RBI/2004-05/36
A.P.(DIR Series ) Circular No. 4
July 10, 2004
To,
All Authorised Dealers in Foreign Exchange
Madam / Sirs,
Deferred Payment Protocols dated
30th April 1981 and 23rd December 1985 between the Government of India and
erstwhile USSR
Attention of Authorised Dealers
is invited to A.P.(DIR
Series) Circular No.88 dated April 22, 2004, wherein the rupee value of
the special currency basket was indicated as Rs.56.8476 effective from April
02, 2004.
- Authorised Dealers are advised that a further
revision has taken place on June 21, 2004 and accordingly the rupee value
of the special currency basket has been fixed at Rs.58.6989 with effect from
June 24, 2004.
- Authorised Dealers 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, 1999 (42 of 1999).
Yours faithfully,
(Grace Koshie)
Chief General Manager
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