In the international money market, the Indian rupee is still not a deliverable currency.?
What does this mean and what are the implications of this:?
Answer:
this means that u can not buy local currency/dollars in exchange of rupees in a foreign country.
the implications of rupee not a deliverable currency - would be extra costs to be incurred while converting it into local currency/dollars due to double conversions ...
You will have to define what you mean by a "deliverable currency." I don't think that this is a standard term in economics. A related term might be a "convertible currency." This is a currency in which anyone can exchange money in that currency into any other national currency such as the dollar, the yen, or the euro without restriction and at the market exchange rate. Similarly, anyone with dollars, yen, or euros can covert them into the local currency without restriction at the market exchange rate.
"In the international money market, the Indian rupee is still not a deliverable currency."
I think you mean that the indian rupee does not deliver or gain against the dollar
Well that is simply wrong the indian rupee is the strongest and biggest gainer in Asia against the dollar and next is the philippine peso
The answers post by the user, for information only, FunQA.com does not guarantee the right.
More Questions and Answers: