Special Currency Basket valuation revised, requiring authorised dealer banks to adopt the new rupee conversion and notify constituents. The circular notifies Authorised Dealer Category I banks of a revision to the rupee value of the Special Currency Basket, fixes the revised rupee value effective from a specified date, directs AD Category I banks to inform their constituents, and states the directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 without prejudice to other legal permissions.
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Special Currency Basket valuation revised, requiring authorised dealer banks to adopt the new rupee conversion and notify constituents.
The circular notifies Authorised Dealer Category I banks of a revision to the rupee value of the Special Currency Basket, fixes the revised rupee value effective from a specified date, directs AD Category I banks to inform their constituents, and states the directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 without prejudice to other legal permissions.
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