Scope of Special Non-Resident Rupee (SNRR) Account being enhanced: RBI
RBI in its Statement on Developmental and Regulatory Policies, on Friday, October 4, 2019, announced that the scope of non-interest bearing Special Non-resident Rupee (SNRR) Account being enhanced. The statement said that in consultation with the Government, it is decided by RBI to permit persons resident outside India to open SNRR accounts, facilitating Rupee denominated…