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Special currency basket valuation revised; authorised dealer banks directed to adopt updated rupee conversion under FEMA. The rupee valuation of the special currency basket has been revised and fixed with effect from the stated March 2010 implementation date; AD Category I banks are instructed to adopt the revised rupee value for relevant transactions and to notify their constituents. The circular's directions are issued under the Foreign Exchange Management Act and do not affect permissions or approvals under other laws.
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<h1>Special currency basket valuation revised; authorised dealer banks directed to adopt updated rupee conversion under FEMA.</h1> The rupee valuation of the special currency basket has been revised and fixed with effect from the stated March 2010 implementation date; AD Category I banks are instructed to adopt the revised rupee value for relevant transactions and to notify their constituents. The circular's directions are issued under the Foreign Exchange Management Act and do not affect permissions or approvals under other laws.