Deferred Payments Protocols - india and ussr

AP (DIR Series) (2001-2002) Circular No. 46, dated 15-5-2002

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

Attention of authorised dealers is invited to AP (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 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 are advised that a further change has taken place on 6th May, 2002, and the rupee value of the special currency basket effective from 9th May, 2002 has been fixed at Rs. 54.1262.

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).