RBI/2004 – 05/361
A.P.(DIR Series) Circular No. 33
February 09, 2005
To
All Banks Authorised to Deal in Foreign Exchange
Madam / Sirs,
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.30 dated December 23, 2004, wherein the rupee value
of the special currency basket was indicated as Rs.60.5127 effective from November
27, 2004.
2. Authorised Dealer banks are
advised that a further revision has taken place on January 17, 2005 and accordingly
the rupee value of the special currency basket has been fixed at Rs.58.6940
with effect from January 20, 2005.
3. Authorised Dealer banks may
bring the contents of this circular to the notice of their constituents concerned.
4. The direction contained in this
circular has 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, is any, required under any other law.
Yours faithfully,
F R Joseph
Chief
General Manager
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