert

Study Abroad: Want to pursue higher studies at a foreign university? Plan early to beat rupee depreciation, says expert

With the fall of the rupee, Indian students may have to plan better, pick up extra loans or maybe even give up their dream of studying abroad. However, Nasser Salim, managing partner at investment services firm Flexi Capital, believes that if parents plan early and in the right way, sending their children abroad for higher […]

Continue Reading
Rupee fall to hit Indian students abroad more than those who are yet to leave, say experts

Rupee fall to hit Indian students abroad more than those who are yet to leave, say experts

Impact of Falling Rupee: With the fall of the rupee, Indian students studying abroad, especially in the US, may have to pick up extra loans and finances to ensure they are comfortable, according to experts. As the rupee’s value is depreciating, the tuition fee for Indian students abroad is on the rise, they added. “In […]

Continue Reading