Deferred Payments Protocols between India and USSR

AP (DIR Series) (2001-2002) Circular No. 50 Dated 5-6-2002

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 A.P. (DIR Series) Circular No. 46 dated 15th May, 2002 wherein the rupee value of the special currency basket effective from 9th May, 2002 was indicated. Paragraph 2 of the above circular is now modified as under:

“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”.

2. Authorised dealers may bring the contents of this circular to the notice of their constituents concerned.

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).