Question
What financial instrument are non-residents now allowed
to invest in using SRVA surplus rupee balances, as per the RBI's latest directive?Solution
The RBI has updated its policy to allow non-residents to invest SRVA rupee balances in Indian government securities , eliminating the need for prior approval. This initiative supports rupee internationalisation and strengthens local capital market linkages with global partners.
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(Note: The words must be con...
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