Special Currency Basket value revised for deferred payment contracts under Indo USSR protocols, affecting valuation for existing agreements. The Reserve Bank of India revised the Indian rupee value of the Special Currency Basket, effective from 21.11.1997, for application to deferred payment contracts concluded under the Indo USSR Deferred Payments Protocols dated 30.4.1981 and 23.12.1985; the revision applies to contracts governing deliveries of machinery and equipment from the USSR to India and supersedes prior basket valuations for the stated protocol periods.
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Special Currency Basket value revised for deferred payment contracts under Indo USSR protocols, affecting valuation for existing agreements.
The Reserve Bank of India revised the Indian rupee value of the Special Currency Basket, effective from 21.11.1997, for application to deferred payment contracts concluded under the Indo USSR Deferred Payments Protocols dated 30.4.1981 and 23.12.1985; the revision applies to contracts governing deliveries of machinery and equipment from the USSR to India and supersedes prior basket valuations for the stated protocol periods.
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