Special currency basket value revision fixes rupee parity for deferred payment protocols, requiring banks to notify constituents under FEMA. The rupee valuation of the special currency basket applicable to the Deferred Payment Protocols with the erstwhile USSR is revised and fixed at Rs.60.4392 effective August 12, 2008; Authorised Dealer Category I banks are directed to notify their constituents of the revised parity. The direction is issued under the Foreign Exchange Management Act and is without prejudice to other statutory permissions or approvals.