Economics · Money and Banking
What is meant by the convertibility of the Rupee at present?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rupee value is backed by broad money reserves
- 2Rupee is freely convertible into foreign currency for all current account transactions✓
- 3Fixing rupee value against the US Dollar
- 4Stability of foreign exchange rate
Correct answer
Rupee is freely convertible into foreign currency for all current account transactions
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