A.P. (DIR Series) (2003-04) Circular No. 88, dated 22-4-2004
Deferred Payment Protocols dated 30-4-1981
and 23-12-1985 between the Government of India and erstwhile USSR
Attention of Authorised Dealers is
invited to A.P.(DIR Series) Circular No.59 dated January 19, 2004, wherein the
rupee value of the special currency basket was indicated as Rs. 59.3395
effective from January 1, 2004.
2. Authorised
Dealers are advised that a further revision has taken place on March 29, 2004
and accordingly the rupee value of the special currency basket has been fixed
at Rs. 56.8476 with effect from April 2, 2004.
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 sections 10(4) and
11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).