Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for Q3 of 2012-13 (October-December 2012) on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-December 2012 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-December 2012 During April-December 2012, there was a marginal accretion to the foreign exchange reserves. The sources of vari

Preliminary data on India’s balance of payments (BoP) for the third quarter (October-December 2012) of the financial year 2012-13, are now available. The details of these data, as per the revised format of BoP presentation provided in IMF’s BPM6, are set out in Statement I. These data as per the old format are also given in Statement II. Highlights of BoP during October-December (Q3) of 2012-13 India’s current account deficit (CAD) widened from 5.4 per cent in Q2 to a

The Reserve Bank of India’s Reference Rate for the US dollar is `54.3893 and the Reference Rate for Euro is `69.5438 on March 28, 2013. The corresponding rates for the previous day (March 26, 2013) were `54.2735 and `69.8803 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date March 26, 2013 March 28, 2013 1 GBP 82.4903 82.3209 100 Y

The Reserve Bank of India today released, on its website, the data related to Investment Portfolio of Scheduled Commercial Banks (excluding Regional Rural Banks) as at the end of March 2012. An article analysing the Investment Portfolio of Scheduled Commercial Banks is being published in the April 2013 issue of the RBI Bulletin. ‘Explanatory Notes’ containing the details of the investment portfolio of SCBs are given at the end. Highlights: The outstanding investments

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB), both through Automatic Route and Approval Route, for the month of February 2013. Ajit Prasad Assistant General Manager Press Release :2012-2013/1622

The Reserve Bank of India’s Reference Rate for the US dollar is `54.2735 and the Reference Rate for Euro is `69.8803 on March 26, 2013. The corresponding rates for the previous day (March 25, 2013) were `54.0990 and `70. 4938 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date March 25, 2013 March 26, 2013 1 GBP 82.4658 82.4903 100

With a view to providing greater convenience to the tax payers, it has been decided that all designated branches of agency banks and RBI offices conducting Government business will keep their counters open on March 29, 30 and 31, 2013 to accept Government taxes. All tax payers are urged to remit taxes well before the last date to avoid last minute rush. Facility for payment of taxes on-line and through select ATMs is also available. Alpana Killawala Chief General Mana

The Reserve Bank of India’s Reference Rate for the US dollar is `54.0990 and the Reference Rate for Euro is `70.4938 on March 25, 2013. The corresponding rates for the previous day (March 22, 2013) were `54.3350 and `70.1005 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date March 22, 2013 March 25, 2013 1 GBP 82.5566 82.4658 100 Y

The Reserve Bank of India’s Reference Rate for the US dollar is `54.3350 and the Reference Rate for Euro is `70.1005 on March 22, 2013. The corresponding rates for the previous day (March 21, 2013) were `54.2810 and `70.2280 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date March 21, 2013 March 22, 2013 1 GBP 82.0593 82.5566 100 Y

The Reserve Bank of India’s Reference Rate for the US dollar is `54.2810 and the Reference Rate for Euro is `70.2280 on March 21, 2013. The corresponding rates for the previous day (March 20, 2013) were `54.3780 and `70.0365 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date March 20, 2013 March 21, 2013 1 GBP 82.0700 82.0593 100 Y