Due to falling rupee value against US$, GOC Rates got revised
in between the running month. This is an exceptional situation
which is beyond anyone's control including RBI .
You may explore the option of adopting RBI Conversion Rates for
foreign currencies . Please note that RBI Conversion Rates are updated
on daily basis at their website http://www.rbi.org.in/home.aspx
Mukesh Anand
http://monitorlinks.typepad.com/
----- Original Message -----
From: "??.??.???????? (CTK)"
Dear Professional Friends,
AICTE has made some mandatory regulations to subscribe international e Journal packages to the colleges comes under its per-view. Accordingly we got the quotations and prepared the proposal and got it approved from our college management. We have used the GOC in converting the foreign currencies. All of us know, GOC will fix the indian currency rate to foreign currencies and it announces the rate once in a month. Today I have received an email regarding the change of currency conversion and they have changed the USD rate to 56.30. Suddenly they have changed the conversion rate in between the month. Is it fair? If the currency rate comes below 50 INR will they return the amount?
-- With Regards,
C.T.Kantharaj Librarian, Cambridge Institute of Technology, K.R.Puram, Bangalore - 560036 -------------------------------- Phone: 080-25618798 / 99 Mobile: 9448611800
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