Risk Management and Inter-Bank Dealings

A.P. (DIR Series) (2002-2003) Circular No. 90, dated 29-3-2003

Attention of authorised dealers is invited to A.P. (DIR Series) Circular No. 63 dated December 21, 2002.

2. It is advised that the relaxations/facilities referred to therein will continue until further notice.

3. 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).