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.
2.
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.
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, 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