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Sunday, Nov 24, 2002
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Citibank's forex currency account

Citibank has launched "Citibank International Account". Customers can hold any amount in the resident foreign currency account. The only caveat is that the foreign currency deposited in these accounts must be earned through channels specified by the RBI. The Citibank account is the second such product following the one launched by Standard Chartered. The RBI recently allowed Indians to hold foreign currency accounts of any amount.

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