Notifications - Foreign Exchange Management - ربی - Reserve Bank of India
notifications
دسمبر 21, 2002
Risk Management and Inter Bank Dealings
A.P.(DIR Series) Circular No.63 (December 21, 2002)
A.P.(DIR Series) Circular No.63 (December 21, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001December 21, 2002A.P.(DIR Series) Circular No.63ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Risk Management and Inter Bank Dealings Attention of Authorised dealers is invited to A.P.(DIR Series) Circular No.19 dated January 24, 2002 and subsequent amendments referred to in the following paragraphs. It has been decided to permit the following further relaxations: 1. Foreign currency-r
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001December 21, 2002A.P.(DIR Series) Circular No.63ToAll Authorised Dealers in Foreign ExchangeMadam/Sir,Risk Management and Inter Bank Dealings Attention of Authorised dealers is invited to A.P.(DIR Series) Circular No.19 dated January 24, 2002 and subsequent amendments referred to in the following paragraphs. It has been decided to permit the following further relaxations: 1. Foreign currency-r
دسمبر 17, 2002
Exchange Earners' Foreign Currency (EEFC) Account Scheme
A.P. (DIR Series) Circular No.62 (December 17, 2002)
A.P. (DIR Series) Circular No.62 (December 17, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001December 17, 2002A.P. (DIR Series) Circular No.62ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exchange Earners' Foreign Currency (EEFC) Account Scheme Attention of authorised dealers is invited to sub-paragraph No.1(A)(ii) of the Schedule to the Reserve Bank Notification No.FEMA 10/2000-RB dated 3rd May 2000 as amended from time to time, in terms of which payments received in forei
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001December 17, 2002A.P. (DIR Series) Circular No.62ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exchange Earners' Foreign Currency (EEFC) Account Scheme Attention of authorised dealers is invited to sub-paragraph No.1(A)(ii) of the Schedule to the Reserve Bank Notification No.FEMA 10/2000-RB dated 3rd May 2000 as amended from time to time, in terms of which payments received in forei
دسمبر 14, 2002
"Write-off" of unrealised export bills-Surrender of export incentives
A.P.(DIR Series) Circular No.61(December 14, 2002)
A.P.(DIR Series) Circular No.61(December 14, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 December 14, 2002A.P.(DIR Series) Circular No.61ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,"Write-off" of unrealised export bills-Surrender of export incentivesAttention of authorised dealers is invited to paragraph C.18 of A.P (DIR Series) Circular No.12 dated September 9, 2000 in terms of which they have been permitted to allow "write-off" of unrealised export dues and A.P. (DIR
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001 December 14, 2002A.P.(DIR Series) Circular No.61ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,"Write-off" of unrealised export bills-Surrender of export incentivesAttention of authorised dealers is invited to paragraph C.18 of A.P (DIR Series) Circular No.12 dated September 9, 2000 in terms of which they have been permitted to allow "write-off" of unrealised export dues and A.P. (DIR
دسمبر 10, 2002
Full convertibility of Deposit Schemes -
NRNR/NRSR Accounts- Clarifications
A.P. (DIR Series) Circular No.60 (Dec 10, 2002)
NRNR/NRSR Accounts- Clarifications
A.P. (DIR Series) Circular No.60 (Dec 10, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.60December 10, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Full convertibility of Deposit Schemes – NRNR/NRSR Accounts- Clarifications Attention of authorised dealers is invited to A.P(DIR Series) Circular No.28 dated March 4, 2002 and clarifications issued from time to time on the subject.2. Our clarifications to the queries from authorised dealers
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001A.P. (DIR Series) Circular No.60December 10, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Full convertibility of Deposit Schemes – NRNR/NRSR Accounts- Clarifications Attention of authorised dealers is invited to A.P(DIR Series) Circular No.28 dated March 4, 2002 and clarifications issued from time to time on the subject.2. Our clarifications to the queries from authorised dealers
دسمبر 09, 2002
Issue of International Credit Cards to Non-
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.59 (Dec 9, 2002)
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.59 (Dec 9, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.59December 9, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs) and the subsequent clarification issued
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.59December 9, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs) and the subsequent clarification issued
نومبر 27, 2002
Evidence of Import
A.P. (DIR Series) Circular No.57 (November 27, 2002)
A.P. (DIR Series) Circular No.57 (November 27, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.57November 27, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Evidence of ImportAttention of all authorised dealers is invited to paragraph 3 of the AP (DIR Series) Circular No. 15 dated September 9, 2002 in terms of which in cases of imports into India where the amount of foreign exchange remitted is less than USD 1,00,000 or its equivalent, authorise
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.57November 27, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Evidence of ImportAttention of all authorised dealers is invited to paragraph 3 of the AP (DIR Series) Circular No. 15 dated September 9, 2002 in terms of which in cases of imports into India where the amount of foreign exchange remitted is less than USD 1,00,000 or its equivalent, authorise
نومبر 27, 2002
Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002
Reserve Bank of India Exchange Control Departemnt Central Office Mumbai-400 001 Notification No.FEMA.78/2002-RB November 27, 2002 Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (f) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No.FEMA 5/2000-RB dated 3rd May, 2000, the Reserve
Reserve Bank of India Exchange Control Departemnt Central Office Mumbai-400 001 Notification No.FEMA.78/2002-RB November 27, 2002 Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (f) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No.FEMA 5/2000-RB dated 3rd May, 2000, the Reserve
نومبر 26, 2002
Income Tax Clearance Certificate/No Objection Certificate
from Income Tax Authorities - Revision of format of
undertaking and certificate
A.P. (DIR Series) Circular No.56 (November 26, 2002)
from Income Tax Authorities - Revision of format of
undertaking and certificate
A.P. (DIR Series) Circular No.56 (November 26, 2002)
Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.56November 26, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Income Tax Clearance Certificate/No Objection Certificate from Income Tax Authorities – Revision of format of undertaking and certificate Attention of authorised dealers is invited to A.P.(DIR Series) Circular No.27 dated September 28, 2002 enclosing therewith a copy of the Government’s circ
Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.56November 26, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Income Tax Clearance Certificate/No Objection Certificate from Income Tax Authorities – Revision of format of undertaking and certificate Attention of authorised dealers is invited to A.P.(DIR Series) Circular No.27 dated September 28, 2002 enclosing therewith a copy of the Government’s circ
نومبر 25, 2002
Remittance of Foreign Exchange for Miscellaneous purposes
A.P. (DIR Series) Circular No.54 (November 25, 2002)
A.P. (DIR Series) Circular No.54 (November 25, 2002)
Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.54 November 25, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Remittance of Foreign Exchange for Miscellaneous purposesAttention of authorised dealers is invited to paragraph 3 of A.D. (M.A. Series) Circular No.11 dated May 16, 2000, advising them to be guided by the provisions of Exchange Control Manual (1993 edition) regarding matters listed in Anne
Reserve Bank Of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.54 November 25, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Remittance of Foreign Exchange for Miscellaneous purposesAttention of authorised dealers is invited to paragraph 3 of A.D. (M.A. Series) Circular No.11 dated May 16, 2000, advising them to be guided by the provisions of Exchange Control Manual (1993 edition) regarding matters listed in Anne
نومبر 23, 2002
Resident Foreign Currency (Domestic)
Account - Facility for Resident Individuals
A.P. (DIR Series) Circular No.53 (November 23, 2002)
Account - Facility for Resident Individuals
A.P. (DIR Series) Circular No.53 (November 23, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral Office, Mumbai 400 001A.P. (DIR Series) Circular No.53November 23, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Resident Foreign Currency (Domestic)Account - Facility for Resident IndividualsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.37 dated November 1, 2002 in terms of which, pending publication of the Notification by the Government, they are required to forward th
Reserve Bank of IndiaExchange Control DepartmentCentral Office, Mumbai 400 001A.P. (DIR Series) Circular No.53November 23, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Resident Foreign Currency (Domestic)Account - Facility for Resident IndividualsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.37 dated November 1, 2002 in terms of which, pending publication of the Notification by the Government, they are required to forward th
نومبر 23, 2002
ADR/GDR/FCCB Issues
A.P. (DIR Series) Circular No.52 (November 23, 2002)
A.P. (DIR Series) Circular No.52 (November 23, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001@@NBSP@@A.P. (DIR Series) Circular No.52November 23, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Dear Sirs,ADR/GDR/FCCB Issues Attention of the authorised dealers is invited to A.P.(DIR Series) Circular No.21 dated February 13, 2002 enclosing therewith a copy of the Notification No. FEMA 41/2001-RB dated March 2, 2001. In terms of Regulation 4B of the said Notification, an Indian com
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001@@NBSP@@A.P. (DIR Series) Circular No.52November 23, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Dear Sirs,ADR/GDR/FCCB Issues Attention of the authorised dealers is invited to A.P.(DIR Series) Circular No.21 dated February 13, 2002 enclosing therewith a copy of the Notification No. FEMA 41/2001-RB dated March 2, 2001. In terms of Regulation 4B of the said Notification, an Indian com
نومبر 16, 2002
Forward Cover for Foreign Institutional Investors
A.P. (DIR Series) Circular No.50 (November 16, 2002)
A.P. (DIR Series) Circular No.50 (November 16, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.50 November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Forward Cover for Foreign Institutional Investors Attention of authorised dealers is invited to Regulation 5 of Notification No.FEMA.25/RB-2000 dated May 3, 2000. In terms of paragraph 1(b) of Schedule II to the Notification, a registered Foreign Institutional Investor (FII) has been permi
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.50 November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Forward Cover for Foreign Institutional Investors Attention of authorised dealers is invited to Regulation 5 of Notification No.FEMA.25/RB-2000 dated May 3, 2000. In terms of paragraph 1(b) of Schedule II to the Notification, a registered Foreign Institutional Investor (FII) has been permi
نومبر 16, 2002
Foreign Exchange Management Act, 1999 - Advance Remittances for Imports
A.P. (DIR Series) Circular No.49 (November 16, 2002)
A.P. (DIR Series) Circular No.49 (November 16, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series)Circular No.49November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 –Advance Remittances for Imports Attention of authorised dealers is invited to para A.11 of the Annexure to A.P.(DIR Series) Circular No.9 dated August 24, 2000, in terms of which authorised dealers have been permitted to make advance remittances for impo
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P.(DIR Series)Circular No.49November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management Act, 1999 –Advance Remittances for Imports Attention of authorised dealers is invited to para A.11 of the Annexure to A.P.(DIR Series) Circular No.9 dated August 24, 2000, in terms of which authorised dealers have been permitted to make advance remittances for impo
نومبر 16, 2002
Investment in Overseas Market
A.P. (DIR Series) Circular No.48 (November 16, 2002)
A.P. (DIR Series) Circular No.48 (November 16, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.48 November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Market Attention of authorised dealers is invited to paragraph 2 of A.P. (DIR Series) Circular No. 40 dated April 29, 2002, in terms which banks have been permitted to invest upto 25 per cent of their unimpaired Tier 1 capital or USD 10 million whichever was higher i
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.48 November 16, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Market Attention of authorised dealers is invited to paragraph 2 of A.P. (DIR Series) Circular No. 40 dated April 29, 2002, in terms which banks have been permitted to invest upto 25 per cent of their unimpaired Tier 1 capital or USD 10 million whichever was higher i
نومبر 12, 2002
Exim Bank's Line of Credit of US$ 10 Million
to Eastern and Southern African Trade and
Development Bank (PTA Bank)
A.P. (DIR Series) Circular No.47 (November 12, 2002)
to Eastern and Southern African Trade and
Development Bank (PTA Bank)
A.P. (DIR Series) Circular No.47 (November 12, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P. (DIR Series) Circular No.47November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Exim Bank's Line of Credit of US$ 10 Millionto Eastern and Southern African Trade andDevelopment Bank (PTA Bank) Export Import Bank of India (Exim Bank) has concluded an agreement with Eastern and Southern African Trade and Development Bank (PTA Bank) on August 2, 2002, making available t
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P. (DIR Series) Circular No.47November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Exim Bank's Line of Credit of US$ 10 Millionto Eastern and Southern African Trade andDevelopment Bank (PTA Bank) Export Import Bank of India (Exim Bank) has concluded an agreement with Eastern and Southern African Trade and Development Bank (PTA Bank) on August 2, 2002, making available t
نومبر 12, 2002
Memorandum of Instructions to Authorised Money Changers (AMCs)
A.P.(DIR Series) Circular No.43 (November 12, 2002)
A.P.(DIR Series) Circular No.43 (November 12, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001November 12, 2002A.P.(DIR Series) Circular No.43 A.P.(FL/RL Series) Circular No.1ToAll Authorised Persons in Foreign ExchangeMadam / Sirs,Memorandum of Instructions to Authorised Money Changers (AMCs)Attention of the Full Fledged Money Changers (FFMCs) and Restricted Money Changers (RMCs) is invited to the Memorandum FLM and Memorandum RLM containing the procedural instructions issued to FFMCs
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001November 12, 2002A.P.(DIR Series) Circular No.43 A.P.(FL/RL Series) Circular No.1ToAll Authorised Persons in Foreign ExchangeMadam / Sirs,Memorandum of Instructions to Authorised Money Changers (AMCs)Attention of the Full Fledged Money Changers (FFMCs) and Restricted Money Changers (RMCs) is invited to the Memorandum FLM and Memorandum RLM containing the procedural instructions issued to FFMCs
نومبر 12, 2002
Refund of purchase consideration on account of non-allotment
of flats/plots/cancellation of bookings/deals in respect of
immovable property purchased by NRIs/PIOs in India
A.P. (DIR Series) Circular No.46 (November 12, 2002)
of flats/plots/cancellation of bookings/deals in respect of
immovable property purchased by NRIs/PIOs in India
A.P. (DIR Series) Circular No.46 (November 12, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.46November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Refund of purchase consideration on account of non-allotment of flats/plots/cancellation of bookings/deals in respect of immovable property purchased by NRIs/PIOs in India Attention of authorised dealers is invited to paragraph 3 (i) of Schedule 1 to Reserve Bank of India. Notification No
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.46November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam / Sirs,Refund of purchase consideration on account of non-allotment of flats/plots/cancellation of bookings/deals in respect of immovable property purchased by NRIs/PIOs in India Attention of authorised dealers is invited to paragraph 3 (i) of Schedule 1 to Reserve Bank of India. Notification No
نومبر 12, 2002
Commodity Hedging by Entities in the Special Economic Zones
A.P.(DIR Series)Circular No.44 (November 12, 2002)
A.P.(DIR Series)Circular No.44 (November 12, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001A.P.(DIR Series)Circular No.44November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Commodity Hedging by Entities in the Special Economic Zones Attention of authorised dealers is invited to paragraph 6 of Notification No.FEMA25/RB-2000 dated 3rd May, 2000 and paragraph A.6(i) Part A of the enclosure to A.P. DIR(Series) Circular No.19 dated January 24, 2002.2. The Notificatio
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001A.P.(DIR Series)Circular No.44November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Commodity Hedging by Entities in the Special Economic Zones Attention of authorised dealers is invited to paragraph 6 of Notification No.FEMA25/RB-2000 dated 3rd May, 2000 and paragraph A.6(i) Part A of the enclosure to A.P. DIR(Series) Circular No.19 dated January 24, 2002.2. The Notificatio
نومبر 12, 2002
Repatriation of refund of funds received for purchase of shares
A.P. (DIR Series) Circular No.45 (November 12, 2002)
A.P. (DIR Series) Circular No.45 (November 12, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.45November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Repatriation of refund of funds received for purchase of shares Under the current exchange control regulations authorised dealers require prior permission of the Reserve Bank to allow repatriation of funds received for purchase of shares. 2. It has now been decided to delegate the authority
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.45November 12, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Repatriation of refund of funds received for purchase of shares Under the current exchange control regulations authorised dealers require prior permission of the Reserve Bank to allow repatriation of funds received for purchase of shares. 2. It has now been decided to delegate the authority
نومبر 12, 2002
Investment in Overseas Markets
A.P. (DIR Series) Circular No.42 (November 12, 2002)
A.P. (DIR Series) Circular No.42 (November 12, 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.42November 12, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Markets Attention of authorised dealers is invited to Paragraph 2 of AP(DIR Series) Circular No.38 dated November 2, 2002 on the above subject. We advise that credit ratings of securities for investment of undeployed FCNR(B) funds may be amended to read as AA(-) by Sta
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.42November 12, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Investment in Overseas Markets Attention of authorised dealers is invited to Paragraph 2 of AP(DIR Series) Circular No.38 dated November 2, 2002 on the above subject. We advise that credit ratings of securities for investment of undeployed FCNR(B) funds may be amended to read as AA(-) by Sta
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