CIR. NO.42/2002-RB DT. 30/04/2002
- Document type
- Circular
- Reference no.
- B
- Dated
- Category
- A.P. (DIR Series) Circulars
ACU-Funding of Nostro Account on TOM basis
ACU-Funding of Nostro Account on TOM basis
Attention of authorised dealers is invited to AP (DIR Series) Circular No.25 dated February 17, 2001 in terms of which, authorised dealers desirous of availing the facility of booking transactions in their ACU Dollar Accounts on Tom basis are required to submit their applications to Department of External Investments and Operations, Reserve Bank of India, Mumbai before 3 p.m. a day prior to Value Date.
2. In view of suggestions received from some of the authorised dealers, it has now been decided that authorised dealers desirous of availing the facility of booking ACU transactions on Tom basis may submit their applications to Department of External Investments and Operations, Central Office, Reserve Bank of India, Mumbai upto 4 p.m. a day prior to the Value Date.
3. 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