📄 Article Body: The Reserve Bank of India (RBI) is planning to remove caps on Special Rupee Vostro Accounts (SRVAs)—a fancy name for global piggy banks in INR.
In simple terms, RBI wants foreign countries to use rupees to trade with India. Think of it like hosting an international potluck where you insist everyone uses Indian cutlery. 🇮🇳🍽️
🌍 Top Vostro Traders:
- 🇷🇺 Russia
- 🇲🇺 Mauritius
- 🇱🇰 Sri Lanka
By allowing more rupee-based trade settlements, RBI hopes to promote India’s currency globally—sort of like launching the Rupee as an influencer. But as we know, too much visibility can also mean trolls… aka inflation.
💬 “It’s a step toward rupee internationalisation,” said an economist. Bold goal. Let’s just hope the world accepts the rupee faster than UPI at a local sabzi mandi.
