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Foreign Exchange Management Act Announcement
Press Releases
மே 06, 2008
RBI seeks Public Comment on Norms for
Branch/Liaison Offices in India by Foreign Entities
Branch/Liaison Offices in India by Foreign Entities
The Reserve Bank of India has proposed to delegate certain powers to authorised dealers regarding extension of validity period of liaison offices of foreign entities and closure of their branch/liaison offices in India. It has proposed to make the delegated powers effective from July 1, 2008 in order to provide necessary time to authorised dealers to assimilate the revised dispensation. Further, under the present provisions of Foreign Exchange Management Act, a person
The Reserve Bank of India has proposed to delegate certain powers to authorised dealers regarding extension of validity period of liaison offices of foreign entities and closure of their branch/liaison offices in India. It has proposed to make the delegated powers effective from July 1, 2008 in order to provide necessary time to authorised dealers to assimilate the revised dispensation. Further, under the present provisions of Foreign Exchange Management Act, a person
பிடிஎஃப் (
மே 06, 2008
RBI Reference Rate for US $ and Euro
May 06, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.69 and the Reference Rate for Euro is Rs.63.08 on May 6, 2008. The corresponding rates for the previous day (May 5, 2008) were Rs.40.55 and Rs.62.74 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN May 5, 2008 80.2099 38.54 May 6,
May 06, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.69 and the Reference Rate for Euro is Rs.63.08 on May 6, 2008. The corresponding rates for the previous day (May 5, 2008) were Rs.40.55 and Rs.62.74 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN May 5, 2008 80.2099 38.54 May 6,
மே 06, 2008
Data on ECB/FCCB for March 2008
The Reserve Bank of India has today released the data on External Commercial Borrowings (ECBs) and Foreign Currency Convertible Bonds (FCCBs), both under Automatic Route and Approval Route, for the month of March 2008. Ajit Prasad Manager Press Release : 2007-2008/1424
The Reserve Bank of India has today released the data on External Commercial Borrowings (ECBs) and Foreign Currency Convertible Bonds (FCCBs), both under Automatic Route and Approval Route, for the month of March 2008. Ajit Prasad Manager Press Release : 2007-2008/1424
மே 05, 2008
RBI Reference Rate for US $ and Euro
May 05, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.55 and the Reference Rate for Euro is Rs.62.74 on May 05, 2008. The corresponding rates for the previous day (May 2, 2008) were Rs.40.65 and Rs.62.78 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN May 2, 2008 80.3549 38.80 May 5
May 05, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.55 and the Reference Rate for Euro is Rs.62.74 on May 05, 2008. The corresponding rates for the previous day (May 2, 2008) were Rs.40.65 and Rs.62.78 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN May 2, 2008 80.3549 38.80 May 5
மே 02, 2008
RBI Reference Rate for US $ and Euro
May 02, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.65 and the Reference Rate for Euro is Rs.62.78 on May 02, 2008. The corresponding rates for the previous day (April 30, 2008) were Rs.40.46 and Rs.63.09 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 30, 2008 79.5039 38.99
May 02, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.65 and the Reference Rate for Euro is Rs.62.78 on May 02, 2008. The corresponding rates for the previous day (April 30, 2008) were Rs.40.46 and Rs.63.09 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 30, 2008 79.5039 38.99
மே 02, 2008
Foreign Exchange Turnover Data
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period April 15, 2008 to April 17, 2008. All Figures are in USD Millions MERCHANT INTER BANK FCY/ INR FCY/ FCY FCY/ INR FCY/ FCY Position Date Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 15/4/2008 2,516 1,400 366 1,432 2,129 2,239 3,325 4,242 286 7,617 2,117 165 16/4/2008 2,230 919 254
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period April 15, 2008 to April 17, 2008. All Figures are in USD Millions MERCHANT INTER BANK FCY/ INR FCY/ FCY FCY/ INR FCY/ FCY Position Date Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 15/4/2008 2,516 1,400 366 1,432 2,129 2,239 3,325 4,242 286 7,617 2,117 165 16/4/2008 2,230 919 254
ஏப். 30, 2008
RBI Reference Rate for US $ and Euro
April 30, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.46 and the Reference Rate for Euro is Rs.63.09 on April 30, 2008. The corresponding rates for the previous day (April 29, 2008) were Rs.40.22 and Rs.62.83 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 29, 2008 79.9453 3
April 30, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.46 and the Reference Rate for Euro is Rs.63.09 on April 30, 2008. The corresponding rates for the previous day (April 29, 2008) were Rs.40.22 and Rs.62.83 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 29, 2008 79.9453 3
ஏப். 29, 2008
RBI Reference Rate for US $ and Euro
April 29, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.22 and the Reference Rate for Euro is Rs.62.83 on April 29, 2008. The corresponding rates for the previous day (April 28, 2008) were Rs.40.14 and Rs.62.92 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 28, 2008 79.6639 3
April 29, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.22 and the Reference Rate for Euro is Rs.62.83 on April 29, 2008. The corresponding rates for the previous day (April 28, 2008) were Rs.40.14 and Rs.62.92 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 28, 2008 79.6639 3
ஏப். 28, 2008
RBI Reference Rate for US $ and Euro
April 28, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.14 and the Reference Rate for Euro is Rs.62.92 on April 28, 2008. The corresponding rates for the previous day (April 25, 2008) were Rs.40.18 and Rs.62.90 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 25, 2008 79.2530 3
April 28, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.14 and the Reference Rate for Euro is Rs.62.92 on April 28, 2008. The corresponding rates for the previous day (April 25, 2008) were Rs.40.18 and Rs.62.90 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 25, 2008 79.2530 3
ஏப். 25, 2008
RBI Reference Rate for US $ and Euro
April 25, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.18 and the Reference Rate for Euro is Rs.62.90 on April 25, 2008. The corresponding rates for the previous day (April 24, 2008) were Rs.40.04 and Rs.63.44 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 24, 2008 79.1190 3
April 25, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.18 and the Reference Rate for Euro is Rs.62.90 on April 25, 2008. The corresponding rates for the previous day (April 24, 2008) were Rs.40.04 and Rs.63.44 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 24, 2008 79.1190 3
ஏப். 25, 2008
Foreign Exchange Turnover Data
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period April 7, 2008 to April 11, 2008. All Figures are in USD Millions MERCHANT INTER BANK FCY/ INR FCY/ FCY FCY/ INR FCY/ FCY Position Date Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 7/4/2008 1,607 1,044 405 556 1,119 1,099 3,029 6,847 411 4,360 1,850 85 8/4/2008 1,965 1,237 500 1,2
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period April 7, 2008 to April 11, 2008. All Figures are in USD Millions MERCHANT INTER BANK FCY/ INR FCY/ FCY FCY/ INR FCY/ FCY Position Date Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 7/4/2008 1,607 1,044 405 556 1,119 1,099 3,029 6,847 411 4,360 1,850 85 8/4/2008 1,965 1,237 500 1,2
ஏப். 24, 2008
RBI Reference Rate for US $ and Euro
April 24, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.04 and the Reference Rate for Euro is Rs.63.44 on April 24, 2008. The corresponding rates for the previous day (April 23, 2008) were Rs.39.95 and Rs.63.80 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 23, 2008 79.4685 3
April 24, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.40.04 and the Reference Rate for Euro is Rs.63.44 on April 24, 2008. The corresponding rates for the previous day (April 23, 2008) were Rs.39.95 and Rs.63.80 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 23, 2008 79.4685 3
ஏப். 23, 2008
RBI Reference Rate for US $ and Euro
April 23, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.95 and the Reference Rate for Euro is Rs.63.80 on April 23, 2008. The corresponding rates for the previous day (April 22, 2008) were Rs.39.94 and Rs.63.39 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 22, 2008 79.0333 3
April 23, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.95 and the Reference Rate for Euro is Rs.63.80 on April 23, 2008. The corresponding rates for the previous day (April 22, 2008) were Rs.39.94 and Rs.63.39 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 22, 2008 79.0333 3
ஏப். 22, 2008
RBI Reference Rate for US $ and Euro
April 22, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.94 and the Reference Rate for Euro is Rs.63.39 on April 22, 2008. The corresponding rates for the previous day (April 21, 2008) were Rs.39.89 and Rs.63.06 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 21, 2008 79.6543 3
April 22, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.94 and the Reference Rate for Euro is Rs.63.39 on April 22, 2008. The corresponding rates for the previous day (April 21, 2008) were Rs.39.89 and Rs.63.06 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 21, 2008 79.6543 3
ஏப். 21, 2008
RBI Reference Rate for US $ and Euro
April 21, 2008The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.89 and the Reference Rate for Euro is Rs.63.06 on April 21, 2008. The corresponding rates for the previous day (April 17, 2008) were Rs.39.94 and Rs.63.62 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 17, 2008 78.7637 39
April 21, 2008The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.89 and the Reference Rate for Euro is Rs.63.06 on April 21, 2008. The corresponding rates for the previous day (April 17, 2008) were Rs.39.94 and Rs.63.62 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 17, 2008 78.7637 39
ஏப். 17, 2008
RBI Reference Rate for US $ and Euro
April 17, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.94 and the Reference Rate for Euro is Rs.63.62 on April 17, 2008. The corresponding rates for the previous day (April 16, 2008) were Rs.39.96 and Rs.63.31 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 16, 2008 78.6653 3
April 17, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.94 and the Reference Rate for Euro is Rs.63.62 on April 17, 2008. The corresponding rates for the previous day (April 16, 2008) were Rs.39.96 and Rs.63.31 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 16, 2008 78.6653 3
ஏப். 17, 2008
Foreign Exchange Turnover Data
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period March 31, 2008 to April 4, 2008. All Figures are in USD Millions MERCHANT INTER BANK FCY/ INR FCY/ FCY FCY/ INR FCY/ FCY Position Date Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 31/03/2008 3,266 2,488 2,142 598 898 1,546 7,515 8,769 1,604 5,287 3,315 279 02/04/2008 3,517 1,428
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period March 31, 2008 to April 4, 2008. All Figures are in USD Millions MERCHANT INTER BANK FCY/ INR FCY/ FCY FCY/ INR FCY/ FCY Position Date Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 31/03/2008 3,266 2,488 2,142 598 898 1,546 7,515 8,769 1,604 5,287 3,315 279 02/04/2008 3,517 1,428
ஏப். 17, 2008
Investment by FIIs : M/s. Prajay Engineers Syndicate Limited
The Reserve Bank of India has today notified that that Foreign Institutional Investors (FIIs) can purchase equity shares and convertible debentures of M/s Prajay Engineers Syndicate Limited through primary market or stock exchanges in India upto 100 per cent of its paid up capital. M/s Prajay Engineers Syndicate Limited has passed resolutions at its Board of Directors and Extra-Ordinary General Meeting to this effect. Ajit Prasad Manager Press Release :2007-2008/1347
The Reserve Bank of India has today notified that that Foreign Institutional Investors (FIIs) can purchase equity shares and convertible debentures of M/s Prajay Engineers Syndicate Limited through primary market or stock exchanges in India upto 100 per cent of its paid up capital. M/s Prajay Engineers Syndicate Limited has passed resolutions at its Board of Directors and Extra-Ordinary General Meeting to this effect. Ajit Prasad Manager Press Release :2007-2008/1347
ஏப். 16, 2008
RBI Reference Rate for US $ and Euro
April 16, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.96 and the Reference Rate for Euro is Rs.63.31 on April 16, 2008. The corresponding rates for the previous day (April 15, 2008) were Rs.39.96 and Rs.63.22 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 15, 2008 78.7152 3
April 16, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.96 and the Reference Rate for Euro is Rs.63.31 on April 16, 2008. The corresponding rates for the previous day (April 15, 2008) were Rs.39.96 and Rs.63.22 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 15, 2008 78.7152 3
ஏப். 15, 2008
RBI Reference Rate for US $ and Euro
April 15, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.96 and the Reference Rate for Euro is Rs.63.22 on April 15, 2008. The corresponding rates for the previous day (April 11, 2008) were Rs.39.94 and Rs.63.05 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 11, 2008 78.8116 3
April 15, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.96 and the Reference Rate for Euro is Rs.63.22 on April 15, 2008. The corresponding rates for the previous day (April 11, 2008) were Rs.39.94 and Rs.63.05 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN April 11, 2008 78.8116 3
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