Eligible bills of exchange and promissory notes held as reserves must be payable in
AForeign currency
BGold
CIndian rupees
DSDRs
Answer:
C. Indian rupees
Read Explanation:
RBI holds certain bills of exchange and promissory notes as part of its reserves to back currency issuance.
To ensure stability and liquidity within India, these instruments must be payable in Indian currency (rupees), not in foreign currency or gold.
