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of <h1>Rupee Value Revised to Rs. 67.0394 for Deferred Payment Protocols with USSR Under FEMA, 1999. Inform Constituents.</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 banks of a revision in the rupee value of the special currency basket, which has been adjusted to Rs. 67.0394 effective from December 23, 2008. Banks are instructed to inform their relevant constituents of this change. The circular is issued under the Foreign Exchange Management Act, 1999, and does not affect any other legal permissions or approvals required.
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