Russian Bank Launches Rupee Accounts For Individuals

Russian bank Sberbank has launched Indian Rupee accounts for individuals to reduce Moscow's dependency on the U.S. dollar and euro.

Rupee accounts would be available from Wednesday, Russia's Sberbank said.

Russia's dominant lender on Wednesday said individuals could now open accounts in Indian rupees, expanding the range of foreign currencies available as Moscow strives to reduce dependency on the U.S. dollar and euro.

"As Sberbank has highlighted, the bank supports the trend of de-dol...

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