Special currency basket valuation revised; authorised banks instructed to apply the new valuation under FEMA directives and notify constituents. The circular notifies Authorized Dealer Category I banks of a revision in the rupee valuation of the special currency basket under the Deferred Payment Protocols and instructs banks to apply the revised valuation, inform their constituents, and comply with the directions issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without prejudice to other statutory permissions.
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Special currency basket valuation revised; authorised banks instructed to apply the new valuation under FEMA directives and notify constituents.
The circular notifies Authorized Dealer Category I banks of a revision in the rupee valuation of the special currency basket under the Deferred Payment Protocols and instructs banks to apply the revised valuation, inform their constituents, and comply with the directions issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without prejudice to other statutory permissions.
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