Economics · Foreign Exchange
What does the convertibility of the rupee imply?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Being able to convert rupee into gold
- 2Allowing the value of rupee to be fixed by market forces
- 3Freely permitting the conversion of rupee to other major currencies and vice-versa✓
- 4Developing an international market for currencies in India
Correct answer
Freely permitting the conversion of rupee to other major currencies and vice-versa
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