special non resident rupee Current Affairs, GK & News

RBI enhanced the scope of SNRR

The Reserve Bank of India in consultation with the Government of India, has decided that in a bid to popularise internationalisation and cross-border transactions of the Indian Rupee, have issued norms, a scope for foreigners to open ‘Special Non-Resident Rupee (SNRR)’ accounts for purpose like trade credits and invoicing in INR, External commercial borrowing in ..

Category: 

Topics: 

RBI enhances scope of Special Non-Resident Rupee accounts

The Reserve Bank of India (RBI) has enhanced scope of ‘Special Non-resident Rupee’ (SNRR) by allowing persons residing outside India to open such accounts for purposes such as- (a) external commercial borrowing (ECB), (b) trade credit and and (c) Trade (Export/ Import) Invoicing, in domestic currency. The step is taken to popularise cross-border transactions in ..

Month: 

Category: 

Topics: