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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Rupee Value for Deferred Payment Protocols with Former USSR Revised to Rs. 77.6331180 Effective May 6, 2015.</h1> The circular addresses Category-I Authorized Dealer banks regarding the deferred payment protocols between the Government of India and the former USSR. It references a prior circular indicating the Rupee value of the Special Currency Basket as Rs. 88.3042, effective from April 30, 2015. A subsequent revision on May 5, 2015, has adjusted this value to Rs. 77.6331180, effective from May 6, 2015. Banks are instructed to inform relevant parties 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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