Special currency basket value revision re-designates rupee valuation and directs authorised banks to implement and notify constituents. Revision of the rupee valuation of the special currency basket was prescribed with a new rupee value effective from a stated date; Authorised Dealer Category I banks are directed to apply the revised valuation and notify their constituents. The directions are issued under the Foreign Exchange Management Act and are without prejudice to other statutory permissions or approvals. The circular notes an earlier indicated rupee value that has been superseded by this revision.
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Special currency basket value revision re-designates rupee valuation and directs authorised banks to implement and notify constituents.
Revision of the rupee valuation of the special currency basket was prescribed with a new rupee value effective from a stated date; Authorised Dealer Category I banks are directed to apply the revised valuation and notify their constituents. The directions are issued under the Foreign Exchange Management Act and are without prejudice to other statutory permissions or approvals. The circular notes an earlier indicated rupee value that has been superseded by this revision.
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