APSC Mains Enrichment Notes
Economy
The RBI has eased rules for Special Rupee Vostro Accounts (SRVAs) by allowing surplus balances of non-residents to be invested in government securities and removing prior approval for banks to open SRVAs.
SRVAs, introduced in 2022, enable foreign entities to settle trade in Indian Rupees, reducing dependence on the dollar. The new measures deepen rupee trade, enhance liquidity, and strengthen India’s push for the rupee’s internationalisation
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