Why did the Reserve Bank of India (RBI) authorize banks

Q: Answer-Why did the Reserve Bank of India (RBI) authorize banks to open additional current accounts for expo...

The Reserve Bank of India RBI has permitted banks to open additional current account for exports proceeds in addition to special rupee vostro accounts with a view to provide greater operational flexibility to exporters. In July 2022, the RBI had asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency.

to open additional current accounts for export proceeds in July 2022?

A To enhance operational flexibility, facilitating smoother export transactions.

B To fortify financial infrastructure, ensuring robust support for exporters.

C To optimize banking mechanisms, offering exporters more strategic options.

D To elevate the efficiency of export-related financial processes and empower exporters.

E None of these

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Why did the Reserve Bank of India (RBI) authorize banks

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