Special Currency Basket revision notified to authorised dealers, requiring implementation of the revised exchange valuation for deferred settlements. Revision of the Rupee value of the Special Currency Basket for settlement under the Deferred Payment Protocols is notified to Authorised Dealer Category I banks, effective October 17, 2013. AD Category I banks must inform their constituents and implement the revised valuation for bilateral deferred payment settlements. The Directions are issued under FEMA (sections 10(4) and 11(1)) and are without prejudice to other statutory permissions or approvals.
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Special Currency Basket revision notified to authorised dealers, requiring implementation of the revised exchange valuation for deferred settlements.
Revision of the Rupee value of the Special Currency Basket for settlement under the Deferred Payment Protocols is notified to Authorised Dealer Category I banks, effective October 17, 2013. AD Category I banks must inform their constituents and implement the revised valuation for bilateral deferred payment settlements. The Directions are issued under FEMA (sections 10(4) and 11(1)) and are without prejudice to other statutory permissions or approvals.
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