Reserve Bank Of India
A.P. (DIR Series) Circular No. 38
October 4, 2012
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985
between Government of India and erstwhile USSR
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to
A.
P. (DIR Series) Circular No. 37 dated September 26, 2012 wherein the Rupee value
of the Special Currency Basket was indicated as Rs.78.105433 effective from
September 17, 2012.
- AD Category-I banks are advised that a further revision has taken place on
September 24, 2012 and accordingly, the Rupee value of the Special Currency
Basket has been fixed at Rs.75.037184 with effect from September 27, 2012.
- AD Category-I banks 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 (FEMA), 1999 (42 of 1999)
and are without prejudice to permissions / approvals, if any, required under any
other law.
Yours faithfully,
(Rashmi Fauzdar)
Chief General Manager
RBI/2012-13/233