2005•Ushus - Journal of Business ManagementOpen access
Dynamics of Rupee Convertibility
V K Xavier
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Abstract
Full convertibility of Indian Rupee involves many complex issues. The approach of Reserve Bank of India in this regard has been cautious. Risks associated with volatile inflow of foreign fund justify the precautionary approach followed so far. CapitalAccount Convertibility will promote greater financial efficiency, specialisation and innovation by exposing the domestic financial sector to global competition.
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