Current Affairs · Banking & Foreign Exchange Regulations
Under the Reserve Bank of India's framework for rupee-trade settlements, which of the following types of transactions/investments are permitted for non-resident entities using repatriable INR balances in Special Rupee Vostro Accounts (SRVA)?
- 1Any real estate property acquisitions without prior approval
- 2Crypto assets and non-fungible tokens (NFTs)
- 3Permissible capital account transactions like FDI and portfolio investments in India✓
- 4Debt securities only
Correct answer
Permissible capital account transactions like FDI and portfolio investments in India
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