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Mar 13, 2003

Introduction of Foreign currency-Rupee Options

Reserve Bank of IndiaExchange Control DepartmentIntroduction of Foreign currency-Rupee OptionsA draft circular on " Foreign currency-Rupee Options " is annexed herewith. Authorised Dealers may forward their comments to the Chief General Manager, Exchange Control Department. Forex Markets Division, Reserve Bank of India, Central Office, Mumbai 400 001, by FAX (022- 22611427), by 20th March 2003.A.RajalakshmiAsst. General ManagerDraft Circular for Comments Reserve Bank

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Mar 04, 2003

Exim Bank’s Line of Credit of US$ 5 Million to
Seychelles Marketing Board (SMB)
A.P. (DIR Series) Circular No.86 (March 4, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.86March 4, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Exim Bank’s Line of Credit of US$ 5 Millionto Seychelles Marketing Board (SMB) Export-Import Bank of India (Exim Bank) has concluded an agreement with Seychelles Marketing Board on November 25, 2002 making available to the latter, a line of credit (LOC) up to an aggregate sum of USD 5 million (

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Mar 04, 2003

Indo-Cambodia Credit Agreement dated
November 6, 2002 for USD 10 Million
A.P.(DIR Series) Circular No.85 (March 4, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai - 400 001A.P.(DIR Series) Circular No.85March 4, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Indo-Cambodia Credit Agreement dated November 6, 2002 for USD 10 Million The Government of India have extended a line of credit of USD 10 million (US Dollar Ten Million only) to the Royal Government of Cambodia under a credit agreement entered into, between the two Governments on November 6, 20

Mar 03, 2003

Import of goods - Establishment of stand-by
Letters of Credit
A.P.(DIR Series) Circular No.84 (March 3, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai – 400 001March 3, 2003A.P.(DIR Series) Circular No.84To All Authorised Dealers in Foreign Exchange Madam/SirsImport of goods – Establishment of stand-byLetters of CreditAttention of authorised dealers is invited to paragraph 3 of A.P.(DIR Series) Circular No.9 dated August 13, 2002, in terms of which authorised dealers have been permitted to open stand-by Letters of Credit on behalf of their constitu

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Mar 01, 2003

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2003

RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA.86/2003-RB Dated the March 1, 2003 Foreign Exchange Management (Transfer or Issue of anyForeign Security) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No.FEMA.19/RB-

Mar 01, 2003

External Commercial Borrowings (ECBs) - Prepayment
A.P.(DIR Series) Circular No.82 (March 01, 2003)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 A.P.(DIR Series) Circular No.82 March 1, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sir, External Commercial Borrowings (ECBs) – Prepayment Attention of Authorised Dealers is invited to A.P.(DIR Series) Circular No.22 dated September 17, 2002 in terms of which automatic route for prepayment of ECBs was liberalised and made available to all category of borrowers without any co

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Feb 27, 2003

Indo-Lao Credit Agreement dated November 6, 2002, for USD 10 Million
A.P. (DIR Series) Circular No.81 (February 27, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 27, 2003A.P. (DIR Series) Circular No.81 ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Indo-Lao Credit Agreement dated November 6, 2002, for USD 10 Million The Government of India have extended a line of credit of an amount of USD 10 million (US Dollar Ten Million only) to the Government of the Lao People’s Democratic Republic under a credit agreement entered into between th

Feb 18, 2003

Exim Bank’s Line of Credit of
USD 25 Million to Vneshtorgbank, Russia
A.P. (DIR Series) Circular No.80 (February 18, 2003)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P. (DIR Series) Circular No.80 February 18, 2003 To All Authorised Dealers in Foreign Exchange Madam/ Sirs, Exim Bank’s Line of Credit of USD 25 Million to Vneshtorgbank, Russia Export-Import Bank of India (Exim Bank) has concluded an agreement with Vneshtorgbank, Russia (Bank for Foreign Trade, Russia) on July 3, 2002 making available to the latter, a line of credit (LOC) up to an aggre

Feb 17, 2003

Release of Exchange for Private Travel
A.P. (DIR Series) Circular No.79 (February 17, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai- 400 001A.P. (DIR Series) Circular No.79February 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Release of Exchange for Private Travel Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.31 dated October 18, 2002 annexing thereto particulars of the Nodal Officers of Reserve Bank nominated at Regional Offices for dealing with applications for release of exchang

Feb 14, 2003

Exchange Earners’ Foreign Currency (EEFC) Account Scheme
A.P. (DIR Series) Circular No.78 (February 14, 2003)

Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A.P. (DIR Series) Circular No.78February 14, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exchange Earners’ Foreign Currency (EEFC) Account SchemeAttention of authorised dealers is invited to para 3(iv) of Schedule to Notification No.FEMA.10/2000-RB dated 3rd May 2000. Exporters are presently permitted to grant trade related loans/advances not exceeding USD 3 million from their E