Question
The Reserve Bank of India (RBI) has permitted banks from
______ countries to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees.Solution
The Reserve Bank of India (RBI) has permitted banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees. Â Â Â These 18 nations include Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda and the United Kingdom.
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