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INDIA BANKS CAN PAY INTEREST ON EURO A/C FOR ASIA CLEARING UNION.

Publication: AsiaPulse News
Publication Date: 08-MAY-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MUMBAI, May 8 Asia Pulse - The Reserve Bank of India has allowed banks to pay interest to accounts held in euro denominations to settle international payments of India, Pakistan, Iran, Bangladesh, Myanmar, Nepal and Sri Lanka.

"It has been decided to allow banks operating in India to pay...

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