Special currency basket revision requires authorised dealers to apply the new rupee rate effective mid-January under FEMA directions. Authorised Dealer banks are notified that the rupee value of the special currency basket has been revised to a new rate, effective January 20, 2005; ADs must apply the revised rupee rate in their dealings and inform constituents. The direction is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and is without prejudice to other statutory permissions or approvals.