Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Rupee Value in Special Currency Basket Revised to Rs. 83.137417 Effective August 12, 2014, for Deferred Payment Protocols.</h1> The circular addresses Category-I Authorized Dealer Banks regarding the revision of the Rupee value of the Special Currency Basket under the Deferred Payment Protocols between the Government of India and the former USSR, dated April 30, 1981, and December 23, 1985. The Rupee value, previously set at Rs. 80.603699 as of May 21, 2014, has been revised to Rs. 83.137417, effective August 12, 2014. Banks are instructed to inform their constituents of this update. The directions are issued under the Foreign Exchange Management Act, 1999, and do not affect other legal permissions or approvals.
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