The Capital Account Convertibility of the Indian Rupee impli

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The Capital Account Convertibility of the Indian Rupee implies

I.A.S. (Pre) 1998

[External Sector - Trade, FDI, Debt]

that the Indian Rupee can be exchanged by the authorised dealers for travel

that the Indian Rupee can be exchanged for any major currency for the purpose of trade in goods and services

that the Indian Rupee can be exchanged for any major currency for the purpose of trading financial assets

None of the above

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