Revision of special currency basket value alters exchange valuation applicable to authorised dealer banks under FEMA directions. The Reserve Bank notified Authorised Dealer Category I banks that, after a recalculation on November 23, 2011, the Rupee value of the special currency basket under the Deferred Payment Protocols has been revised and fixed with effect from November 28, 2011, and directed banks to inform their constituents; the circular is issued under FEMA and without prejudice to other statutory permissions.
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Revision of special currency basket value alters exchange valuation applicable to authorised dealer banks under FEMA directions.
The Reserve Bank notified Authorised Dealer Category I banks that, after a recalculation on November 23, 2011, the Rupee value of the special currency basket under the Deferred Payment Protocols has been revised and fixed with effect from November 28, 2011, and directed banks to inform their constituents; the circular is issued under FEMA and without prejudice to other statutory permissions.
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