Revision of special currency basket value notified, new rupee parity effective from January 2004 for authorised dealers. Authorised Dealers are notified that the rupee value of the special currency basket was revised on December 29, 2003 and fixed at a new parity with effect from January 1, 2004; dealers must notify their constituents and apply the revised parity. The circular is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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Revision of special currency basket value notified, new rupee parity effective from January 2004 for authorised dealers.
Authorised Dealers are notified that the rupee value of the special currency basket was revised on December 29, 2003 and fixed at a new parity with effect from January 1, 2004; dealers must notify their constituents and apply the revised parity. The circular is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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