From Russia with love but can money cross street to play equity?

The Reserve Bank of India’s recent notification aimed at promoting the use of the Indian rupee for international transactions has raised questions about the ability of Russian banks to invest in Indian stocks using funds from special Vostro accounts. Legal experts believe such transactions may be possible, but custodians await RBI’s clarification. The Reserve Bank of India’s recent notification aimed at promoting the use of the Indian rupee for international transactions has raised questions about the ability of Russian banks to invest in Indian stocks using funds from special Vostro accounts. Legal experts believe such transactions may be possible, but custodians await RBI’s clarification.  Economic Times