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Special Currency Basket value revised for deferred payment protocols, requiring authorised dealers to implement updated Rupee valuation. The Reserve Bank of India notified AD Category I banks of a revision to the Rupee valuation of the Special Currency Basket applicable to Deferred Payment Protocols with the erstwhile USSR, fixed effective from the specified date; banks must inform constituents and implement the revised valuation, and the Directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without prejudice to other statutory permissions.
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Special Currency Basket value revised for deferred payment protocols, requiring authorised dealers to implement updated Rupee valuation.
The Reserve Bank of India notified AD Category I banks of a revision to the Rupee valuation of the Special Currency Basket applicable to Deferred Payment Protocols with the erstwhile USSR, fixed effective from the specified date; banks must inform constituents and implement the revised valuation, and the Directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without prejudice to other statutory permissions.
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