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of <h1>Rupee Value for Deferred Payment Protocols with Former USSR Revised to Rs. 60.4392 Effective August 12, 2008.</h1> The circular addresses Authorized Dealer Category-I banks regarding the deferred payment protocols between the Government of India and the former USSR, dated April 30, 1981, and December 23, 1985. It informs banks of a revision in the rupee value of the special currency basket, which was adjusted to Rs. 60.4392 effective August 12, 2008, from the previous value of Rs. 62.5198. Banks are instructed to communicate these changes to relevant parties. The circular is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without affecting other legal permissions or approvals.
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