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    Question

    The RBI recently allowed non-residents holding Special

    Rupee Vostro Accounts (SRVAs) to invest surplus rupee balances in which instrument?┬а
    A Corporate Bonds Correct Answer Incorrect Answer
    B Mutual Funds Correct Answer Incorrect Answer
    C Government Securities Correct Answer Incorrect Answer
    D Sovereign Gold Bonds Correct Answer Incorrect Answer
    E Exchange Traded Funds Correct Answer Incorrect Answer

    Solution

    The RBI permitted non-residents with SRVAs to invest surplus rupee balances in government securities. SRVAs, introduced in 2022, allow trade settlement in INR, helping promote rupee internationalisation. This reduces dependence on USD, lowers hedging costs, and promotes global acceptance of INR.┬а

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