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Special currency basket valuation changed; rupee value fixed and authorised dealers instructed to notify constituents under FEMA authority. A change in the valuation of the special currency basket was effected on 6 May 2002, and the rupee value of that basket was fixed with effect from 9 May 2002. Authorised dealers are directed to notify their constituents of this revised rupee valuation. The directions are issued under the issuer's statutory exchange-control powers to fix valuation and prescribe compliance instructions for foreign exchange dealings.
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Special currency basket valuation changed; rupee value fixed and authorised dealers instructed to notify constituents under FEMA authority.
A change in the valuation of the special currency basket was effected on 6 May 2002, and the rupee value of that basket was fixed with effect from 9 May 2002. Authorised dealers are directed to notify their constituents of this revised rupee valuation. The directions are issued under the issuer's statutory exchange-control powers to fix valuation and prescribe compliance instructions for foreign exchange dealings.
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