Tag: Capital Account Convertibility

A currency is said to be convertible when it can be freely exchanged for other currency at market rates. Current account transactions are those...

Capital Account Convertibility means that rupee can now be freely convertible into any foreign currencies for the acquisition of assets like shares, properties, and assets...

Capital account convertibility Capital account convertibility (CAC) or a floating exchange rate means the freedom to convert local financial assets into foreign financial assets and...