Convertibility of rupee implies I. A.S. (Pre) 1994, 2015

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M: +2.00/-0.33

Convertibility of rupee implies

I. A.S. (Pre) 1994, 2015 56th to 59th B.P.S.C. (Pre) 2015

[External Sector - Trade, FDI, Debt]

being able to convert rupee notes into gold

allowing the value of rupee to be fixed by market forces

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

developing an international market for currencies in India

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