Why can no one refuse to accept payment
in rupees?
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Answer:
In India, one cannot refuse a paymentmade in rupees because, by law, the Reserve Bank of India (RBI) issues currency notes on behalf of the central government. The law legalizes the use of rupee as a medium of paymentwhich cannot be refused in settling transactions in India.
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Explanation:
in India, one cannot refuse a payment made in rupees because, by law, the Reserve Bank of India (RBI) issues currency notes on behalf of the central government. The law legalizes the use of rupee as a medium of payment which cannot be refused in settling transactions in India.
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