4.3
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Value Date
The contract for purchase/delivery of U.S. dollar will be entered into by Reserve Bank on days on which the dealing room (DEIO) of Reserve Bank is open for business. No transaction in foreign currency will be entered into by Reserve Bank on Saturdays. The value date for spot as well as forward delivery should be in conformity with the national and international practice in this regard.