A.P. (DIR Series) Circular No. 12
All Category - I Authorised
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. 79 dated June 30, 2016 wherein
the Rupee value of the Special Currency Basket was indicated as Rs.
83.5796140 effective from June 23, 2016.
2. AD Category-I banks are
advised that a further revision has taken place on October 17, 2016 and
accordingly, the Rupee value of the Special Currency Basket has been fixed
at Rs. 81.0297640 with effect from October 20, 2016.
3. AD Category-I banks may bring
the contents of this circular to the notice of their constituents
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.
Chief General Manager