Loro Account is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency. In other word Loro Account is a Nostro Account for one bank who opened the bank and Loro Account for other bank who refers first one account.
For Example: SBI opened Current Account with Swiss bank. If Yes Bank refers that account of SBI for its correspondence, then it is called Loro Account for Yes Bank and it is Nostro Account for SBI.