January 02, 2009

To,

All Authorised Dealer Category – I Banks

Madam / Sir,

Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to A.P. (DIR Series) Circular No. 44 dated December 26, 2008 wherein the rupee value of the special currency basket was indicated as Rs. 64.9196 effective from November 19, 2008.

2. AD Category – I banks are advised that a further revision has taken place on December 18, 2008 and accordingly, the rupee value of the special currency basket has been fixed at Rs. 67.0394 with effect from December 23, 2008.

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, 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under any other law.

Yours faithfully,

(D. Mishra)
Chief General Manager