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      Question

      What is the key change introduced by the RBI in August 2025

      regarding Special Rupee Vostro Accounts (SRVAs)?
      A RBI approval is still mandatory before opening each SRVA Correct Answer Incorrect Answer
      B Only foreign banks can directly open SRVAs without RBI involvement Correct Answer Incorrect Answer
      C Authorised Dealer (AD) banks can now open SRVAs without seeking prior RBI approval Correct Answer Incorrect Answer
      D SRVAs can now only be opened for trade in petroleum products Correct Answer Incorrect Answer
      E RBI has restricted SRVAs to G20 member countries only Correct Answer Incorrect Answer

      Solution

      Explanation: Earlier, AD banks needed RBI’s prior approval for each SRVA, delaying rupee trade settlements. Under the revised procedure (Aug 2025), AD banks can directly open SRVAs of correspondent banks, making the system quicker and more attractive for international trade in INR.

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