Convertibility of the rupee implies:

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Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Freely permitting the conversion of rupee to other major currencies and vice-versa

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Answer 1

Developing an international market for currencies in India

Answer 2

Allowing the value of the rupee to be fixed by market forces

Answer 3

Freely permitting the conversion of rupee to other major currencies and vice-versa

Answer 4

Being able to convert rupee into gold

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