RBI/2011-12 /380
A.P. (DIR Series) Circular No. 74
February 01, 2012
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985
between Government of India and erstwhile USSR
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to
A.P. (DIR Series) Circular No. 54 dated December 8, 2011, wherein the Rupee
value of the Special Currency Basket was indicated as Rs. 73.923372 effective
from November 28, 2011.
- AD Category-I banks are advised that a further revision has taken place on
January 17, 2012 and accordingly, the Rupee value of the Special Currency Basket
has been fixed at Rs.71.456679 with effect from January 20, 2012.
- AD Category-I banks may bring the contents of this Circular to the notice of
their constituents concerned.
- The directions contained in this circular have been issued under sections
10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999)
and are without prejudice to permissions / approvals, if any, required under any
other law.
Yours faithfully,
(Rashmi Fauzdar)
Chief General Manager