Rupee value adjustment of special currency basket announced, requiring authorised dealer banks to apply the revised valuation in settlements. The circular revises the Rupee valuation of the special currency basket used for settlement under the Deferred Payment Protocols with the erstwhile USSR, notifies Authorised Dealer Category I banks that a prior value has been superseded by a further revision effective from the stated date, and directs AD Category I banks to inform their constituents. The Directions are issued under the Reserve Bank's statutory powers and are without prejudice to other permissions or approvals required under law.
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Rupee value adjustment of special currency basket announced, requiring authorised dealer banks to apply the revised valuation in settlements.
The circular revises the Rupee valuation of the special currency basket used for settlement under the Deferred Payment Protocols with the erstwhile USSR, notifies Authorised Dealer Category I banks that a prior value has been superseded by a further revision effective from the stated date, and directs AD Category I banks to inform their constituents. The Directions are issued under the Reserve Bank's statutory powers and are without prejudice to other permissions or approvals required under law.
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