One of the important goals of the economic liberalisation policy is to achieve full convertibility of the Indian rupee. This is being advocated because
Options
(a)convertibility of the rupee will stabilize its exchange value against major currencies of the world
(b)it will attract more foreign capital inflow in India
(c)it will help promote exports
(d)it will help India secure loans from the world financial markets at attractive terms
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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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