Please
refer to FE Circular No. 08 dated July 08, 2008.
1.
The instructions conveyed vide Para - 4 of above mentioned
FE Circular are now being withdrawn and this will reinstate
the instructions given through FSCD Circular No. 02 dated
January 24, 2007 for cut-off time for dealing of Foreign
Exchange Transactions.
2.
Accordingly, the cut-off dealing time for all permitted
Foreign Exchange, Derivatives and Money Market transactions
will be observed as follows;
3.
The above instructions will be effective from Friday,
January 02, 2009. Authorized Dealers are advised to strictly
observe the above mentioned timings. It is further re-iterated
that cut-off timings for settlement of interbank deals
conveyed vide FSCD Circular No. 20 of October 31, 2007
will remain unchanged.
4.
All other instructions given in FE Circular No. 08 dated
July 08, 2008 will, however, remain unchanged.
Yours
Sincerely,