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of <h1>ACU Transaction Update: Minimum U.S. Dollar and Euro Transaction Amounts Reduced to $500/EUR500 for Banks Under FEMA 1999.</h1> The circular addresses Authorised Dealer Category-I Banks, updating them on the procedural instructions for transactions via the Asian Clearing Union (ACU). It revises the minimum transaction amounts for the Reserve Bank's receipt and payment in U.S. Dollar and Euro from $25,000/EUR25,000 to $500/EUR500, following an agreement at the ACU Board of Directors meeting in June 2015. Banks are instructed to inform relevant parties of these changes. The directions are issued under the Foreign Exchange Management Act, 1999, and do not affect other legal requirements.
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