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Foreign Exchange Management Act Announcement
Press Releases
ଅଗଷ୍ଟ 02, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.7765 and the Reference Rate for Euro is `68.3157 on August 2, 2012. The corresponding rates for the previous day (August 1, 2012) were `55.4825 and `68.3080 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: Date Currency 1 GBP 100 JPY August 1, 2012 86.9411 71.01 August 2, 2012
The Reserve Bank of India’s Reference Rate for the US dollar is `55.7765 and the Reference Rate for Euro is `68.3157 on August 2, 2012. The corresponding rates for the previous day (August 1, 2012) were `55.4825 and `68.3080 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: Date Currency 1 GBP 100 JPY August 1, 2012 86.9411 71.01 August 2, 2012
ପିଡିଏଫ (
ଅଗଷ୍ଟ 01, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.4825 and the Reference Rate for Euro is `68.3080 on August 1, 2012. The corresponding rates for the previous day (July 31, 2012) were `55.8070 and `68.4520 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: Date Currency 1 GBP 100 JPY July 31, 2012 87.6672 71.35 August 1, 2012 8
The Reserve Bank of India’s Reference Rate for the US dollar is `55.4825 and the Reference Rate for Euro is `68.3080 on August 1, 2012. The corresponding rates for the previous day (July 31, 2012) were `55.8070 and `68.4520 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: Date Currency 1 GBP 100 JPY July 31, 2012 87.6672 71.35 August 1, 2012 8
ଜୁଲାଇ 31, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.8070 and the Reference Rate for Euro is `68.4520 on July 31, 2012. The corresponding rates for the previous day (July 30, 2012) were `55.4428 and `68.1465 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: Date Currency 1 GBP 100 JPY July 30, 2012 87.1228 70.74 July 31, 2012 87.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.8070 and the Reference Rate for Euro is `68.4520 on July 31, 2012. The corresponding rates for the previous day (July 30, 2012) were `55.4428 and `68.1465 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: Date Currency 1 GBP 100 JPY July 30, 2012 87.1228 70.74 July 31, 2012 87.
ଜୁଲାଇ 31, 2012
Further Relaxations to Exchange Earners, Exporters and AD Category-I Banks
Reserve Bank of India has reviewed the extant guidelines governing Exchange Earner’s Foreign Currency (EEFC) Accounts, cancellation and rebooking of forward contracts booked by the exporters and the Net Overnight Open Position Limit (NOOPL) of the Authorised Dealer Category-I Banks. In order to provide operational flexibility to exchange earners/ exporters and AD Category-I banks, it has been decided: To restore the erstwhile stipulation of allowing credit of 100 perc
Reserve Bank of India has reviewed the extant guidelines governing Exchange Earner’s Foreign Currency (EEFC) Accounts, cancellation and rebooking of forward contracts booked by the exporters and the Net Overnight Open Position Limit (NOOPL) of the Authorised Dealer Category-I Banks. In order to provide operational flexibility to exchange earners/ exporters and AD Category-I banks, it has been decided: To restore the erstwhile stipulation of allowing credit of 100 perc
ଜୁଲାଇ 30, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.4428 and the Reference Rate for Euro is `68.1465 on July 30, 2012. The corresponding rates for the previous day (July 27, 2012) were `55.4130 and `68.1010 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: Date Currency 1 GBP 100 JPY July 27, 2012 86.9319 70.84 July 30, 2012 87.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.4428 and the Reference Rate for Euro is `68.1465 on July 30, 2012. The corresponding rates for the previous day (July 27, 2012) were `55.4130 and `68.1010 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: Date Currency 1 GBP 100 JPY July 27, 2012 86.9319 70.84 July 30, 2012 87.
ଜୁଲାଇ 27, 2012
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 9, 2012 to July 13, 2012. 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 7/9/2012 2,055 1,391 447 427 207 217 5,656 6,199 445 3,671 921 27 7/10/2012 1,942 974 538 417 206
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period July 9, 2012 to July 13, 2012. 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 7/9/2012 2,055 1,391 447 427 207 217 5,656 6,199 445 3,671 921 27 7/10/2012 1,942 974 538 417 206
ଜୁଲାଇ 27, 2012
Investment by FIIs under PIS : M/s The Phoenix Mills Limited
The Reserve Bank of India today notified that M/s The Phoenix Mills 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 Foreign Institutional Investors (FIIs), through primary market and stock exchanges, under the Portfolio Investment Scheme up to 100 per cent of its paid up capital. Ajit Prasad Assistant General Manager Press
The Reserve Bank of India today notified that M/s The Phoenix Mills 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 Foreign Institutional Investors (FIIs), through primary market and stock exchanges, under the Portfolio Investment Scheme up to 100 per cent of its paid up capital. Ajit Prasad Assistant General Manager Press
ଜୁଲାଇ 27, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.4130 and the Reference Rate for Euro is `68.1010 on July 27, 2012. The corresponding rates for the previous day (July 26, 2012) were `55.9480 and `67.9535 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: Date Currency 1 GBP 100 JPY July 26, 2012 86.5572 71.56 July 27, 2012 86.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.4130 and the Reference Rate for Euro is `68.1010 on July 27, 2012. The corresponding rates for the previous day (July 26, 2012) were `55.9480 and `67.9535 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: Date Currency 1 GBP 100 JPY July 26, 2012 86.5572 71.56 July 27, 2012 86.
ଜୁଲାଇ 26, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.9480 and the Reference Rate for Euro is `67.9535 on July 26, 2012. The corresponding rates for the previous day (July 25, 2012) were `56.3755 and `68.0455 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: Date Currency 1 GBP 100 JPY July 25, 2012 87.4440 72.12 July 26, 2012 86.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.9480 and the Reference Rate for Euro is `67.9535 on July 26, 2012. The corresponding rates for the previous day (July 25, 2012) were `56.3755 and `68.0455 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: Date Currency 1 GBP 100 JPY July 25, 2012 87.4440 72.12 July 26, 2012 86.
ଜୁଲାଇ 25, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `56.3755 and the Reference Rate for Euro is `68.0455 on July 25, 2012. The corresponding rates for the previous day (July 24, 2012) were `56.0150 and `67.8361 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: Date Currency 1 GBP 100 JPY July 24, 2012 86.8905 71.58 July 25, 2012 87.
The Reserve Bank of India’s Reference Rate for the US dollar is `56.3755 and the Reference Rate for Euro is `68.0455 on July 25, 2012. The corresponding rates for the previous day (July 24, 2012) were `56.0150 and `67.8361 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: Date Currency 1 GBP 100 JPY July 24, 2012 86.8905 71.58 July 25, 2012 87.
ଜୁଲାଇ 24, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `56.0150 and the Reference Rate for Euro is `67.8361 on July 24, 2012. The corresponding rates for the previous day (July 23, 2012) were `55.7643 and `67.4328 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: Date Currency 1 GBP 100 JPY July 23, 2012 86.7971 71.42 July 24, 2012 86.
The Reserve Bank of India’s Reference Rate for the US dollar is `56.0150 and the Reference Rate for Euro is `67.8361 on July 24, 2012. The corresponding rates for the previous day (July 23, 2012) were `55.7643 and `67.4328 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: Date Currency 1 GBP 100 JPY July 23, 2012 86.7971 71.42 July 24, 2012 86.
ଜୁଲାଇ 23, 2012
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 2, 2012 to July 6, 2012. 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 7/2/2012 1,269 755 358 231 89 68 4,061 3,836 1,024 2,706 747 172 7/3/2012 3,152 1,063 566 412 51 65
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period July 2, 2012 to July 6, 2012. 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 7/2/2012 1,269 755 358 231 89 68 4,061 3,836 1,024 2,706 747 172 7/3/2012 3,152 1,063 566 412 51 65
ଜୁଲାଇ 23, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.7643 and the Reference Rate for Euro is `67.4328 on July 23, 2012. The corresponding rates for the previous day (July 20, 2012) were `55.1515 and `67.6030 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: Date Currency 1 GBP 100 JPY July 20, 2012 86.5768 70.22 July 23, 2012 86.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.7643 and the Reference Rate for Euro is `67.4328 on July 23, 2012. The corresponding rates for the previous day (July 20, 2012) were `55.1515 and `67.6030 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: Date Currency 1 GBP 100 JPY July 20, 2012 86.5768 70.22 July 23, 2012 86.
ଜୁଲାଇ 20, 2012
Investment by FIIs under PIS : Mindtree Limited
The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in Mindtree Limited by Foreign Institutional Investors (FIIs) in the primary/secondary markets under Portfolio Investment Scheme (PIS) have reached the trigger limit. Therefore, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India. Ajit Prasad Assistant General Manager Press Release: 2012-2013/11
The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in Mindtree Limited by Foreign Institutional Investors (FIIs) in the primary/secondary markets under Portfolio Investment Scheme (PIS) have reached the trigger limit. Therefore, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India. Ajit Prasad Assistant General Manager Press Release: 2012-2013/11
ଜୁଲାଇ 20, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.1515 and the Reference Rate for Euro is `67.6030 on July 20, 2012. The corresponding rates for the previous day (July 19, 2012) were `55.3830 and `68.0639 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: Date Currency 1 GBP 100 JPY July 19, 2012 86.7464 70.47 July 20, 2012 86.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.1515 and the Reference Rate for Euro is `67.6030 on July 20, 2012. The corresponding rates for the previous day (July 19, 2012) were `55.3830 and `68.0639 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: Date Currency 1 GBP 100 JPY July 19, 2012 86.7464 70.47 July 20, 2012 86.
ଜୁଲାଇ 19, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.3830 and the Reference Rate for Euro is `68.0639 on July 19, 2012. The corresponding rates for the previous day (July 18, 2012) were `55.3395 and `67.9540 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: Date Currency 1 GBP 100 JPY July 18, 2012 86.5510 70.05 July 19, 2012 86.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.3830 and the Reference Rate for Euro is `68.0639 on July 19, 2012. The corresponding rates for the previous day (July 18, 2012) were `55.3395 and `67.9540 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: Date Currency 1 GBP 100 JPY July 18, 2012 86.5510 70.05 July 19, 2012 86.
ଜୁଲାଇ 18, 2012
Overseas Direct Investment for June 2012
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 2012. Ajit Prasad Assistant General Manager Press Release: 2012-2013/97
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 2012. Ajit Prasad Assistant General Manager Press Release: 2012-2013/97
ଜୁଲାଇ 18, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.3395 and the Reference Rate for Euro is `67.9540 on July 18, 2012. The corresponding rates for the previous day (July 17, 2012) were `55.1455 and `67.7260 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: Date Currency 1 GBP 100 JPY July 17, 2012 86.2972 69.88 July 18, 2012 86.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.3395 and the Reference Rate for Euro is `67.9540 on July 18, 2012. The corresponding rates for the previous day (July 17, 2012) were `55.1455 and `67.7260 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: Date Currency 1 GBP 100 JPY July 17, 2012 86.2972 69.88 July 18, 2012 86.
ଜୁଲାଇ 17, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.1455 and the Reference Rate for Euro is `67.7260 on July 17, 2012. The corresponding rates for the previous day (July 16, 2012) were `54.9180 and `67.1525 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: Date Currency 1 GBP 100 JPY July 16, 2012 85.4689 69.51 July 17, 2012 86.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.1455 and the Reference Rate for Euro is `67.7260 on July 17, 2012. The corresponding rates for the previous day (July 16, 2012) were `54.9180 and `67.1525 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: Date Currency 1 GBP 100 JPY July 16, 2012 85.4689 69.51 July 17, 2012 86.
ଜୁଲାଇ 16, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `54.9180 and the Reference Rate for Euro is `67.1525 on July 16, 2012. The corresponding rates for the previous day (July 13, 2012) were `55.6560 and `67.8783 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: Date Currency 1 GBP 100 JPY July 13, 2012 85.8883 70.26 July 16, 2012 85.
The Reserve Bank of India’s Reference Rate for the US dollar is `54.9180 and the Reference Rate for Euro is `67.1525 on July 16, 2012. The corresponding rates for the previous day (July 13, 2012) were `55.6560 and `67.8783 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: Date Currency 1 GBP 100 JPY July 13, 2012 85.8883 70.26 July 16, 2012 85.
ଜୁଲାଇ 13, 2012
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 25, 2012 to June 29, 2012. 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 6/25/2012 2,690 1,248 1,035 419 615 617 6,688 6,916 821 2,946 1,146 148 6/26/2012 2,300 1,015 1,0
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period June 25, 2012 to June 29, 2012. 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 6/25/2012 2,690 1,248 1,035 419 615 617 6,688 6,916 821 2,946 1,146 148 6/26/2012 2,300 1,015 1,0
ଜୁଲାଇ 13, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.6560 and the Reference Rate for Euro is `67.8783 on July 13, 2012. The corresponding rates for the previous day (July 12, 2012) were `55.6985 and `68.1465 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: Date Currency 1 GBP 100 JPY July 12, 2012 86.2825 70.11 July 13, 2012 85.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.6560 and the Reference Rate for Euro is `67.8783 on July 13, 2012. The corresponding rates for the previous day (July 12, 2012) were `55.6985 and `68.1465 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: Date Currency 1 GBP 100 JPY July 12, 2012 86.2825 70.11 July 13, 2012 85.
ଜୁଲାଇ 12, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.6985 and the Reference Rate for Euro is `68.1465 on July 12, 2012. The corresponding rates for the previous day (July 11, 2012) were `55.3650 and `67.8730 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: Date Currency 1 GBP 100 JPY July 11, 2012 85.9486 69.82 July 12, 2012 86.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.6985 and the Reference Rate for Euro is `68.1465 on July 12, 2012. The corresponding rates for the previous day (July 11, 2012) were `55.3650 and `67.8730 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: Date Currency 1 GBP 100 JPY July 11, 2012 85.9486 69.82 July 12, 2012 86.
ଜୁଲାଇ 11, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.3650 and the Reference Rate for Euro is `67.8730 on July 11, 2012. The corresponding rates for the previous day (July 10, 2012) were `55.8055 and `68.5845 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: Date Currency 1 GBP 100 JPY July 10, 2012 86.5320 70.22 July 11, 2012 85.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.3650 and the Reference Rate for Euro is `67.8730 on July 11, 2012. The corresponding rates for the previous day (July 10, 2012) were `55.8055 and `68.5845 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: Date Currency 1 GBP 100 JPY July 10, 2012 86.5320 70.22 July 11, 2012 85.
ଜୁଲାଇ 10, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.8055 and the Reference Rate for Euro is `68.5845 on July 10, 2012. The corresponding rates for the previous day (July 9, 2012) were `56.0215 and `68.8275 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: Date Currency 1 GBP 100 JPY July 9, 2012 86.7773 70.32 July 10, 2012 86.53
The Reserve Bank of India’s Reference Rate for the US dollar is `55.8055 and the Reference Rate for Euro is `68.5845 on July 10, 2012. The corresponding rates for the previous day (July 9, 2012) were `56.0215 and `68.8275 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: Date Currency 1 GBP 100 JPY July 9, 2012 86.7773 70.32 July 10, 2012 86.53
ଜୁଲାଇ 09, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `56.0215 and the Reference Rate for Euro is `68.8275 on July 9, 2012. The corresponding rates for the previous day (July 6, 2012) were `55.4150 and `68.6085 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: Date Currency 1 GBP 100 JPY July 6, 2012 86.0429 69.39 July 9, 2012 86.7773
The Reserve Bank of India’s Reference Rate for the US dollar is `56.0215 and the Reference Rate for Euro is `68.8275 on July 9, 2012. The corresponding rates for the previous day (July 6, 2012) were `55.4150 and `68.6085 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: Date Currency 1 GBP 100 JPY July 6, 2012 86.0429 69.39 July 9, 2012 86.7773
ଜୁଲାଇ 06, 2012
Data on ECB/FCCB for May 2012
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 2012. Ajit Prasad Assistant General Manager Press Release: 2012-2013/32
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 2012. Ajit Prasad Assistant General Manager Press Release: 2012-2013/32
ଜୁଲାଇ 06, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.4150 and the Reference Rate for Euro is `68.6085 on July 6, 2012. The corresponding rates for the previous day (July 5, 2012) were `55.0250 and `68.9660 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: Date Currency 1 GBP 100 JPY July 5, 2012 85.9325 69.06 July 6, 2012 86.0429
The Reserve Bank of India’s Reference Rate for the US dollar is `55.4150 and the Reference Rate for Euro is `68.6085 on July 6, 2012. The corresponding rates for the previous day (July 5, 2012) were `55.0250 and `68.9660 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: Date Currency 1 GBP 100 JPY July 5, 2012 85.9325 69.06 July 6, 2012 86.0429
ଜୁଲାଇ 06, 2012
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 18, 2012 to June 22, 2012. 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 6/18/2012 2,111 955 607 273 519 519 6,903 7,718 906 4,931 967 121 6/19/2012 1,669 1,161 444 191 5
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period June 18, 2012 to June 22, 2012. 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 6/18/2012 2,111 955 607 273 519 519 6,903 7,718 906 4,931 967 121 6/19/2012 1,669 1,161 444 191 5
ଜୁଲାଇ 05, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.0250 and the Reference Rate for Euro is `68.9660 on July 5, 2012. The corresponding rates for the previous day (July 4, 2012) were `54.5525 and `68.7020 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: Date Currency 1 GBP 100 JPY July 4, 2012 85.4783 68.40 July 5, 2012 85.9325
The Reserve Bank of India’s Reference Rate for the US dollar is `55.0250 and the Reference Rate for Euro is `68.9660 on July 5, 2012. The corresponding rates for the previous day (July 4, 2012) were `54.5525 and `68.7020 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: Date Currency 1 GBP 100 JPY July 4, 2012 85.4783 68.40 July 5, 2012 85.9325
ଜୁଲାଇ 04, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `54.5525 and the Reference Rate for Euro is `68.7020 on July 4, 2012. The corresponding rates for the previous day (July 3, 2012) were `54.8125 and `69.0615 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: Date Currency 1 GBP 100 JPY July 3, 2012 86.0392 68.71 July 4, 2012 85.4783
The Reserve Bank of India’s Reference Rate for the US dollar is `54.5525 and the Reference Rate for Euro is `68.7020 on July 4, 2012. The corresponding rates for the previous day (July 3, 2012) were `54.8125 and `69.0615 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: Date Currency 1 GBP 100 JPY July 3, 2012 86.0392 68.71 July 4, 2012 85.4783
ଜୁଲାଇ 03, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `54.8125 and the Reference Rate for Euro is `69.0615 on July 3, 2012. The corresponding rates for the previous day (July 2, 2012) were `55.8300 and `70.4295 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: Date Currency 1 GBP 100 JPY July 2, 2012 87.4074 70.15 July 3, 2012 86.0392
The Reserve Bank of India’s Reference Rate for the US dollar is `54.8125 and the Reference Rate for Euro is `69.0615 on July 3, 2012. The corresponding rates for the previous day (July 2, 2012) were `55.8300 and `70.4295 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: Date Currency 1 GBP 100 JPY July 2, 2012 87.4074 70.15 July 3, 2012 86.0392
ଜୁଲାଇ 02, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.8300 and the Reference Rate for Euro is `70.4295 on July 2, 2012. The corresponding rates for the previous day (June 29, 2012) were `56.3090 and `70.9080 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: Date Currency 1 GBP 100 JPY June 29, 2012 88.0616 70.90 July 2, 2012 87.40
The Reserve Bank of India’s Reference Rate for the US dollar is `55.8300 and the Reference Rate for Euro is `70.4295 on July 2, 2012. The corresponding rates for the previous day (June 29, 2012) were `56.3090 and `70.9080 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: Date Currency 1 GBP 100 JPY June 29, 2012 88.0616 70.90 July 2, 2012 87.40
ଜୁନ 29, 2012
India’s Quarterly International Investment Position (IIP) for March 2012:
International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (a) financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets; and (b) liabilities of residents of an economy to non-residents. The difference between an economy's external financial assets and liabilities is its net IIP, which may be positive or negative. Such balance sheet analy
International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (a) financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets; and (b) liabilities of residents of an economy to non-residents. The difference between an economy's external financial assets and liabilities is its net IIP, which may be positive or negative. Such balance sheet analy
ଜୁନ 29, 2012
India’s External Debt as at the end of March 2012
As per the standard practice, India's external debt statistics for the quarters ending March and June are released by the Reserve Bank of India and those for the quarters ending September and December by the Ministry of Finance, Government of India. The external debt data are released with a lag of one quarter. The external debt data, as compiled in the standard format, as at end-March 2012 in Rupees and US dollar terms and revised data for the earlier quarters are se
As per the standard practice, India's external debt statistics for the quarters ending March and June are released by the Reserve Bank of India and those for the quarters ending September and December by the Ministry of Finance, Government of India. The external debt data are released with a lag of one quarter. The external debt data, as compiled in the standard format, as at end-March 2012 in Rupees and US dollar terms and revised data for the earlier quarters are se
ଜୁନ 29, 2012
Sources of Variation in Foreign Exchange Reserves in India during 2011-12
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for Q4 of 2011-12 (January-March 2012) on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during 2011-12 (April-March) have been compiled. Sources of Variation in Foreign Exchange Reserves: 2011-12 (April-March) During 2011-12, there was a decline in the foreign exchange reserves. The sources of variation in the foreign e
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for Q4 of 2011-12 (January-March 2012) on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during 2011-12 (April-March) have been compiled. Sources of Variation in Foreign Exchange Reserves: 2011-12 (April-March) During 2011-12, there was a decline in the foreign exchange reserves. The sources of variation in the foreign e
ଜୁନ 29, 2012
Developments in India's Balance of Payments during the Fourth Quarter (January-March) of 2011-12
Preliminary data on India’s balance of payments (BoP) for the fourth quarter (Q4), i.e., January-March, of the financial year 2011-12, are now available. They are set out in Statement I in the revised format as recommended by IMF in its Sixth Edition of BoP Manual. These data as per the old format are also given in Statement II. Highlights of BoP during January-March (Q4) of 2011-12 The stress witnessed in India’s BoP in Q3 continued during Q4 of 2011-12 as well due t
Preliminary data on India’s balance of payments (BoP) for the fourth quarter (Q4), i.e., January-March, of the financial year 2011-12, are now available. They are set out in Statement I in the revised format as recommended by IMF in its Sixth Edition of BoP Manual. These data as per the old format are also given in Statement II. Highlights of BoP during January-March (Q4) of 2011-12 The stress witnessed in India’s BoP in Q3 continued during Q4 of 2011-12 as well due t
ଜୁନ 29, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `56.3090 and the Reference Rate for Euro is `70.9080 on June 29 2012. The corresponding rates for the previous day (June 28, 2012) were `56.9195 and `71.2483 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: Date Currency 1 GBP 100 JPY June 28, 2012 88.9054 71.68 June 29, 2012 88.0
The Reserve Bank of India’s Reference Rate for the US dollar is `56.3090 and the Reference Rate for Euro is `70.9080 on June 29 2012. The corresponding rates for the previous day (June 28, 2012) were `56.9195 and `71.2483 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: Date Currency 1 GBP 100 JPY June 28, 2012 88.9054 71.68 June 29, 2012 88.0
ଜୁନ 29, 2012
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 11, 2012 to June 15, 2012. 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 6/11/2012 2,397 799 564 537 318 232 6,031 6,582 557 3,835 1,031 95 6/12/2012 1,852 968 442 217 21
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period June 11, 2012 to June 15, 2012. 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 6/11/2012 2,397 799 564 537 318 232 6,031 6,582 557 3,835 1,031 95 6/12/2012 1,852 968 442 217 21
ଜୁନ 28, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `56.9195 and the Reference Rate for Euro is `71.2483 on June 28 2012. The corresponding rates for the previous day (June 27, 2012) were `57.2165 and `71.4625 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: Date Currency 1 GBP 100 JPY June 27, 2012 89.4208 71.93 June 28, 2012 88.9
The Reserve Bank of India’s Reference Rate for the US dollar is `56.9195 and the Reference Rate for Euro is `71.2483 on June 28 2012. The corresponding rates for the previous day (June 27, 2012) were `57.2165 and `71.4625 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: Date Currency 1 GBP 100 JPY June 27, 2012 89.4208 71.93 June 28, 2012 88.9
ଜୁନ 27, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `57.2165 and the Reference Rate for Euro is `71.4625 on June 27 2012. The corresponding rates for the previous day (June 26, 2012) were `57.0728 and `71.4005 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: Date Currency 1 GBP 100 JPY June 26, 2012 88.9594 71.60 June 27, 2012 89.4
The Reserve Bank of India’s Reference Rate for the US dollar is `57.2165 and the Reference Rate for Euro is `71.4625 on June 27 2012. The corresponding rates for the previous day (June 26, 2012) were `57.0728 and `71.4005 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: Date Currency 1 GBP 100 JPY June 26, 2012 88.9594 71.60 June 27, 2012 89.4
ଜୁନ 26, 2012
Investment by FIIs under PIS : M/s. KPIT Cummins Infosystems Limited
The Reserve Bank of India today notified that M/s. KPIT Cummins Infosystems 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 Foreign Institutional Investors (FIIs), through primary market and stock exchanges, under the Portfolio Investment Scheme up to 49 per cent of its paid up capital. Ajit Prasad Assistant General Manager
The Reserve Bank of India today notified that M/s. KPIT Cummins Infosystems 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 Foreign Institutional Investors (FIIs), through primary market and stock exchanges, under the Portfolio Investment Scheme up to 49 per cent of its paid up capital. Ajit Prasad Assistant General Manager
ଜୁନ 26, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `57.0728 and the Reference Rate for Euro is `71.4005 on June 26 2012. The corresponding rates for the previous day (June 25, 2012) were `56.5340 and `70.8308 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: Date Currency 1 GBP 100 JPY June 25, 2012 88.0941 70.55 June 26, 2012 88.9
The Reserve Bank of India’s Reference Rate for the US dollar is `57.0728 and the Reference Rate for Euro is `71.4005 on June 26 2012. The corresponding rates for the previous day (June 25, 2012) were `56.5340 and `70.8308 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: Date Currency 1 GBP 100 JPY June 25, 2012 88.0941 70.55 June 26, 2012 88.9
ଜୁନ 25, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `56.5340 and the Reference Rate for Euro is `70.8308 on June 25 2012. The corresponding rates for the previous day (June 22, 2012) were `56.9928 and `71.5745 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: Date Currency 1 GBP 100 JPY June 22, 2012 88.9743 70.88 June 25, 2012 88.0
The Reserve Bank of India’s Reference Rate for the US dollar is `56.5340 and the Reference Rate for Euro is `70.8308 on June 25 2012. The corresponding rates for the previous day (June 22, 2012) were `56.9928 and `71.5745 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: Date Currency 1 GBP 100 JPY June 22, 2012 88.9743 70.88 June 25, 2012 88.0
ଜୁନ 22, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `56.9928 and the Reference Rate for Euro is `71.5745 on June 22, 2012. The corresponding rates for the previous day (June 21, 2012) were `56.4178 and `71.5215 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: Date Currency 1 GBP 100 JPY June 21, 2012 88.4462 70.85 June 22, 2012 88.
The Reserve Bank of India’s Reference Rate for the US dollar is `56.9928 and the Reference Rate for Euro is `71.5745 on June 22, 2012. The corresponding rates for the previous day (June 21, 2012) were `56.4178 and `71.5215 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: Date Currency 1 GBP 100 JPY June 21, 2012 88.4462 70.85 June 22, 2012 88.
ଜୁନ 22, 2012
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 04, 2012 to June 08, 2012. 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 04-06-2012 1,836 694 382 339 256 86 5,096 7,532 500 2,765 815 182 05-06-2012 1,717 610 550 144 22
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period June 04, 2012 to June 08, 2012. 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 04-06-2012 1,836 694 382 339 256 86 5,096 7,532 500 2,765 815 182 05-06-2012 1,717 610 550 144 22
ଜୁନ 21, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `56.4178 and the Reference Rate for Euro is `71.5215 on June 21, 2012. The corresponding rates for the previous day (June 20, 2012) were `55.8585 and `70.8838 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: Date Currency 1 GBP 100 JPY June 20, 2012 87.9325 70.77 June 21, 2012 88.
The Reserve Bank of India’s Reference Rate for the US dollar is `56.4178 and the Reference Rate for Euro is `71.5215 on June 21, 2012. The corresponding rates for the previous day (June 20, 2012) were `55.8585 and `70.8838 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: Date Currency 1 GBP 100 JPY June 20, 2012 87.9325 70.77 June 21, 2012 88.
ଜୁନ 20, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `55.8585 and the Reference Rate for Euro is `70.8838 on June 20, 2012. The corresponding rates for the previous day (June 19, 2012) were `56.0143 and `70.5436 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: Date Currency 1 GBP 100 JPY June 19, 2012 87.8500 70.92 June 20, 2012 87.
The Reserve Bank of India’s Reference Rate for the US dollar is `55.8585 and the Reference Rate for Euro is `70.8838 on June 20, 2012. The corresponding rates for the previous day (June 19, 2012) were `56.0143 and `70.5436 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: Date Currency 1 GBP 100 JPY June 19, 2012 87.8500 70.92 June 20, 2012 87.
ଜୁନ 19, 2012
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `56.0143 and the Reference Rate for Euro is `70.5436 on June 19, 2012. The corresponding rates for the previous day (June 18, 2012) were `55.5990 and `70.6640 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: Date Currency 1 GBP 100 JPY June 18, 2012 87.3405 70.18 June 19, 2012 87.
The Reserve Bank of India’s Reference Rate for the US dollar is `56.0143 and the Reference Rate for Euro is `70.5436 on June 19, 2012. The corresponding rates for the previous day (June 18, 2012) were `55.5990 and `70.6640 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: Date Currency 1 GBP 100 JPY June 18, 2012 87.3405 70.18 June 19, 2012 87.
ଜୁନ 18, 2012
Export Credit Refinance Facility (ECR) relaxed
With a view to enhancing the credit flow to the export sector, it has been decided to enhance the eligible limit of the Export Credit Refinance (ECR) facility for scheduled banks (excluding RRBs) from 15 per cent of the outstanding export credit eligible for refinance to 50 per cent, effective fortnight beginning June 30, 2012. This will provide additional liquidity support to banks of over `300 billion. The rate of interest charged on the ECR facility will continue t
With a view to enhancing the credit flow to the export sector, it has been decided to enhance the eligible limit of the Export Credit Refinance (ECR) facility for scheduled banks (excluding RRBs) from 15 per cent of the outstanding export credit eligible for refinance to 50 per cent, effective fortnight beginning June 30, 2012. This will provide additional liquidity support to banks of over `300 billion. The rate of interest charged on the ECR facility will continue t
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