Special Currency Basket valuation revised, affecting deferred payment contracts under Indo-USSR protocols for machinery imports. The Reserve Bank of India has revised the Indian Rupee value of the Special Currency Basket, effective from 8.6.99 with a rupee value of 50.3297, for application to deferred payment contracts concluded under the Deferred Payments Protocol dated 30.4.1981 and the Deferred Payments Protocol dated 23.12.1985 between the Government of India and the erstwhile USSR covering deliveries of machinery and equipment on deferred payment terms.
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Special Currency Basket valuation revised, affecting deferred payment contracts under Indo-USSR protocols for machinery imports.
The Reserve Bank of India has revised the Indian Rupee value of the Special Currency Basket, effective from 8.6.99 with a rupee value of 50.3297, for application to deferred payment contracts concluded under the Deferred Payments Protocol dated 30.4.1981 and the Deferred Payments Protocol dated 23.12.1985 between the Government of India and the erstwhile USSR covering deliveries of machinery and equipment on deferred payment terms.
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