Current Affairs · Banking Regulations
A Software Export House in Hyderabad maintains an EEFC account. Their credits for July 2025 total 170,000 USD (including trade receipts and a refund), and payments total 40,000 USD. Under RBI guidelines, what amount from the July credits must be mandatorily converted to INR if unutilized, and by what date?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1130,000 USD by August 31, 2025✓
- 2150,000 USD by September 30, 2025
- 3130,000 USD by September 30, 2025
- 4170,000 USD by August 31, 2025
Correct answer
130,000 USD by August 31, 2025
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