Convertibility of the rupee implies ........

Indian Economy (Easy) Money and banking

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Convertibility of the rupee implies

being able to convert rupee notes intogold

freely permitting the conversion of rupee to other major currencies and viceversa

allowing the value of the rupee to be fixed by marketforces

developing an international market for currencies inIndia

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Explanation:

Current account convertibility implies freely permitting the conversion of rupee to other major currencies and vice-versa at existing market rates for trade purposes for any amount. It allows for easy financial transactions for the export and import of goods and services.