Economics · Foreign Exchange
Which statement correctly describes the convertibility status of the Indian Rupee?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is fully convertible on the current account and partially convertible on the capital account✓
- 2It is fully convertible only on the trade balance account
- 3It is fully convertible on the capital account and non-convertible on the current account
- 4It is fully convertible on both current and capital accounts
Correct answer
It is fully convertible on the current account and partially convertible on the capital account
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