Special Currency Basket revision updates rupee valuation effective March 13, 2012, affecting AD Category I bank obligations under FEMA. AD Category I banks are notified of a revision to the rupee value of the Special Currency Basket to Rs.70.965327, effective March 13, 2012, following a revision on March 7, 2012; banks must inform their constituents. Directions are issued under FEMA sections 10(4) and 11(1) and are without prejudice to permissions required under other laws.
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Special Currency Basket revision updates rupee valuation effective March 13, 2012, affecting AD Category I bank obligations under FEMA.
AD Category I banks are notified of a revision to the rupee value of the Special Currency Basket to Rs.70.965327, effective March 13, 2012, following a revision on March 7, 2012; banks must inform their constituents. Directions are issued under FEMA sections 10(4) and 11(1) and are without prejudice to permissions required under other laws.
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