Special currency basket valuation revised, requiring AD Category I banks to notify constituents and comply with FEMA directions. The Reserve Bank revised the rupee valuation of the Special Currency Basket under the Deferred Payment Protocols, fixed with effect from April 30, 2015, and directed Authorised Dealer Category I banks to note and communicate the change to their constituents; directions are issued under the Foreign Exchange Management Act, 1999, without prejudice to other legal permissions.
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Special currency basket valuation revised, requiring AD Category I banks to notify constituents and comply with FEMA directions.
The Reserve Bank revised the rupee valuation of the Special Currency Basket under the Deferred Payment Protocols, fixed with effect from April 30, 2015, and directed Authorised Dealer Category I banks to note and communicate the change to their constituents; directions are issued under the Foreign Exchange Management Act, 1999, without prejudice to other legal permissions.
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