RBI/2010-11/112
A.P. (DIR Series) Circular No. 01
(Last Circular of 2009-10 is 57)
July 13, 2010
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.55 dated June 15, 2010, wherein the Rupee value of
the special currency basket was indicated as Rs.63.0402 effective from May 31,
2010.
- AD Category-I banks are advised that a further revision has taken
place on June 21, 2010 and accordingly, the Rupee value of the special
currency basket has been fixed at Rs.60.8816 with effect from June 24, 2010.
- 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,
(G.Jaganmohan Rao)
Chief General Manager