Ever since the liberalization era, India has been a force to reckon with in the South-Asian region. The astronomical growth, which our country has witnessed since then, may be attibuted to the fact that our rupee was then made fully convertible on current account, mainly for trade purposes. But there are restrictions, which exists even now, on converting the rupee into other currencies, for capital purposes. Even our previous Prime-minister spoke in favour of a free-float currency status for our rupee. A floating exchange rate facilitates Automatic balance of payments adjustment and brings flexibility in trading environment besides freeing our nation from further economic crisis. The floating rate allows governments freedom to pursue their own internal policy objectives such as growth and full employment without external constraints. In case of free-float currency, our country need not hold large amounts of foreign currency for defending the fixed rate. These reserves, as we all know, have an opportunity cost. We hereby request your kind self, the Finance Minister and the Reserve Bank to revisit the subject (of capital account convertibility) and come out with a roadmap based on current realities.