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๐ˆ๐ง๐๐ข๐š๐ง ๐‘๐ฎ๐ฉ๐ž๐ž ๐ข๐ฌ ๐ง๐จ๐ฐ ๐†๐ฅ๐จ๐›๐š๐ฅ! ๐๐ž๐ฉ๐š๐ฅ, ๐’๐ซ๐ข ๐‹๐š๐ง๐ค๐š, ๐๐ก๐ฎ๐ญ๐š๐ง ๐ญ๐จ ๐ญ๐ซ๐š๐๐ž ๐š๐ง๐ ๐›๐จ๐ซ๐ซ๐จ๐ฐ ๐ข๐ง ๐ˆ๐๐‘

The decision came at the Monetary Policy Committee Meeting of RBI enhancing the influence of INR in the Asian Region.

National News
By admin

๐–๐ก๐ข๐œ๐ก ๐š๐ซ๐ž ๐ญ๐ก๐ž ๐Š๐ž๐ฒ ๐’๐ญ๐ž๐ฉ๐ฌ?

Authorised Dealer (AD) banks can now lend in INR to non-residents from Bhutan, Nepal, Sri Lanka.

Transparent reference rates will be established by RBI for key foreign currencies to facilitate smooth transactions

Special Rupee Vostro Account (SRVA): The balances in this account have been widened so as the investors can invest in corporate bonds and commercial papers

This move will facilitate cross border transactions, reduce the dependency on dollar, and will make INR a competitive currency in the Asian Region

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