The RBI has expanded the scope of SNRR Accounts. Non-residents permitted to open such accounts for rupee denominated overseas borrowings, trade credit and trade invoicing for popularising cross-border transactions in the domestic currency. What is meaning of S in SNRR?

The RBI has expanded the scope of SNRR Accounts. Non-residents permitt

1.	The RBI has expanded the scope of SNRR Accounts. Non-residents permitted to open such accounts for rupee denominated overseas borrowings, trade credit and trade invoicing for popularising cross-border transactions in the domestic currency. What is meaning of S in SNRR?
Answer» SNRR account means a Special Non-Resident Rupee account. Deposits held in rupee accounts maintained by foreign diplomatic missions and diplomatic personnel and their family members in India with an authorized dealer.