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RBI/2005 – 06/401
A. P. (DIR Series) Circular No. 35
June 07, 2006
To,
All Banks Authorised to Deal in Foreign Exchange
Madam / Sir,
Deferred Payment Protocols dated April
30, 1981 and December 23, 1985 between the Government of India and erstwhile
USSR
Attention of Authorised Dealer (AD) banks is
invited to A. P.
(DIR Series) Circular No.45 dated June 08, 2005, wherein the rupee value
of the special currency basket was indicated as Rs. 56.9296 effective from May
19, 2005.
2. Authorised Dealer banks are advised that
a further revision has taken place on May 1, 2006 and accordingly the rupee
value of the special currency basket has been fixed at Rs. 58.7054 with effect
from May 4, 2006.
3. Authorised Dealer 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,
(M. Sebastian)
Chief General Manager
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