Exchange rate adjustment: rupee value of special currency basket revised, authorised dealers notified under FEMA for compliance. The Reserve Bank of India, by A.P.(DIR Series) Circular No.14 dated 5 December 2001, notifies authorised dealers that a change on 19 November 2001 fixes the rupee value of the special currency basket effective 22 November 2001, directs authorised dealers to inform their constituents, and states that the directions are issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999.
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Exchange rate adjustment: rupee value of special currency basket revised, authorised dealers notified under FEMA for compliance.
The Reserve Bank of India, by A.P.(DIR Series) Circular No.14 dated 5 December 2001, notifies authorised dealers that a change on 19 November 2001 fixes the rupee value of the special currency basket effective 22 November 2001, directs authorised dealers to inform their constituents, and states that the directions are issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999.
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