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RBI/2014-15/579
A.P. (DIR Series) Circular No. 96
April 30, 2015
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. 29 dated September 12, 2014 wherein the Rupee
value of the Special Currency Basket was indicated as Rs. 80.580297 effective
from September 09, 2014.
2. AD Category-I banks are advised that a further revision has taken place on
April 10, 2015 and accordingly, the Rupee value of the Special Currency Basket
has been fixed at Rs.85.4813 with effect from April 16, 2015.
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,
(B. P. Kanungo)
Principal Chief General Manager
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