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Special Currency Basket valuation revised; authorised banks must apply the new rupee value and notify constituents promptly. The Reserve Bank fixed a revised rupee value for the Special Currency Basket, superseding the prior notified value, to be applied from the circular's effective date for transactions under the Deferred Payment Protocols with the erstwhile USSR; Authorised Dealer Category I banks must apply the revised valuation and notify their constituents, with directions issued under FEMA without prejudice to other legal permissions.
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Special Currency Basket valuation revised; authorised banks must apply the new rupee value and notify constituents promptly.
The Reserve Bank fixed a revised rupee value for the Special Currency Basket, superseding the prior notified value, to be applied from the circular's effective date for transactions under the Deferred Payment Protocols with the erstwhile USSR; Authorised Dealer Category I banks must apply the revised valuation and notify their constituents, with directions issued under FEMA without prejudice to other legal permissions.
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