A.P.( DIR Series ) Circular No. 46/2002-RB, Dt. 15/05/2002

Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Government of India and erstwhile USSR

To

All Authorised Dealers in Foreign Exchange

Madam/Sirs,

Attention of authorised dealers is invited to A.P. ( DIR Series ) Circular No.14 dated 5th December 2001 wherein the rupee value of the special currency basket effective from 22nd November 2001 was indicated.

2. Authorised Dealers are advised that a further change has taken place on June 24, 2002 and accordingly the rupee value of the special currency basket effective from June 27, 2002 has been fixed at Rs.55.7981.

(Paragraph 2 has been amended vide A.P. (DIR Series) Cir. No. 04/2002-03-RB, DT. 09/07/2002.)

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2. Authorised Dealers are advised that a further change has taken place on 6th May 2002 and accordingly the rupee value of the special currency basket effective from 9th May 2002 has been fixed at Rs.54.1262

(Paragraph 2 has been amended vide A.P. (DIR Series) Cir. No. 50/2002-RB, DT. 05/06/2002.)

2. Authorised Dealers are advised that a further change has taken place on 6th May 2002 and accordingly the rupee value of the special currency basket effective from 9th May 2002, has been fixed at Rs.62.5450 with lower and upper limits being Rs. 60.6687 and Rs.64.4214 respectively.]

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 Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).

Yours faithfully,
Grace Koshie
Chief General Manager

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