Special Currency Basket value revised; new rupee valuation applies to deferred payment contracts under USSR-era protocols. The Reserve Bank of India revised the Indian rupee valuation of the Special Currency Basket, effective 19 April 2007, and directed that this revised rupee value apply to deferred payment contracts concluded under the Deferred Payment Protocols of 30 April 1981 and 23 December 1985 between India and the former USSR concerning deliveries of machinery and equipment on deferred payment terms.
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Special Currency Basket value revised; new rupee valuation applies to deferred payment contracts under USSR-era protocols.
The Reserve Bank of India revised the Indian rupee valuation of the Special Currency Basket, effective 19 April 2007, and directed that this revised rupee value apply to deferred payment contracts concluded under the Deferred Payment Protocols of 30 April 1981 and 23 December 1985 between India and the former USSR concerning deliveries of machinery and equipment on deferred payment terms.
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