Convertibility of Rupee in India

The convertibility of a currency such as Rupee has different meanings in different times. In existing standards, it means that the country’s currency becomes convertible in foreign exchange and vice versa in the market. The definition should be seen in historical aspect of foreign currency regulation in India. Almost at the same when India got independence, the Foreign Exchange Regulation Act 19…

You need to be a member of Integrated IAS General Studies Programme to view this content.

Last Updated: March 10, 2016