Amendment status not verified — confirm the current text below against the official source.
[Method of dealing with fluctuations in rupee coin assets].—Omitted by the Banking Laws (Miscellaneous Provisions) Act, 1963 (55 of 1963), s. 3 (w.e.f. 1-2-1964). 1[37. Suspension of assets requirements as to foreign securities.—Notwithstanding anything contained in the foregoing provisions, the Bank may, with the previous sanction of the Central Government, for periods not exceeding six months in the first instance, which may, with the like sanction, be extended from time to time by period not exceeding three months at a time, hold as assets foreign securities of less amount in value than that required by sub-section (2) of section 33. 2* * * * *]