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of <h1>Rupee Value of Special Currency Basket Revised for Deferred Payment Protocols with Former USSR, Effective May 21, 2014.</h1> The circular addresses Category-I Authorized Dealer banks regarding the revision of the Rupee value of the Special Currency Basket related to the Deferred Payment Protocols between the Government of India and the former USSR, dated April 30, 1981, and December 23, 1985. The Rupee value has been updated from Rs. 83.564155 to Rs. 80.603699, effective May 21, 2014. Banks are instructed to inform their concerned constituents about this change. The directions are issued under the Foreign Exchange Management Act, 1999, and do not affect other required permissions or approvals under different laws.
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