Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Sep 21, 2016
Sources of Variation in Foreign Exchange Reserves in India during April-June 2016
Earlier today, the Reserve Bank of India released balance of payments (BoP) data for April-June 2016 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-June, 2016 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-June 2016 The sources of variation underlying the increase in the foreign exchange reserves during April-June 2016 are set out in Table 1. Table 1: Sources
Earlier today, the Reserve Bank of India released balance of payments (BoP) data for April-June 2016 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-June, 2016 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-June 2016 The sources of variation underlying the increase in the foreign exchange reserves during April-June 2016 are set out in Table 1. Table 1: Sources
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Sep 21, 2016
Developments in India’s Balance of Payments during the First Quarter (April-June) of 2016-17
Preliminary data on India’s balance of payments (BoP) for the first quarter (Q1) i.e., April-June, 2016-17 are presented in Statements I (BPM6 format) and II (old format). Key Features The current account deficit (CAD) narrowed to US$ 0.3 billion (0.1 per cent of GDP) in Q1 of 2016-17, significantly lower than US$ 6.1 billion (1.2 per cent of GDP) in Q1 of 2015-16 (Table 1). The contraction in the CAD was primarily on account of a lower trade deficit (US$ 23.8 billion
Preliminary data on India’s balance of payments (BoP) for the first quarter (Q1) i.e., April-June, 2016-17 are presented in Statements I (BPM6 format) and II (old format). Key Features The current account deficit (CAD) narrowed to US$ 0.3 billion (0.1 per cent of GDP) in Q1 of 2016-17, significantly lower than US$ 6.1 billion (1.2 per cent of GDP) in Q1 of 2015-16 (Table 1). The contraction in the CAD was primarily on account of a lower trade deficit (US$ 23.8 billion
Sep 21, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0631 on September 21, 2016. The corresponding rate for the previous day (September 20, 2016) was ₹ 67.0200. 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 20, 2016 September 21, 2016 1 EUR 74.8814 74.6949 1 GBP 87.3740 87.0077 100 YEN 65.86 65.49 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0631 on September 21, 2016. The corresponding rate for the previous day (September 20, 2016) was ₹ 67.0200. 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 20, 2016 September 21, 2016 1 EUR 74.8814 74.6949 1 GBP 87.3740 87.0077 100 YEN 65.86 65.49 Note : Th
Sep 20, 2016
FIIs/RFPIs can now invest up to 49 per cent under PIS in M/s Inox Leisure Limited - Removal from the caution list
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) from default can now invest from existing 24 per cent up to 49 per cent of the paid up capital of M/s Inox Leisure Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolution at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancin
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) from default can now invest from existing 24 per cent up to 49 per cent of the paid up capital of M/s Inox Leisure Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolution at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancin
Sep 20, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0200 on September 20, 2016. The corresponding rate for the previous day (September 19, 2016) was ₹ 66.8737. 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 19, 2016 September 20, 2016 1 EUR 74.6845 74.8814 1 GBP 87.2568 87.3740 100 YEN 65.54 65.86 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0200 on September 20, 2016. The corresponding rate for the previous day (September 19, 2016) was ₹ 66.8737. 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 19, 2016 September 20, 2016 1 EUR 74.6845 74.8814 1 GBP 87.2568 87.3740 100 YEN 65.54 65.86 Note : Th
Sep 19, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8737 on September 19, 2016. The corresponding rate for the previous day (September 16, 2016) was ₹ 66.8804. 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 16, 2016 September 19, 2016 1 EUR 75.1535 74.6845 1 GBP 88.4694 87.2568 100 YEN 65.52 65.54 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8737 on September 19, 2016. The corresponding rate for the previous day (September 16, 2016) was ₹ 66.8804. 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 16, 2016 September 19, 2016 1 EUR 75.1535 74.6845 1 GBP 88.4694 87.2568 100 YEN 65.52 65.54 Note : Th
Sep 16, 2016
Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Caution List - ADR/GDR/FIIs/RFPIs/NRIs/FDIs/PIOs : The South Indian Bank Ltd.
The Reserve Bank of India has today notified that the foreign shareholding by American Depository Receipts (ADR)/Global Depository Receipts (GDR)/Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Non Resident Indian (NRIs)/Foreign Direct Investment (FDIs)/Persons of Indian Origin (PIOs) in The South Indian Bank Ltd. has reached the trigger limit. Hence further purchases of equity shares of this company would be allowed only after o
The Reserve Bank of India has today notified that the foreign shareholding by American Depository Receipts (ADR)/Global Depository Receipts (GDR)/Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Non Resident Indian (NRIs)/Foreign Direct Investment (FDIs)/Persons of Indian Origin (PIOs) in The South Indian Bank Ltd. has reached the trigger limit. Hence further purchases of equity shares of this company would be allowed only after o
Sep 16, 2016
Overseas Direct Investment for August 2016
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 August 2016. Ajit Prasad Assistant Adviser Press Release: 2016-2017/691
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 August 2016. Ajit Prasad Assistant Adviser Press Release: 2016-2017/691
Sep 16, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8804 on September 16, 2016. The corresponding rate for the previous day (September 15, 2016) was ₹ 67.0248. 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 15, 2016 September 16, 2016 1 EUR 75.3627 75.1535 1 GBP 88.7073 88.4694 100 YEN 65.58 65.52 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8804 on September 16, 2016. The corresponding rate for the previous day (September 15, 2016) was ₹ 67.0248. 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 15, 2016 September 16, 2016 1 EUR 75.3627 75.1535 1 GBP 88.7073 88.4694 100 YEN 65.58 65.52 Note : Th
Sep 16, 2016
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 September 06, 2016 to September 09, 2016. 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 06-09-2016 2,338 2,616 534 207 178 196 8,897 8,915 761 3,432 1,460 58 07-09-2016 2,920
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 06, 2016 to September 09, 2016. 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 06-09-2016 2,338 2,616 534 207 178 196 8,897 8,915 761 3,432 1,460 58 07-09-2016 2,920
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