What kind of convertibility of currency is permitted in india?
Answers
Answered by
0
Notes standard method
Answered by
8
In August 1994, the Government of India declared full convertibility of Rupee on Current account with announcing some relaxations as per requirements of the Article VIII of the IMF. These were: Repatriation of the income earned by the NRIs and overseas corporate bodies of NRIs in a Phased manner in 3 years period.
Similar questions