Economics · Banking and Currency
What does the current convertibility of the Rupee imply?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fixed exchange rate with foreign currencies
- 2Rupee's value is pegged to the Dollar
- 3Rupee is convertible into foreign currency for all current account transactions✓
- 4Rupee is a widely accepted reserve currency
Correct answer
Rupee is convertible into foreign currency for all current account transactions
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