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of <h1>Rupee Value for Deferred Payment Protocols with Former USSR Revised to Rs. 60.4958 Under FEMA 1999.</h1> The circular addresses authorized banks dealing in foreign exchange, informing them of a revision in the rupee value of the special currency basket related to deferred payment protocols between the Government of India and the former USSR, dated April 30, 1981, and December 23, 1985. The new rupee value is set at Rs. 60.4958, effective from May 31, 2006. Banks are instructed to communicate this update to relevant parties. The directions are issued under the Foreign Exchange Management Act, 1999, and do not override any other required permissions or approvals.
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