February 2022

UPSC

Current account convertibility: UPSC Daily Important Topic | 1 February 2022

Current account convertibility ✓ Current Account Convertibility allows free inflows and outflows of foreign currency for all purpose including resident Indians buying foreign goods and services (imports), Indians selling foreign goods and services (exports), Indians receiving and sending remittances, accessing foreign currency for travel, study abroad, medical tourism purpose etc. ✓ Current Account Convertibility: Current

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