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Foreign Exchange Management Act Announcement
Press Releases
ଅଗଷ୍ଟ 16, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 61.8195 and the Reference Rate for Euro is ` 82.4510 on August 16, 2013. The corresponding rates for the previous day (August 14, 2013) were ` 61.5160 and ` 81.6266 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 14, 2013 August 16, 2013 1 GBP 94.9869 9
The Reserve Bank of India’s Reference Rate for the US dollar is ` 61.8195 and the Reference Rate for Euro is ` 82.4510 on August 16, 2013. The corresponding rates for the previous day (August 14, 2013) were ` 61.5160 and ` 81.6266 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 14, 2013 August 16, 2013 1 GBP 94.9869 9
ପିଡିଏଫ (
ଅଗଷ୍ଟ 14, 2013
Investment by FIIs under PIS - Incorporation in Ban List : M/s Axis Bank Ltd
The Reserve Bank of India today notified that foreign share holding by Global Depository Receipt (GDR)/American Depository Receipt (ADR)/Foreign Direct Investment (FDI)/Non Resident Indian (NRI)/Persons of Indian Origin (PIO)/Foreign Institutional Investors (FIIs) in M/s Axis Bank Ltd. has crossed the overall limit of 49 per cent of its paid-up capital. Therefore, no further purchases of share of this bank would be allowed through stock exchanges in India on behalf of
The Reserve Bank of India today notified that foreign share holding by Global Depository Receipt (GDR)/American Depository Receipt (ADR)/Foreign Direct Investment (FDI)/Non Resident Indian (NRI)/Persons of Indian Origin (PIO)/Foreign Institutional Investors (FIIs) in M/s Axis Bank Ltd. has crossed the overall limit of 49 per cent of its paid-up capital. Therefore, no further purchases of share of this bank would be allowed through stock exchanges in India on behalf of
ଅଗଷ୍ଟ 14, 2013
RBI announces measures to rationalise Foreign Exchange Outflows by Resident Indians
Keeping in view the current macroeconomic situation, the Reserve Bank of India has today announced the following measures: (i) Reduced the limit for Overseas Direct Investment (ODI) under automatic route for all fresh ODI transactions, from 400% of the net worth of an Indian Party to 100% of its net worth. This reduced limit would also apply to remittances made under the ODI scheme by Indian Companies for setting up unincorporated entities outside India in the energy
Keeping in view the current macroeconomic situation, the Reserve Bank of India has today announced the following measures: (i) Reduced the limit for Overseas Direct Investment (ODI) under automatic route for all fresh ODI transactions, from 400% of the net worth of an Indian Party to 100% of its net worth. This reduced limit would also apply to remittances made under the ODI scheme by Indian Companies for setting up unincorporated entities outside India in the energy
ଅଗଷ୍ଟ 14, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `61.5160 and the Reference Rate for Euro is `81.6266 on August 14, 2013. The corresponding rates for the previous day (August 13, 2013) were `61.4343 and `81.7770 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 13, 2013 August 14, 2013 1 GBP 95.0757 94.98
The Reserve Bank of India’s Reference Rate for the US dollar is `61.5160 and the Reference Rate for Euro is `81.6266 on August 14, 2013. The corresponding rates for the previous day (August 13, 2013) were `61.4343 and `81.7770 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 13, 2013 August 14, 2013 1 GBP 95.0757 94.98
ଅଗଷ୍ଟ 13, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `61.4343 and the Reference Rate for Euro is `81.7770 on August 13, 2013. The corresponding rates for the previous day (August 12, 2013) were `60.8025 and `81.0345 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 12, 2013 August 13, 2013 1 GBP 94.2074 95.07
The Reserve Bank of India’s Reference Rate for the US dollar is `61.4343 and the Reference Rate for Euro is `81.7770 on August 13, 2013. The corresponding rates for the previous day (August 12, 2013) were `60.8025 and `81.0345 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 12, 2013 August 13, 2013 1 GBP 94.2074 95.07
ଅଗଷ୍ଟ 12, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `60.8025 and the Reference Rate for Euro is `81.0345 on August 12, 2013. The corresponding rates for the previous day (August 8, 2013) were `61.1150 and `81.5420 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 8, 2013 August 12, 2013 1 GBP 94.7710 94.2074
The Reserve Bank of India’s Reference Rate for the US dollar is `60.8025 and the Reference Rate for Euro is `81.0345 on August 12, 2013. The corresponding rates for the previous day (August 8, 2013) were `61.1150 and `81.5420 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 8, 2013 August 12, 2013 1 GBP 94.7710 94.2074
ଅଗଷ୍ଟ 08, 2013
Overseas Direct Investment for July 2013
The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of July 2013. Ajit Prasad Assistant General Manager Press Release : 2013-2014/291
The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of July 2013. Ajit Prasad Assistant General Manager Press Release : 2013-2014/291
ଅଗଷ୍ଟ 08, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 61.1150 and the Reference Rate for Euro is ` 81.5420 on August 8, 2013. The corresponding rates for the previous day (August 7, 2013) were ` 61.3940 and ` 81.6990 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 7, 2013 August 8, 2013 1 GBP 94.1723 94.77
The Reserve Bank of India’s Reference Rate for the US dollar is ` 61.1150 and the Reference Rate for Euro is ` 81.5420 on August 8, 2013. The corresponding rates for the previous day (August 7, 2013) were ` 61.3940 and ` 81.6990 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 7, 2013 August 8, 2013 1 GBP 94.1723 94.77
ଅଗଷ୍ଟ 07, 2013
Investment by FIIs under PIS - Removal from the Ban List : M/s Maruti Suzuki India Ltd
The Reserve Bank of India has today notified that the foreign share holdings in M/s Maruti Suzuki India Ltd. by Foreign Institutional Investors (FIIs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of M/s Maruti Suzuki India Ltd. are withdrawn with immediate effect. Ajit Prasad Assistant General Manager Press Release : 2013-2014/
The Reserve Bank of India has today notified that the foreign share holdings in M/s Maruti Suzuki India Ltd. by Foreign Institutional Investors (FIIs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of M/s Maruti Suzuki India Ltd. are withdrawn with immediate effect. Ajit Prasad Assistant General Manager Press Release : 2013-2014/
ଅଗଷ୍ଟ 07, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `61.3940 and the Reference Rate for Euro is `81.6990 on August 7, 2013. The corresponding rates for the previous day (August 6, 2013) were `61.5355 and `81.5785 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 6, 2013 August 7, 2013 1 GBP 94.3708 94.1723 1
The Reserve Bank of India’s Reference Rate for the US dollar is `61.3940 and the Reference Rate for Euro is `81.6990 on August 7, 2013. The corresponding rates for the previous day (August 6, 2013) were `61.5355 and `81.5785 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 6, 2013 August 7, 2013 1 GBP 94.3708 94.1723 1
ଅଗଷ୍ଟ 06, 2013
Data on India’s Invisibles for Fourth Quarter (January-March) of 2012-13
The Reserve Bank today released data on India’s invisibles as per the IMF’s Balance of Payments and International Investment Position Manual (BPM6) format for January-March 2013 and revised data for April-June 2012 and July-September 2012 and October-December 2012 along with corresponding data for previous year. In order to enhance data dissemination, the disaggregated data on India’s Invisibles are released on a quarterly basis on the RBI website with about one month
The Reserve Bank today released data on India’s invisibles as per the IMF’s Balance of Payments and International Investment Position Manual (BPM6) format for January-March 2013 and revised data for April-June 2012 and July-September 2012 and October-December 2012 along with corresponding data for previous year. In order to enhance data dissemination, the disaggregated data on India’s Invisibles are released on a quarterly basis on the RBI website with about one month
ଅଗଷ୍ଟ 06, 2013
Data on ECB / FCCB for June 2013
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 June 2013. Ajit Prasad Assistant General Manager Press Release : 2013-2014/257
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 June 2013. Ajit Prasad Assistant General Manager Press Release : 2013-2014/257
ଅଗଷ୍ଟ 06, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `61.5355 and the Reference Rate for Euro is `81.5785 on August 6, 2013. The corresponding rates for the previous day (August 5, 2013) were `60.8220 and `80.7335 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 5, 2013 August 6, 2013 1 GBP 92.9664 94.3708 1
The Reserve Bank of India’s Reference Rate for the US dollar is `61.5355 and the Reference Rate for Euro is `81.5785 on August 6, 2013. The corresponding rates for the previous day (August 5, 2013) were `60.8220 and `80.7335 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 5, 2013 August 6, 2013 1 GBP 92.9664 94.3708 1
ଅଗଷ୍ଟ 05, 2013
Investment by FIIs/NRI/PIOs under PIS - Removal from the Caution List : M/s Dena Bank
The Reserve Bank of India has today notified that the foreign share holdings in M/s Dena Bank by Foreign Institutional Investors (FIIs)/Non Resident Indian (NRIs)/Persons of Indian Origin (PIOs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of M/s Dena Bank are withdrawn with immediate effect. Sabeeta Badkar Assistant Manager Pr
The Reserve Bank of India has today notified that the foreign share holdings in M/s Dena Bank by Foreign Institutional Investors (FIIs)/Non Resident Indian (NRIs)/Persons of Indian Origin (PIOs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of M/s Dena Bank are withdrawn with immediate effect. Sabeeta Badkar Assistant Manager Pr
ଅଗଷ୍ଟ 05, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.8220 and the Reference Rate for Euro is ` 80.7335 on August 5, 2013. The corresponding rates for the previous day (August 2, 2013) were ` 60.8035 and ` 80.3655 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 2, 2013 August 5, 2013 1 GBP 91.9531 92.96
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.8220 and the Reference Rate for Euro is ` 80.7335 on August 5, 2013. The corresponding rates for the previous day (August 2, 2013) were ` 60.8035 and ` 80.3655 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 2, 2013 August 5, 2013 1 GBP 91.9531 92.96
ଅଗଷ୍ଟ 02, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.8035 and the Reference Rate for Euro is ` 80.3655 on August 2, 2013. The corresponding rates for the previous day (August 1, 2013) were ` 60.7423 and ` 80.6025 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 1, 2013 August 2, 2013 1 GBP 92.0550 91.95
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.8035 and the Reference Rate for Euro is ` 80.3655 on August 2, 2013. The corresponding rates for the previous day (August 1, 2013) were ` 60.7423 and ` 80.6025 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date August 1, 2013 August 2, 2013 1 GBP 92.0550 91.95
ଅଗଷ୍ଟ 01, 2013
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 July 15, 2013 to July 19, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 15-7-2013 2,021 756 467 321 102 63 7,722 6,672 437 3,119 1,074 40 16-7-2013 1,912 1,159 1,001 330
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period July 15, 2013 to July 19, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 15-7-2013 2,021 756 467 321 102 63 7,722 6,672 437 3,119 1,074 40 16-7-2013 1,912 1,159 1,001 330
ଅଗଷ୍ଟ 01, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `60.7423 and the Reference Rate for Euro is `80.6025 on August 1, 2013. The corresponding rates for the previous day (July 31, 2013) were `61.1150 and `80.9535 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 31, 2013 August 1, 2013 1 GBP 92.9742 92.0550 100
The Reserve Bank of India’s Reference Rate for the US dollar is `60.7423 and the Reference Rate for Euro is `80.6025 on August 1, 2013. The corresponding rates for the previous day (July 31, 2013) were `61.1150 and `80.9535 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 31, 2013 August 1, 2013 1 GBP 92.9742 92.0550 100
ଜୁଲାଇ 31, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `61.1150 and the Reference Rate for Euro is `80.9535 on July 31, 2013. The corresponding rates for the previous day (July 30, 2013) were `59.8280 and `79.3277 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 30, 2013 July 31, 2013 1 GBP 91.7582 92.9742 100 Y
The Reserve Bank of India’s Reference Rate for the US dollar is `61.1150 and the Reference Rate for Euro is `80.9535 on July 31, 2013. The corresponding rates for the previous day (July 30, 2013) were `59.8280 and `79.3277 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 30, 2013 July 31, 2013 1 GBP 91.7582 92.9742 100 Y
ଜୁଲାଇ 30, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `59.8280 and the Reference Rate for Euro is `79.3277 on July 30, 2013. The corresponding rates for the previous day (July 29, 2013) were `59.2970 and `78.7129 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 29, 2013 July 30, 2013 1 GBP 91.1810 91.7582 100 Y
The Reserve Bank of India’s Reference Rate for the US dollar is `59.8280 and the Reference Rate for Euro is `79.3277 on July 30, 2013. The corresponding rates for the previous day (July 29, 2013) were `59.2970 and `78.7129 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 29, 2013 July 30, 2013 1 GBP 91.1810 91.7582 100 Y
ଜୁଲାଇ 29, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 59.2970 and the Reference Rate for Euro is ` 78.7129 on July 29, 2013. The corresponding rates for the previous day (July 26, 2013) were ` 58.9133 and ` 78.2180 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 26, 2013 July 29, 2013 1 GBP 90.6794 91.1810 1
The Reserve Bank of India’s Reference Rate for the US dollar is ` 59.2970 and the Reference Rate for Euro is ` 78.7129 on July 29, 2013. The corresponding rates for the previous day (July 26, 2013) were ` 58.9133 and ` 78.2180 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 26, 2013 July 29, 2013 1 GBP 90.6794 91.1810 1
ଜୁଲାଇ 26, 2013
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 July 01, 2013 to July 05, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 7/1/2013 1,182 1,655 302 607 110 131 5,892 3,494 353 3,105 1,255 152 7/2/2013 2,707 1,087 263 309
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period July 01, 2013 to July 05, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 7/1/2013 1,182 1,655 302 607 110 131 5,892 3,494 353 3,105 1,255 152 7/2/2013 2,707 1,087 263 309
ଜୁଲାଇ 26, 2013
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 July 08, 2013 to July 12, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 8-7-2013 2,141 1,119 723 399 254 220 7,623 6,488 781 2,453 1,292 42 9-7-2013 2,258 1,273 523 462
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period July 08, 2013 to July 12, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 8-7-2013 2,141 1,119 723 399 254 220 7,623 6,488 781 2,453 1,292 42 9-7-2013 2,258 1,273 523 462
ଜୁଲାଇ 26, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `58.9133 and the Reference Rate for Euro is `78.2180 on July 26, 2013. The corresponding rates for the previous day (July 25, 2013) were `58.9415 and `77.8668 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 25, 2013 July 26, 2013 1 GBP 90.4752 90.6794 100 Y
The Reserve Bank of India’s Reference Rate for the US dollar is `58.9133 and the Reference Rate for Euro is `78.2180 on July 26, 2013. The corresponding rates for the previous day (July 25, 2013) were `58.9415 and `77.8668 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 25, 2013 July 26, 2013 1 GBP 90.4752 90.6794 100 Y
ଜୁଲାଇ 25, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 58.9415 and the Reference Rate for Euro is ` 77.8668 on July 25, 2013. The corresponding rates for the previous day (July 24, 2013) were ` 59.4465 and ` 78.4355 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 24, 2013 July 25, 2013 1 GBP 91.2444 90.4752 1
The Reserve Bank of India’s Reference Rate for the US dollar is ` 58.9415 and the Reference Rate for Euro is ` 77.8668 on July 25, 2013. The corresponding rates for the previous day (July 24, 2013) were ` 59.4465 and ` 78.4355 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 24, 2013 July 25, 2013 1 GBP 91.2444 90.4752 1
ଜୁଲାଇ 24, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `59.4465 and the Reference Rate for Euro is `78.4355 on July 24, 2013. The corresponding rates for the previous day (July 23, 2013) were `59.6875 and `78.6865 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 23, 2013 July 24, 2013 1 GBP 91.6621 91.2444 100 Y
The Reserve Bank of India’s Reference Rate for the US dollar is `59.4465 and the Reference Rate for Euro is `78.4355 on July 24, 2013. The corresponding rates for the previous day (July 23, 2013) were `59.6875 and `78.6865 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 23, 2013 July 24, 2013 1 GBP 91.6621 91.2444 100 Y
ଜୁଲାଇ 23, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `59.6875 and the Reference Rate for Euro is `78.6865 on July 23, 2013. The corresponding rates for the previous day (July 22, 2013) were `59.4080 and `78.1135 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 22, 2013 July 23, 2013 1 GBP 90.7398 91.6621 100 Y
The Reserve Bank of India’s Reference Rate for the US dollar is `59.6875 and the Reference Rate for Euro is `78.6865 on July 23, 2013. The corresponding rates for the previous day (July 22, 2013) were `59.4080 and `78.1135 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 22, 2013 July 23, 2013 1 GBP 90.7398 91.6621 100 Y
ଜୁଲାଇ 22, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 59.4080 and the Reference Rate for Euro is ` 78.1135 on July 22, 2013. The corresponding rates for the previous day (July 19, 2013) were ` 59.7950 and ` 78.5222 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 19, 2013 July 22, 2013 1 GBP 91.0319 90.7398 1
The Reserve Bank of India’s Reference Rate for the US dollar is ` 59.4080 and the Reference Rate for Euro is ` 78.1135 on July 22, 2013. The corresponding rates for the previous day (July 19, 2013) were ` 59.7950 and ` 78.5222 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 19, 2013 July 22, 2013 1 GBP 91.0319 90.7398 1
ଜୁଲାଇ 19, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `59.7950 and the Reference Rate for Euro is `78.5222 on July 19, 2013. The corresponding rates for the previous day (July 18, 2013) were `59.7120 and `78.2195 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 18, 2013 July 19, 2013 1 GBP 90.5891 91.0319 100 Y
The Reserve Bank of India’s Reference Rate for the US dollar is `59.7950 and the Reference Rate for Euro is `78.5222 on July 19, 2013. The corresponding rates for the previous day (July 18, 2013) were `59.7120 and `78.2195 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 18, 2013 July 19, 2013 1 GBP 90.5891 91.0319 100 Y
ଜୁଲାଇ 18, 2013
Investment by FIIs under PIS - Removal from Ban List : M/s Shriram City Union Finance Ltd
The Reserve Bank of India today notified that M/s Shriram City Union Finance Ltd. has passed resolutions at the board of directors' level and a special resolution by the shareholders agreeing, to enhance the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs) through primary market and stock exchanges up to 74 per cent of its paid up capital, under the Portfolio Investment Scheme (PIS). Further, the Reserve Bank
The Reserve Bank of India today notified that M/s Shriram City Union Finance Ltd. has passed resolutions at the board of directors' level and a special resolution by the shareholders agreeing, to enhance the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs) through primary market and stock exchanges up to 74 per cent of its paid up capital, under the Portfolio Investment Scheme (PIS). Further, the Reserve Bank
ଜୁଲାଇ 18, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `59.7120 and the Reference Rate for Euro is `78.2195 on July 18, 2013. The corresponding rates for the previous day (July 17, 2013) were `59.3623 and `77.9875 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 17, 2013 July 18, 2013 1 GBP 89.6905 90.5891 100 Y
The Reserve Bank of India’s Reference Rate for the US dollar is `59.7120 and the Reference Rate for Euro is `78.2195 on July 18, 2013. The corresponding rates for the previous day (July 17, 2013) were `59.3623 and `77.9875 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 17, 2013 July 18, 2013 1 GBP 89.6905 90.5891 100 Y
ଜୁଲାଇ 17, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 59.3623 and the Reference Rate for Euro is ` 77.9875 on July 17, 2013. The corresponding rates for the previous day (July 16, 2013) were ` 59.3925 and ` 77.7250 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 16, 2013 July 17, 2013 1 GBP 89.8965 89.6905 1
The Reserve Bank of India’s Reference Rate for the US dollar is ` 59.3623 and the Reference Rate for Euro is ` 77.9875 on July 17, 2013. The corresponding rates for the previous day (July 16, 2013) were ` 59.3925 and ` 77.7250 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 16, 2013 July 17, 2013 1 GBP 89.8965 89.6905 1
ଜୁଲାଇ 16, 2013
Investment by NRIs/PIOs under PIS - Removal from Ban List : M/s Parekh Aluminex Limited
The Reserve Bank of India today notified that M/s Parekh Aluminex Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, to enhance the limit for purchase of its equity shares and convertible debentures by NRIs/PIOs through primary market and stock exchanges up to 24 per cent of its paid up capital, under the Portfolio Investment Scheme (PIS). Further the Reserve Bank of India has advised that the foreign share ho
The Reserve Bank of India today notified that M/s Parekh Aluminex Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, to enhance the limit for purchase of its equity shares and convertible debentures by NRIs/PIOs through primary market and stock exchanges up to 24 per cent of its paid up capital, under the Portfolio Investment Scheme (PIS). Further the Reserve Bank of India has advised that the foreign share ho
ଜୁଲାଇ 16, 2013
Investment by FIIs under PIS - Incorporation in Ban List : M/s Shriram City Union Finance Ltd
The Reserve Bank of India today notified that M/s Shriram City Union Finance Ltd. has crossed the overall limit of 24 per cent of its paid-up capital. Therefore, no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of Foreign Institutional Investors. Sabeeta Badkar Assistant Manager Press Release : 2013-2014/108
The Reserve Bank of India today notified that M/s Shriram City Union Finance Ltd. has crossed the overall limit of 24 per cent of its paid-up capital. Therefore, no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of Foreign Institutional Investors. Sabeeta Badkar Assistant Manager Press Release : 2013-2014/108
ଜୁଲାଇ 16, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `59.3925 and the Reference Rate for Euro is `77.7250 on July 16, 2013. The corresponding rates for the previous day (July 15, 2013) were `60.0510 and `78.4705 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 15, 2013 July 16, 2013 1 GBP 90.7130 89.8965 100 Y
The Reserve Bank of India’s Reference Rate for the US dollar is `59.3925 and the Reference Rate for Euro is `77.7250 on July 16, 2013. The corresponding rates for the previous day (July 15, 2013) were `60.0510 and `78.4705 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 15, 2013 July 16, 2013 1 GBP 90.7130 89.8965 100 Y
ଜୁଲାଇ 15, 2013
RBI announces Measures to address Exchange Rate Volatility
The market perception of likely tapering of US Quantitative Easing has triggered outflows of portfolio investment, particularly from the debt segment. Consequently, the Rupee has depreciated markedly in the last six weeks. Countries with large current account deficits, such as India, have been particularly affected despite their relatively promising economic fundamentals. The exchange rate pressure also evidences that the demand for foreign currency has increased vis-
The market perception of likely tapering of US Quantitative Easing has triggered outflows of portfolio investment, particularly from the debt segment. Consequently, the Rupee has depreciated markedly in the last six weeks. Countries with large current account deficits, such as India, have been particularly affected despite their relatively promising economic fundamentals. The exchange rate pressure also evidences that the demand for foreign currency has increased vis-
ଜୁଲାଇ 15, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.0510 and the Reference Rate for Euro is ` 78.4705 on July 15, 2013. The corresponding rates for the previous day (July 12, 2013) were ` 59.8960 and ` 78.3241 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 12, 2013 July 15, 2013 1 GBP 90.8802 90.7130 1
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.0510 and the Reference Rate for Euro is ` 78.4705 on July 15, 2013. The corresponding rates for the previous day (July 12, 2013) were ` 59.8960 and ` 78.3241 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 12, 2013 July 15, 2013 1 GBP 90.8802 90.7130 1
ଜୁଲାଇ 12, 2013
Overseas Direct Investment for June 2013
The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of June 2013. Ajit Prasad Assistant General Manager Press Release : 2013-2014/90
The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of June 2013. Ajit Prasad Assistant General Manager Press Release : 2013-2014/90
ଜୁଲାଇ 12, 2013
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 June 17, 2013 to June 21, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 6/17/2013 2,436 798 663 399 76 53 6,863 6,540 349 3,043 1,532 75 6/18/2013 2,170 1,225 607 198 52
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period June 17, 2013 to June 21, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 6/17/2013 2,436 798 663 399 76 53 6,863 6,540 349 3,043 1,532 75 6/18/2013 2,170 1,225 607 198 52
ଜୁଲାଇ 12, 2013
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 June 24, 2013 to June 28, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 6/24/2013 2,371 1,058 608 1,123 201 233 6,632 5,787 327 4,417 1,262 73 6/25/2013 2,547 1,413 1,67
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period June 24, 2013 to June 28, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 6/24/2013 2,371 1,058 608 1,123 201 233 6,632 5,787 327 4,417 1,262 73 6/25/2013 2,547 1,413 1,67
ଜୁଲାଇ 12, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 59.8960 and the Reference Rate for Euro is ` 78.3241 on July 12, 2013. The corresponding rates for the previous day (July 11, 2013) were ` 59.6420 and ` 77.9850 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 11, 2013 July 12, 2013 1 GBP 90.1370 90.8802 1
The Reserve Bank of India’s Reference Rate for the US dollar is ` 59.8960 and the Reference Rate for Euro is ` 78.3241 on July 12, 2013. The corresponding rates for the previous day (July 11, 2013) were ` 59.6420 and ` 77.9850 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 11, 2013 July 12, 2013 1 GBP 90.1370 90.8802 1
ଜୁଲାଇ 11, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `59.6420 and the Reference Rate for Euro is `77.9850 on July 11, 2013. The corresponding rates for the previous day (July 10, 2013) were `60.1330 and `76.8915 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 10, 2013 July 11, 2013 1 GBP 89.5200 90.1370 100 Y
The Reserve Bank of India’s Reference Rate for the US dollar is `59.6420 and the Reference Rate for Euro is `77.9850 on July 11, 2013. The corresponding rates for the previous day (July 10, 2013) were `60.1330 and `76.8915 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 10, 2013 July 11, 2013 1 GBP 89.5200 90.1370 100 Y
ଜୁଲାଇ 10, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.1330 and the Reference Rate for Euro is ` 76.8915 on July 10, 2013. The corresponding rates for the previous day (July 09, 2013) were ` 60.0745 and ` 77.4330 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 09, 2013 July 10, 2013 1 GBP 89.9075 89.5200 1
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.1330 and the Reference Rate for Euro is ` 76.8915 on July 10, 2013. The corresponding rates for the previous day (July 09, 2013) were ` 60.0745 and ` 77.4330 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 09, 2013 July 10, 2013 1 GBP 89.9075 89.5200 1
ଜୁଲାଇ 09, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `60.0745 and the Reference Rate for Euro is `77.4330 on July 09, 2013. The corresponding rates for the previous day (July 08, 2013) were `61.0455 and `78.2746 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 08, 2013 July 09, 2013 1 GBP 90.8906 89.9075 100 Y
The Reserve Bank of India’s Reference Rate for the US dollar is `60.0745 and the Reference Rate for Euro is `77.4330 on July 09, 2013. The corresponding rates for the previous day (July 08, 2013) were `61.0455 and `78.2746 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 08, 2013 July 09, 2013 1 GBP 90.8906 89.9075 100 Y
ଜୁଲାଇ 08, 2013
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 May 13, 2013 to May 17, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 5/13/2013 2,418 1,868 502 554 184 128 8,326 6,581 548 3,306 1,137 139 5/14/2013 2,639 985 369 365 1
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period May 13, 2013 to May 17, 2013. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 5/13/2013 2,418 1,868 502 554 184 128 8,326 6,581 548 3,306 1,137 139 5/14/2013 2,639 985 369 365 1
ଜୁଲାଇ 08, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 61.0455 and the Reference Rate for Euro is ` 78.2746 on July 08, 2013. The corresponding rates for the previous day (July 05, 2013) were ` 60.3395 and ` 77.8085 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 05, 2013 July 08, 2013 1 GBP 90.7868 90.8906 1
The Reserve Bank of India’s Reference Rate for the US dollar is ` 61.0455 and the Reference Rate for Euro is ` 78.2746 on July 08, 2013. The corresponding rates for the previous day (July 05, 2013) were ` 60.3395 and ` 77.8085 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 05, 2013 July 08, 2013 1 GBP 90.7868 90.8906 1
ଜୁଲାଇ 05, 2013
Investment by FIIs under PIS - Removal from the Ban List : M/s Modi Naturals Limited (Anil Modi Oil Industries Ltd.)
The Reserve Bank of India has today notified that the aggregate share holdings in M/s Modi Naturals Limited (Anil Modi Oil Industries Ltd.) by Foreign Institutional Investors (FIIs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed threshold ban limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company is withdrawn with immediate effect. Ajit Prasad Assistant General Manager Pre
The Reserve Bank of India has today notified that the aggregate share holdings in M/s Modi Naturals Limited (Anil Modi Oil Industries Ltd.) by Foreign Institutional Investors (FIIs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed threshold ban limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company is withdrawn with immediate effect. Ajit Prasad Assistant General Manager Pre
ଜୁଲାଇ 05, 2013
Data on ECB / FCCB for May 2013
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 May 2013. Ajit Prasad Assistant General Manager Press Release : 2013-2014/40
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 May 2013. Ajit Prasad Assistant General Manager Press Release : 2013-2014/40
ଜୁଲାଇ 05, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.3395 and the Reference Rate for Euro is ` 77.8085 on July 05, 2013. The corresponding rates for the previous day (July 04, 2013) were ` 60.0905 and ` 78.0787 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 04, 2013 July 05, 2013 1 GBP 91.5779 90.7868 1
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.3395 and the Reference Rate for Euro is ` 77.8085 on July 05, 2013. The corresponding rates for the previous day (July 04, 2013) were ` 60.0905 and ` 78.0787 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 04, 2013 July 05, 2013 1 GBP 91.5779 90.7868 1
ଜୁଲାଇ 04, 2013
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.0905 and the Reference Rate for Euro is ` 78.0787 on July 04, 2013. The corresponding rates for the previous day (July 03, 2013) were ` 60.1005 and ` 77.9505 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 03, 2013 July 04, 2013 1 GBP 91.0703 91.5779 1
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.0905 and the Reference Rate for Euro is ` 78.0787 on July 04, 2013. The corresponding rates for the previous day (July 03, 2013) were ` 60.1005 and ` 77.9505 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date July 03, 2013 July 04, 2013 1 GBP 91.0703 91.5779 1
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