RBI Allows Foreign Rupee Balances In Government Bonds
Edited By WION Video Desk
Published: Aug 13, 2025, 18:43 IST | Updated: Aug 13, 2025, 18:43 IST
The Reserve Bank of India has made it easier for foreign banks to put their extra rupees to work. These rupees sit in something called a special rupee vostro account, a type of account held by an indian bank on behalf of a foreign bank. Now, the RBI says the extra money in these accounts can be freely invested in indian government bonds, removing earlier limits on short term investments.
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