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Foreign Exchange Management Act Announcement
Press Releases
ଜାନୁଆରୀ 14, 2008
RBI Reference Rate for US $ and Euro
January 14, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.29 and the Reference Rate for Euro is Rs.58.39 on January 14, 2008. The corresponding rates for the previous day (January 11, 2008) were Rs.39.29 and Rs.58.16 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 January 11, 2008 7
January 14, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.29 and the Reference Rate for Euro is Rs.58.39 on January 14, 2008. The corresponding rates for the previous day (January 11, 2008) were Rs.39.29 and Rs.58.16 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 January 11, 2008 7
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ଜାନୁଆରୀ 11, 2008
RBI Reference Rate for US $ and Euro
January 11, 2008The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.29 and the Reference Rate for Euro is Rs.58.16 on January 11, 2008. The corresponding rates for the previous day (January 10, 2008) were Rs.39.29 and Rs.57.71 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 January 10, 2008 76
January 11, 2008The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.29 and the Reference Rate for Euro is Rs.58.16 on January 11, 2008. The corresponding rates for the previous day (January 10, 2008) were Rs.39.29 and Rs.57.71 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 January 10, 2008 76
ଜାନୁଆରୀ 11, 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 December 24 to December 28, 2007.All Figures are in USD Millions MERCHANT INTER BANKFCY/INRFCY/FCYFCY/INRFCY/FCY PositionDate Spot Forward ForwardCancel Spot Forward ForwardCancel Spot Swap Forward Spot Swap Forward Purchase 24/12/2007 3,022 1,191 747 681 1,071 1,276 3,562 5,087 459 2,603 1,802 283 26/12/2007 2,129 1,021 836 725 393 6
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period December 24 to December 28, 2007.All Figures are in USD Millions MERCHANT INTER BANKFCY/INRFCY/FCYFCY/INRFCY/FCY PositionDate Spot Forward ForwardCancel Spot Forward ForwardCancel Spot Swap Forward Spot Swap Forward Purchase 24/12/2007 3,022 1,191 747 681 1,071 1,276 3,562 5,087 459 2,603 1,802 283 26/12/2007 2,129 1,021 836 725 393 6
ଜାନୁଆରୀ 10, 2008
RBI Reference Rate for US $ and Euro
January 10, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.29 and the Reference Rate for Euro is Rs.57.71 on January 10, 2008. The corresponding rates for the previous day (January 9, 2008) were Rs.39.29 and Rs.57.85 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 January 9, 2008 77.
January 10, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.29 and the Reference Rate for Euro is Rs.57.71 on January 10, 2008. The corresponding rates for the previous day (January 9, 2008) were Rs.39.29 and Rs.57.85 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 January 9, 2008 77.
ଜାନୁଆରୀ 09, 2008
RBI Reference Rate for US $ and Euro
January 9, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.29 and the Reference Rate for Euro is Rs.57.85 on January 9, 2008. The corresponding rates for the previous day (January 8, 2008) were Rs.39.27 and Rs.57.73 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 January 8, 2008 77.44
January 9, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.29 and the Reference Rate for Euro is Rs.57.85 on January 9, 2008. The corresponding rates for the previous day (January 8, 2008) were Rs.39.27 and Rs.57.73 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 January 8, 2008 77.44
ଜାନୁଆରୀ 08, 2008
RBI Reference Rate for US $ and Euro
January 8, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.27 and the Reference Rate for Euro is Rs.57.73 on January 8, 2008. The corresponding rates for the previous day (January 7, 2008) were Rs.39.28 and Rs.57.80 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 January 7, 2008 77.33
January 8, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.27 and the Reference Rate for Euro is Rs.57.73 on January 8, 2008. The corresponding rates for the previous day (January 7, 2008) were Rs.39.28 and Rs.57.80 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 January 7, 2008 77.33
ଜାନୁଆରୀ 08, 2008
Investment by FIIs under PIS : M/s Gujarat NRE Coke Limited
The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS), Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s Gujarat NRE Coke Limited, through primary markets and stock exchanges in India. The purchases can be made upto 74 per cent of the paid up capital of the company, as it has passed resolutions to this effect at the Board of Directors' and the Extra-Ordinary General Meetings. Aji
The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS), Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s Gujarat NRE Coke Limited, through primary markets and stock exchanges in India. The purchases can be made upto 74 per cent of the paid up capital of the company, as it has passed resolutions to this effect at the Board of Directors' and the Extra-Ordinary General Meetings. Aji
ଜାନୁଆରୀ 07, 2008
RBI Reference Rate for US $ and Euro
January 7, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.28 and the Reference Rate for Euro is Rs.57.80 on January 7, 2008. The corresponding rates for the previous day (January 4, 2008) were Rs.39.32 and Rs.57.91 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 January 4, 2008 77.53
January 7, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.28 and the Reference Rate for Euro is Rs.57.80 on January 7, 2008. The corresponding rates for the previous day (January 4, 2008) were Rs.39.32 and Rs.57.91 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 January 4, 2008 77.53
ଜାନୁଆରୀ 04, 2008
Investment by FIIs/NRIs/PIOs under PIS : Zee News Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can now purchase equity shares of Zee News Limited under Portfolio Investment Scheme (PIS), through secondary market in India. The Reserve Bank of India has stated that the holdings of FIIs in the company have gone below the prescribed threshold limit stipulated under the Foreign Direct Investment (FDI) policy. Ajit Prasa
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can now purchase equity shares of Zee News Limited under Portfolio Investment Scheme (PIS), through secondary market in India. The Reserve Bank of India has stated that the holdings of FIIs in the company have gone below the prescribed threshold limit stipulated under the Foreign Direct Investment (FDI) policy. Ajit Prasa
ଜାନୁଆରୀ 04, 2008
Investment by FIIs under PIS : Info Edge (India) Ltd.
The Reserve Bank of India has today notified that no further purchases of equity shares of Info Edge (India) Ltd., should be made on behalf of Foreign Institutional Investors (FIIs) through primary and secondary markets in India without obtaining the prior permission of the Reserve Bank. The Reserve Bank has stated that Info Edge (India) Ltd., has reached the limit of 22 per cent of its paid up capital. Ajit PrasadManager Press Release :2007-2008/890
The Reserve Bank of India has today notified that no further purchases of equity shares of Info Edge (India) Ltd., should be made on behalf of Foreign Institutional Investors (FIIs) through primary and secondary markets in India without obtaining the prior permission of the Reserve Bank. The Reserve Bank has stated that Info Edge (India) Ltd., has reached the limit of 22 per cent of its paid up capital. Ajit PrasadManager Press Release :2007-2008/890
ଜାନୁଆରୀ 04, 2008
RBI Reference Rate for US $ and Euro
January 4, 2008The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.32 and the Reference Rate for Euro is Rs.57.91 on January 4, 2008. The corresponding rates for the previous day (January 3, 2008) were Rs.39.45 and Rs.58.04 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 January 3, 2008 78.146
January 4, 2008The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.32 and the Reference Rate for Euro is Rs.57.91 on January 4, 2008. The corresponding rates for the previous day (January 3, 2008) were Rs.39.45 and Rs.58.04 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 January 3, 2008 78.146
ଜାନୁଆରୀ 04, 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 December 17 to December 20, 2007.All Figures are in USD Millions MERCHANT INTER BANKFCY/INRFCY/FCYFCY/INRFCY/FCY PositionDate Spot Forward ForwardCancel SpotForward ForwardCancel Spot Swap Forward Spot Swap Forward Purchase 17/12/2007 3,509 1,758 456 1,125 1,437 2,513 4,929 6,163 385 5,874 3,230 675 18/12/2007 2,699 1,510 413 1,304 1,
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period December 17 to December 20, 2007.All Figures are in USD Millions MERCHANT INTER BANKFCY/INRFCY/FCYFCY/INRFCY/FCY PositionDate Spot Forward ForwardCancel SpotForward ForwardCancel Spot Swap Forward Spot Swap Forward Purchase 17/12/2007 3,509 1,758 456 1,125 1,437 2,513 4,929 6,163 385 5,874 3,230 675 18/12/2007 2,699 1,510 413 1,304 1,
ଜାନୁଆରୀ 03, 2008
RBI Reference Rate for US $ and Euro
January 3, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.45 and the Reference Rate for Euro is Rs.58.04 on January 3, 2008. The corresponding rates for the previous day (January 2, 2008) were Rs.39.43 and Rs.57.76 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 January 2, 2008 78.34
January 3, 2008 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.45 and the Reference Rate for Euro is Rs.58.04 on January 3, 2008. The corresponding rates for the previous day (January 2, 2008) were Rs.39.43 and Rs.57.76 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 January 2, 2008 78.34
ଜାନୁଆରୀ 03, 2008
Investment by FIIs under PIS : M/s Punj Lioyd Limited
The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS), Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s Punj Lioyd Limited, through primary markets and stock exchanges in India. The purchases can be made upto 100 per cent of the paid up capital of the company, as it has passed resolutions to this effect at the Board of Directors' and the Extra-Ordinary General Meetings.Ajit Pras
The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS), Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s Punj Lioyd Limited, through primary markets and stock exchanges in India. The purchases can be made upto 100 per cent of the paid up capital of the company, as it has passed resolutions to this effect at the Board of Directors' and the Extra-Ordinary General Meetings.Ajit Pras
ଜାନୁଆରୀ 02, 2008
Investment by FIIs under PIS : Indraprastha Gas Ltd.
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) shares of Indraprastha Gas Limited, through the secondary market in India. The Reserve Bank of India has stated that the aggregate share holdings of FIIs in the company has gone below the caution limit of its paid up capital. Ajit PrasadManager Press Release :2007-2008/879
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) shares of Indraprastha Gas Limited, through the secondary market in India. The Reserve Bank of India has stated that the aggregate share holdings of FIIs in the company has gone below the caution limit of its paid up capital. Ajit PrasadManager Press Release :2007-2008/879
ଜାନୁଆରୀ 02, 2008
RBI Reference Rate for US $ and Euro
January 2, 2008The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.43 and the Reference Rate for Euro is Rs.57.76 on January 2, 2008. The corresponding rates for the previous day (January 1, 2008) were Rs.39.42 and Rs.57.51 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 January 1, 2008 78.262
January 2, 2008The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.43 and the Reference Rate for Euro is Rs.57.76 on January 2, 2008. The corresponding rates for the previous day (January 1, 2008) were Rs.39.42 and Rs.57.51 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 January 1, 2008 78.262
ଜାନୁଆରୀ 01, 2008
RBI Reference Rate for US $ and Euro
January 1, 2008The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.42 and the Reference Rate for Euro is Rs.57.51 on January 1, 2008. The corresponding rates for the previous day (December 31, 2007) were Rs.39.41 and Rs.58.12 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 December 31, 2007 78
January 1, 2008The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.42 and the Reference Rate for Euro is Rs.57.51 on January 1, 2008. The corresponding rates for the previous day (December 31, 2007) were Rs.39.41 and Rs.58.12 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 December 31, 2007 78
ଡିସେମ୍ବର 31, 2007
Investment by FIIs under PIS : IFCI Limited
The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS), Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of IFCI Limited, through primary markets and stock exchanges in India. The purchases can be made upto 74 per cent of the paid up capital of the company, as it has passed resolutions to this effect at the Board of Directors' and the Extra-Ordinary General Meetings.Ajit Prasad Manager
The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS), Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of IFCI Limited, through primary markets and stock exchanges in India. The purchases can be made upto 74 per cent of the paid up capital of the company, as it has passed resolutions to this effect at the Board of Directors' and the Extra-Ordinary General Meetings.Ajit Prasad Manager
ଡିସେମ୍ବର 31, 2007
Sources of Accretion to Foreign Exchange Reserves in India: April-September 2007
BackgroundThe Reserve Bank of India (RBI) had, on January 31, 2003, issued a Press Note on conclusions of a study conducted by its Department of Economic Analysis and Policy (DEAP) on Sources of Accretion to Foreign Exchange Reserves during April-November 2002. Subsequent to this, the RBI has been regularly updating and releasing information on ‘Sources of Accretion to Foreign Exchange Reserves’ through press releases which are available on the RBI website (www.rbi.or
BackgroundThe Reserve Bank of India (RBI) had, on January 31, 2003, issued a Press Note on conclusions of a study conducted by its Department of Economic Analysis and Policy (DEAP) on Sources of Accretion to Foreign Exchange Reserves during April-November 2002. Subsequent to this, the RBI has been regularly updating and releasing information on ‘Sources of Accretion to Foreign Exchange Reserves’ through press releases which are available on the RBI website (www.rbi.or
ଡିସେମ୍ବର 31, 2007
RBI Reference Rate for US $ and Euro
December 31, 2007The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.41 and the Reference Rate for Euro is Rs.58.12 on December 31, 2007. The corresponding rates for the previous day (December 28, 2007) were Rs.39.44 and Rs.57.69 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 December 28, 200
December 31, 2007The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.41 and the Reference Rate for Euro is Rs.58.12 on December 31, 2007. The corresponding rates for the previous day (December 28, 2007) were Rs.39.44 and Rs.57.69 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 December 28, 200
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