Question
Under the RBI’s October 03, 2025 guidelines on
International Trade Settlement in INR, surplus balances in Special Rupee Vostro Accounts may additionally be invested in which of the following instruments?Solution
The 2025 circular extends the permitted use of surplus balances in Special Rupee Vostro Accounts. Earlier (as per the July 2022 circular), these balances could be invested only in T-Bills and government securities. The October 2025 update allows investment in non-convertible debentures, bonds, and commercial papers issued by Indian companies, subject to guidelines in AP DIR Circular No. 13 (also dated October 03, 2025). No foreign-currency instruments or SGB-only restrictions were introduced.
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Find the missing term:Â
A, YZ, BCD, UVWX, _____?______
