Current Affairs · Banking Regulations
Which of the following statements regarding the Master Direction on Deposits and Accounts issued by the RBI is correct? 1. The regulation mandates foreign currency accounts to be held in accordance with FEMA 1999 regulations. 2. Vostro accounts of non-resident banks are completely exempt from RBI regulation. 3. Special Rupee Vostro accounts can be opened by foreign banks to facilitate trade in Indian Rupees. Select the correct option:
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