Special Currency Basket valuation revised; authorised dealer banks instructed to apply updated rupee conversion and notify constituents. Revision of the Special Currency Basket rupee valuation is communicated to Authorised Dealer Category I banks, with the circular notifying a further revision effective from May 9, 2012. AD Category I banks are directed to apply the updated rupee valuation in relevant transactions and to bring the circular's contents to the notice of their constituents. The directions are issued under the statutory powers in the foreign exchange legislation and are without prejudice to permissions or approvals required under other laws.
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Special Currency Basket valuation revised; authorised dealer banks instructed to apply updated rupee conversion and notify constituents.
Revision of the Special Currency Basket rupee valuation is communicated to Authorised Dealer Category I banks, with the circular notifying a further revision effective from May 9, 2012. AD Category I banks are directed to apply the updated rupee valuation in relevant transactions and to bring the circular's contents to the notice of their constituents. The directions are issued under the statutory powers in the foreign exchange legislation and are without prejudice to permissions or approvals required under other laws.
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