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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>RBI Updates Rupee Value for Deferred Payment Protocols with Former USSR; Effective October 25, 2012, per FEMA 1999.</h1> The circular addresses Category-I Authorised Dealer Banks regarding the deferred payment protocols between the Government of India and the former USSR, dated April 30, 1981, and December 23, 1985. It updates the Rupee value of the Special Currency Basket, which was revised to Rs.75.570411 effective from October 25, 2012. Banks are instructed to inform their relevant constituents of this change. The directions are issued under the Foreign Exchange Management Act, 1999, and do not affect any other legal permissions or approvals that may be required.
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