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RBI/2016-17/101
A.P. (DIR Series) Circular No. 12
October 27, 2016
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 Authorized Dealer Category-I (AD Category-I) banks is invited to
A.P. (DIR Series) Circular No. 79 dated June 30, 2016 wherein the Rupee value of
the Special Currency Basket was indicated as Rs. 83.5796140 effective from June
23, 2016.
2. AD Category-I banks are advised that a further revision
has taken place on October 17, 2016 and accordingly, the Rupee value of the
Special Currency Basket has been fixed at Rs. 81.0297640 with effect from
October 20, 2016.
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 section
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,
(A. K. Pandey)
Chief General Manager
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