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August 2009

A.P. (DIR Series) Circular No. 3, dated 17-7-2009 : Deferred payment protocols dated April 30, 1981 and December 23, 1985 between Govt. of India and erstwhile USSR.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Nimesh Dedhia, Vijay Kewalramani
Chartered Accountants
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Part C : RBI/FEMA

Given below are the highlights of certain RBI Circulars.


  1. A.P. (DIR Series) Circular No. 3, dated 17-7-2009 :
    Deferred payment protocols dated April 30, 1981 and December 23, 1985 between
    Govt. of India and erstwhile USSR.

This Circular provides that, with effect from June 25,
2009, the rupee value of the special currency basket has been fixed at
Rs.66.5719 as against the earlier value of Rs.64.6153.

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