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Special Currency Basket value revised, altering rupee settlement terms under deferred payment protocols and requiring bank compliance. Revision of the Special Currency Basket value for settlement under the deferred payment protocols between the Government of India and the erstwhile USSR is announced, superseding the earlier rupee valuation. AD Category I banks are directed to note the revised valuation and inform their constituents. The Directions are issued under FEMA powers and are without prejudice to other statutory permissions or approvals.
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Special Currency Basket value revised, altering rupee settlement terms under deferred payment protocols and requiring bank compliance.
Revision of the Special Currency Basket value for settlement under the deferred payment protocols between the Government of India and the erstwhile USSR is announced, superseding the earlier rupee valuation. AD Category I banks are directed to note the revised valuation and inform their constituents. The Directions are issued under FEMA powers and are without prejudice to other statutory permissions or approvals.
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