Current Affairs - National - Discussion
Discussion Forum : National - Latest Current Affairs (Q.No. 6186)
6186.
The RBI has expanded the scope of SNRR Accounts. Non-residents permitted to open such accounts for rupee denominated overseas borrowings, trade credit and trade invoicing for popularising cross-border transactions in the domestic currency. What is meaning of S in SNRR?
Answer: Option
Explanation:
SNRR account means a Special Non-Resident Rupee account. Deposits held in rupee accounts maintained by foreign diplomatic missions and diplomatic personnel and their family members in India with an authorized dealer.
Discussion:
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