Rupee Value for Special Currency Basket Revised for Deferred Payment Protocols with Former USSR; Effective March 13, 2012.

The circular addresses Category-I Authorised Dealer banks regarding the revision of the Rupee value for the Special Currency Basket related to deferred payment protocols between the Government of India and the former USSR, dated April 30, 1981, and December 23, 1985. The Rupee value was updated from Rs. 68.838139 to Rs. 70.965327, effective March 13, 2012. Banks are instructed to inform relevant parties of this change. The circular is issued under the Foreign Exchange Management Act, 1999, and does not affect other legal permissions or approvals required.

---

---

---