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of <h1>Rupee Value Revision for India-USSR Deferred Payment Protocols: Rs. 62.5050 Effective November 10, 2008, per FEMA 1999.</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 highlights a revision in the rupee value of the special currency basket, which was initially indicated as Rs. 65.4398 effective from September 23, 2008, and has been revised to Rs. 62.5050 effective from November 10, 2008. Banks are instructed to inform their relevant constituents of this update. The directives are issued under specific sections of the Foreign Exchange Management Act, 1999.
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