Special Currency Basket value revised; authorised dealer banks must apply the new rupee valuation under FEMA directions. The Reserve Bank directed a revision of the Special Currency Basket rupee valuation to be applied to transactions under the Deferred Payment Protocols with the erstwhile USSR, instructing Authorised Dealer Category I banks to implement the revised valuation from the stated effective date and to notify their constituents; the directions are issued under FEMA and without prejudice to other statutory permissions.
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Special Currency Basket value revised; authorised dealer banks must apply the new rupee valuation under FEMA directions.
The Reserve Bank directed a revision of the Special Currency Basket rupee valuation to be applied to transactions under the Deferred Payment Protocols with the erstwhile USSR, instructing Authorised Dealer Category I banks to implement the revised valuation from the stated effective date and to notify their constituents; the directions are issued under FEMA and without prejudice to other statutory permissions.
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