RBI/2011-12/439
A.P. (DIR Series) Circular No. 91
March 13, 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. 74 dated February 01, 2012, wherein the Rupee
value of the Special Currency Basket was indicated as Rs. 71.456679 effective
from January 20,2012.
2. AD Category-I banks are advised that a further revision has taken place on
February 6, 2012 and accordingly, the Rupee value of the Special Currency Basket
has been fixed at Rs.68.838139 with effect from February 9, 2012.
3. AD Category-I banks may bring the contents of this Circular to the notice
of their constituents concerned.
4. 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,
(Dr. Sujatha Elizabeth Prasad)
Chief General Manager