Friday, June 3, 2016

Channeling transactions through Asian Clearing Union (ACU)


For channeling transactions through Asian clearing Union, the minimum amount and the multiples in which Reserve Bank will receive and pay for the purpose of funding or for repatriating the excess liquidity in the ACU Dollar and ACU Euro accounts as below.


CURRENT
REVISED

Receives
Pays
Receives
Pays
Dollar
$ 25000
$ 1000
500
500
Euro
$ 25000
$ 1000
500
500

Based on RBI circular dated 26/05/2016. For further details please visit www.rbi.org.in …..Poppy