RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001
RBI/2004/22
A.P. (DIR Series) Circular No. 59
January 19, 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.48 dated December 15, 2003, wherein the rupee value
of the special currency basket was indicated as Rs.57.5082 effective from
November 21, 2003.
2. Authorised Dealers are advised
that a further revision has taken place on December 29, 2003 and accordingly
the rupee value of the special currency basket has been fixed at Rs.59.3395
with effect from January 1, 2004.
3. Authorised Dealers 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).
Yours faithfully,
F.R.Joseph
Chief General
Manager
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