Indian Economy
The currency convertibility concept in its original form originated in

Taylors Agreement
None of the listed here
Wells Agreement
Bretton Woods Agreement

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to govern entry of new private sector banks to make the banking sector more competitive
to setup more foreign exchange banks
to lend more easily for industrial development
to reduce the freedom given to banks to rationalize their existing branch network

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