RBI Allows Investment of Surplus Rupee Balances in Special Vostro Accounts into G-Secs and T-Bills
The Reserve Bank of India (RBI) has announced a significant policy change allowing foreign traders’ surplus rupee funds held in Special Rupee Vostro Accounts (SRVA) to be invested in Government Securities (G-Secs) and Treasury Bills (T-Bills). The decision aims to enhance the attractiveness of international trade settlement in Indian Rupees (INR) and provide partner countries … Read more