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Minimum amount for repatriating ACU transaction amounts reduced- (Reserve Bank of India) (26 May 2016)

MANU/APDR/0038/2016

Banking

Minimum amounts and multiple in which the Reserve Bank of India will receive and pay for funding or repatriating excess liquidity in the Asian Clearing Union have been been set to $500 or €500.

Previously, under the Memorandum detailing instructions for transactions through the ACU had set the minimum and multiple amounts at $25,000 or €25,000 and $1000 or €1000, respectively.

Tags : ASIAN CLEARING UNION TRANSACTIONS MINIMUM MULTIPLE

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