Special Currency Basket valuation revised; authorised dealer banks directed to apply updated rupee value and notify constituents. AD Category I banks are directed to adopt the revised rupee valuation of the Special Currency Basket with effect from the stated effective date and to notify their constituents; the instructions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are without prejudice to other statutory permissions or approvals.
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Special Currency Basket valuation revised; authorised dealer banks directed to apply updated rupee value and notify constituents.
AD Category I banks are directed to adopt the revised rupee valuation of the Special Currency Basket with effect from the stated effective date and to notify their constituents; the instructions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are without prejudice to other statutory permissions or approvals.
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