Economy, asked by suyqsj5865, 11 months ago

What kind of convertibility of currency is permitted in india?

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Answered by pihuuuuu83

0

Notes standard method

Answered by Anonymous

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.

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