| Date: |
22-04-2008
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| Notification No: |
RBI A P D (Series)Circular No 38/2008
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| Issuing Authority: |
RBI
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| Type: |
A.P.D.(Series) Circulars
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| File No: |
RBI/2007-2008/290 |
| Subject: |
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
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RBI/2007-2008/290
A.P. (DIR Series) Circular No.38
April 22, 2008
To
All Authorised Dealer Category-I banks
Madam / Sirs,
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.35 dated April 4, 2008 wherein the rupee value of the special currency basket was indicated as Rs.60.5718 effective from March 24, 2008.
- A.D. Category - I banks are advised that a further revision has taken place on April 2, 2008 and accordingly, the rupee value of the special currency basket has been fixed at Rs.58.6670 with effective from April 7, 2008.
- 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, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.
Yours faithfully,
Salim Gangadharan
Chief General Manager
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