Special Currency Basket value revised, affecting deferred payment protocols and requiring AD Category I banks to notify constituents under FEMA. The Reserve Bank fixed a revised rupee valuation of the Special Currency Basket for application to the Deferred Payment Protocols with effect from the specified date, instructing Authorised Dealer Category I banks to inform their constituents; the circular is issued under the Foreign Exchange Management Act and without prejudice to other legal permissions.
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Special Currency Basket value revised, affecting deferred payment protocols and requiring AD Category I banks to notify constituents under FEMA.
The Reserve Bank fixed a revised rupee valuation of the Special Currency Basket for application to the Deferred Payment Protocols with effect from the specified date, instructing Authorised Dealer Category I banks to inform their constituents; the circular is issued under the Foreign Exchange Management Act and without prejudice to other legal permissions.
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