Dynamics of Rupee Convertibility

Authors

  • VK Xavier

DOI:

https://doi.org/10.12725/ujbm.6.5

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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Published

2005-06-10

How to Cite

Xavier, V. (2005). Dynamics of Rupee Convertibility. Ushus Journal of Business Management, 4(2), 31-45. https://doi.org/10.12725/ujbm.6.5