The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in M/s Prestige Estate Projects Ltd. has crossed the limit of 24 per cent of its paid up capital. Therefore, no further purchase of shares of this company would be allowed through stock exchanges in India on behalf of FII/RFPIs. Sangeeta Das Director Press Release : 2015-2016/809

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.5540 on October 01, 2015. The corresponding rate for the previous day (September 30, 2015) was ₹ 65.7418. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date September 30, 2015 October 01, 2015 1 EUR 73.7952 73.0796 1 GBP 99.5331 99.1701 100 YEN 54.80 54.54 Note : The SD

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 anal

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 with a lag of one quarter and those for the quarters ending September and December by the Ministry of Finance, Government of India. The external debt data as at end-June 2015 in rupees and US dollars as well as revised data for earlier quarters are set out in Statements 1 and 2, respectively. The major developments relating to

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.7418 on September 30, 2015. The corresponding rate for the previous day (September 29, 2015) was ₹ 66.1843. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date September 29, 2015 September 30, 2015 1 EUR 74.6096 73.7952 1 GBP 100.4611 99.5331 100 YEN 55.42 54.80 Note : T

The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of M/s Eveready Industries India Ltd. under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.1843 on September 29, 2015. The corresponding rate for the previous day (September 28, 2015) was ₹ 66.0805. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date September 28, 2015 September 29, 2015 1 EUR 73.8119 74.6096 1 GBP 100.3168 100.4611 100 YEN 54.92 55.42 Note :

The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 14, 2015 to September 18, 2015. 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 14-09-2015 2,642 800 805 237 136 121 6,945 4,700 184 2,611 1,500 54 15-09-2015 2,252 1,

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.0805 on September 28, 2015. The corresponding rate for the previous day (September 24, 2015) was ₹ 66.0993. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date September 24, 2015 September 28, 2015 1 EUR 73.9585 73.8119 1 GBP 100.8874 100.3168 100 YEN 55.08 54.92 Note :

In connection with the declarations made by persons resident in India under the provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Black Money Act), it is clarified that: No proceedings shall lie under the Foreign Exchange Management Act, 1999 (FEMA) against the declarant with respect to an asset held abroad for which taxes and penalties under the provisions of Black Money Act have been paid. No permission under FEMA