India to move towards Rupee Convertibility

India to move towards Rupee Convertibility: Pranab

India will take gradual steps to full convertibility of the rupee but not in one go, Finance Minister Pranab Mukherjee told parliament.

“The full convertibility of rupee is our ultimate destination and we are taking gradual steps towards this. However, it is felt that it is not time to jump to that destination at one go now,” Mukherjee said in a prepared answer to parliament.

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