Convertibility of rupee implies:

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CollectorBabu · Accepted Answer

Correct Answer: freely permitting the conversion of rupee to other currencies and vice versa. Rupee convertibility system allows the amount of rupee to get converted into different currencies with a view of foreign exchange. It means that you can convert foreign exchange, such as US dollars, Pound, Sterlings, etc., into Indian rupees and vice-versa at the market-determined rate of exchange. India permits full current account convertibility of rupee but only partial capital account convertibility. This statement confirms that option C is correct.

Convertibility of rupee implies:

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