CIR. NO. 16/2003-04-RB, DT. 20/09/2003

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.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).

Yours faithfully,

Grace Koshie
Chief General Manager

(Please refer CIR. NO. 48/2003-04-RB, DT. 15/12/2003 - Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Government of India and erstwhile USSR)

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