Jayant Sinha bats for full convertibility

  1. Full capital convertibility means a foreign investor can repatriate his money into his own local currency at will, which is not allowed in the country as of now.
  2. The RBI governor had said: “The only place today that we have some restrictions is inflows into debt, especially very short-term debt.”
  3. For our capital markets to be broader, deeper – capital account convertibility also becomes important.
  1. Full capital convertibility means a foreign investor can repatriate his money into his own local currency at will, which is not allowed in the country as of now.
  2. The RBI governor had said: “The only place today that we have some restrictions is inflows into debt, especially very short-term debt.”
  3. For our capital markets to be broader, deeper – capital account convertibility also becomes important.