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of <h1>Rupee Value Revision for Deferred Payment Protocols with Former USSR Effective May 31, 2010, Under FEMA 1999.</h1> The circular addresses all Authorised Dealer Category-I banks, informing them of a revision in the Rupee value of a special currency basket related to Deferred Payment Protocols between the Government of India and the former USSR. Initially set at Rs.60.897378 as of April 9, 2010, the value has been revised to Rs.63.0402 effective May 31, 2010. Banks are instructed to inform their relevant constituents of this change. These directions fall under the Foreign Exchange Management Act, 1999, and are issued without affecting any other legal permissions or approvals required.
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