A.P. (DIR Series) (2003-2004) Circular No. 16, dated 20-9-2003, Issued by Exchange Control Department, RBI
Attention of
Authorised Dealers is invited to AP (DIR Series) Circular No. 89 dated March
28, 2003 wherein the rupee value of the special currency basket effective from
March 11, 2003 was indicated.
2. Authorised Dealers are advised that a
further change has taken place on August 15, 2003 and accordingly the rupee
value of the special currency basket effective from August 19, 2003 has been
fixed at Rs. 55.7865.
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).