Special Currency Basket revision fixes rupee value and directs authorised dealer banks to notify constituents under FEMA authority. The Reserve Bank revised the Rupee valuation of the Special Currency Basket used for Deferred Payment Protocols and fixed a new rupee value effective in September 2013; Authorised Dealer Category I banks are directed to notify their constituents of the revision. The circular is issued under FEMA authority and is without prejudice to other legal permissions or approvals.
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Special Currency Basket revision fixes rupee value and directs authorised dealer banks to notify constituents under FEMA authority.
The Reserve Bank revised the Rupee valuation of the Special Currency Basket used for Deferred Payment Protocols and fixed a new rupee value effective in September 2013; Authorised Dealer Category I banks are directed to notify their constituents of the revision. The circular is issued under FEMA authority and is without prejudice to other legal permissions or approvals.
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