Deferred Payment Protocols between Government of India and erstwhile USSR

Dated 5th November, 2015 | Copy of Circular No.25 |


All Category-I Authorised Dealer Banks

Deferred Payment Protocols dated April 30, 1981 and December 23,1985 between Government of India and erstwhile USSR

Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 10 dated September 03, 2015 wherein the Rupee value of the Special Currency Basket was indicated as Rs. 81.3268160 effective from August 27, 2015.

2. AD Category-I banks are advised that a further revision has taken place on October 23, 2015 and accordingly, the Rupee value of the Special Currency Basket has been fixed at Rs.78.1657270 with effect from October 28, 2015.

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 section 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.

Sd/- (A K Pandey) Chief General Manager

Issued by: Reserve Bank of India Foreign Exchange Department Central Office Mumbai

The Dollar Business Bureau - Nov 06, 2015 12:00 IST