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of <h1>RBI Sets Indian Rupee Value at Rs 56.8292 for Special Currency Basket, Effective April 19, 2007, under Deferred Payment Protocols.</h1> The Reserve Bank of India (RBI) has set the Indian Rupee value at Rs 56.8292 for the Special Currency Basket, effective from April 19, 2007. This revision pertains to deferred payment contracts under the Deferred Payments Protocols dated April 30, 1981, and December 23, 1985, between the Government of India and the former USSR. These protocols cover machinery and equipment deliveries from the USSR to India on deferred payment terms. The revision is issued in the public interest by the Director General of Foreign Trade.
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