(b)allowing the value of the rupee to be fixed by market forces
(c)freely permitting the conversion of rupee to other major currencies and vice versa
(d)developing an international market for currencies in India
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Class 12Open Economy Macroeconomics— NCERT Economics, Chapter 6. An open economy trades goods and services and financial assets with the rest of the world; imports are a leakage from, and exports an injection into, the circular flow.…
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