Special currency basket valuation revised; authorised dealer banks must apply updated rupee value under FEMA directions. The Reserve Bank notified a revision of the Rupee value of the special currency basket used for settlement under the Deferred Payment Protocols and directed Authorised Dealer Category I banks to adopt the revised rupee valuation and notify their constituents; the directions are issued under FEMA and do not affect permissions required under other laws.
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Special currency basket valuation revised; authorised dealer banks must apply updated rupee value under FEMA directions.
The Reserve Bank notified a revision of the Rupee value of the special currency basket used for settlement under the Deferred Payment Protocols and directed Authorised Dealer Category I banks to adopt the revised rupee valuation and notify their constituents; the directions are issued under FEMA and do not affect permissions required under other laws.
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