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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Rupee Value of Special Currency Basket Revised to Rs. 65.4398 for Deferred Payment Protocols, Effective September 2008.</h1> The circular addresses Authorized Dealer Category - I banks regarding the Deferred Payment Protocols between the Government of India and the former USSR, dated April 30, 1981, and December 23, 1985. It informs these banks of a revision in the rupee value of the special currency basket, now set at Rs. 65.4398, effective from September 23, 2008. This update follows a previous circular indicating a different value. Banks are instructed to inform their relevant constituents, and the directions are issued under the Foreign Exchange Management Act, 1999, without affecting other legal permissions or approvals.
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