Special Currency Basket revision requires banks to apply the updated rupee value and notify affected constituents promptly. The Reserve Bank of India revised and fixed the rupee value of the Special Currency Basket used under the Deferred Payment Protocols; Authorised Dealer Category I banks must adopt the revised rupee value for transactions and notify their affected constituents. The directions are issued under FEMA and are without prejudice to other statutory permissions or approvals.
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Provisions expressly mentioned in the judgment/order text.
Special Currency Basket revision requires banks to apply the updated rupee value and notify affected constituents promptly.
The Reserve Bank of India revised and fixed the rupee value of the Special Currency Basket used under the Deferred Payment Protocols; Authorised Dealer Category I banks must adopt the revised rupee value for transactions and notify their affected constituents. The directions are issued under FEMA and are without prejudice to other statutory permissions or approvals.
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