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Deferred Payment Protocols between Government of India and erstwhile USSR
May, 28th 2012

A.P. (DIR Series) Circular No.130

May 25, 2012


All Category - I Authorised Dealer Banks

Madam / Sir,

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 
between Government of India and erstwhile USSR

Attention of Authorised Dealer Category-I (AD Category-I)banks is invited to A.P. (DIR Series) Circular No. 126 dated May 14, 2012, wherein the Rupee value of the Special Currency Basket was indicated as Rs. 73.305676 effective from April 26, 2012.

2. AD Category-I banks are advised that a further revision has taken place on May 4, 2012 and accordingly, the Rupee value of the Special Currency Basket has been fixed at Rs.75.594562 with effect from May 9, 2012.

3. AD Category-I banks 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 (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.

Yours faithfully,

(Rashmi Fauzdar)
Chief General Manager

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