January
02, 2009
To,
All Authorised Dealer Category – I 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. 44 dated December 26, 2008 wherein the rupee value of the special currency
basket was indicated as Rs. 64.9196 effective from November 19, 2008.
2.
AD Category – I banks are advised that a further revision has taken place on December
18, 2008 and accordingly, the rupee value of the special currency basket has been
fixed at Rs. 67.0394 with effect from December 23, 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 is without prejudice to permissions
/ approvals, if any, required under any other law.
Yours faithfully,
(D.
Mishra)
Chief General Manager