Special Currency Basket valuation: banks must apply updated Rupee value and notify constituents under FEMA directions. The circular notifies a revision of the Rupee valuation of the Special Currency Basket under the Deferred Payment Protocols and directs Authorised Dealer Category I banks to apply the revised valuation from the stated effective date and to inform their constituents; the directions are issued under FEMA and without prejudice to other statutory permissions.
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Special Currency Basket valuation: banks must apply updated Rupee value and notify constituents under FEMA directions.
The circular notifies a revision of the Rupee valuation of the Special Currency Basket under the Deferred Payment Protocols and directs Authorised Dealer Category I banks to apply the revised valuation from the stated effective date and to inform their constituents; the directions are issued under FEMA and without prejudice to other statutory permissions.
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