Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Sep 30, 2014
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.6135 on September 30, 2014. The corresponding rate for the previous day (September 29, 2014) was ` 61.4273. 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, 2014 September 30, 2014 1 EUR 77.9328 78.2060 1 GBP 99.7272 100.2760 100 YEN 56.07 56.36 Note : T
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.6135 on September 30, 2014. The corresponding rate for the previous day (September 29, 2014) was ` 61.4273. 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, 2014 September 30, 2014 1 EUR 77.9328 78.2060 1 GBP 99.7272 100.2760 100 YEN 56.07 56.36 Note : T
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Sep 29, 2014
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.4273 on September 29, 2014. The corresponding rate for the previous day (September 26, 2014) was ` 61.5720. 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 26, 2014 September 29, 2014 1 EUR 78.4489 77.9328 1 GBP 100.4239 99.7272 100 YEN 56.45 56.07 Note : T
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.4273 on September 29, 2014. The corresponding rate for the previous day (September 26, 2014) was ` 61.5720. 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 26, 2014 September 29, 2014 1 EUR 78.4489 77.9328 1 GBP 100.4239 99.7272 100 YEN 56.45 56.07 Note : T
Sep 26, 2014
FIIs/RFPIs can now purchase up to 100 per cent under PIS in M/s TD Power Systems Ltd
The Reserve Bank of India has today advised that foreign institutional investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now purchase up to 100 per cent (revised from earlier limit of 49 per cent) of the paid up capital of M/s TD Power Systems Ltd. under the Portfolio Investment Scheme. 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 enhan
The Reserve Bank of India has today advised that foreign institutional investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now purchase up to 100 per cent (revised from earlier limit of 49 per cent) of the paid up capital of M/s TD Power Systems Ltd. under the Portfolio Investment Scheme. 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 enhan
Sep 26, 2014
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.5720 on September 26, 2014. The corresponding rate for the previous day (September 25, 2014) was ` 61.0245. 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 25, 2014 September 26, 2014 1 EUR 77.8429 78.4489 1 GBP 99.4272 100.4239 100 YEN 55.87 56.45 Note : T
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.5720 on September 26, 2014. The corresponding rate for the previous day (September 25, 2014) was ` 61.0245. 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 25, 2014 September 26, 2014 1 EUR 77.8429 78.4489 1 GBP 99.4272 100.4239 100 YEN 55.87 56.45 Note : T
Sep 25, 2014
Monitoring of Foreign Investment under the Portfolio Investment Scheme in Indian Companies - City Union Bank Ltd
1. Increase in Foreign investment limit/ceiling in an Indian Company under PIS- FIIs/RFPIs/QFIs- up to 40% (revised from earlier limit of 35%) 2. Removal from the Caution List – FIIs/RFPIs The Reserve Bank of India today notified that the foreign shareholding by FIIs/RFPIs in M/s City Union Bank Ltd. has gone below the revised threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company on July 1
1. Increase in Foreign investment limit/ceiling in an Indian Company under PIS- FIIs/RFPIs/QFIs- up to 40% (revised from earlier limit of 35%) 2. Removal from the Caution List – FIIs/RFPIs The Reserve Bank of India today notified that the foreign shareholding by FIIs/RFPIs in M/s City Union Bank Ltd. has gone below the revised threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company on July 1
Sep 25, 2014
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.0245 on September 25, 2014. The corresponding rate for the previous day (September 24, 2014) was ` 61.0293. 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, 2014 September 25, 2014 1 EUR 78.3738 77.8429 1 GBP 99.9904 99.4272 100 YEN 56.17 55.87 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.0245 on September 25, 2014. The corresponding rate for the previous day (September 24, 2014) was ` 61.0293. 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, 2014 September 25, 2014 1 EUR 78.3738 77.8429 1 GBP 99.9904 99.4272 100 YEN 56.17 55.87 Note : Th
Sep 24, 2014
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.0293 on September 24, 2014. The corresponding rate for the previous day (September 23, 2014) was ` 60.8708. 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 23, 2014 September 24, 2014 1 EUR 78.2251 78.3738 1 GBP 99.6333 99.9904 100 YEN 55.98 56.17 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.0293 on September 24, 2014. The corresponding rate for the previous day (September 23, 2014) was ` 60.8708. 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 23, 2014 September 24, 2014 1 EUR 78.2251 78.3738 1 GBP 99.6333 99.9904 100 YEN 55.98 56.17 Note : Th
Sep 23, 2014
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 01, 2014 to September 05, 2014. 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 01-09-2014 1,642 866 234 435 224 182 5,410 3,372 595 2,758 713 26 02-09-2014 2,666 986
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 01, 2014 to September 05, 2014. 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 01-09-2014 1,642 866 234 435 224 182 5,410 3,372 595 2,758 713 26 02-09-2014 2,666 986
Sep 23, 2014
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 60.8708 on September 23, 2014 The corresponding rate for the previous day (September 22, 2014) was ` 60.7875 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 22, 2014 September 23, 2014 1 EUR 78.1606 78.2251 1 GBP 99.2964 99.6333 100 YEN 55.83 55.98 Note : The
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 60.8708 on September 23, 2014 The corresponding rate for the previous day (September 22, 2014) was ` 60.7875 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 22, 2014 September 23, 2014 1 EUR 78.1606 78.2251 1 GBP 99.2964 99.6333 100 YEN 55.83 55.98 Note : The
Sep 22, 2014
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 60.7875 on September 22, 2014 The corresponding rate for the previous day (September 19, 2014) was ` 60.8055 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, 2014 September 22, 2014 1 EUR 78.4695 78.1606 1 GBP 100.0615 99.2964 100 YEN 55.73 55.83 Note : The
The Reserve Bank of India’s Reference Rate for the US Dollar is ` 60.7875 on September 22, 2014 The corresponding rate for the previous day (September 19, 2014) was ` 60.8055 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, 2014 September 22, 2014 1 EUR 78.4695 78.1606 1 GBP 100.0615 99.2964 100 YEN 55.73 55.83 Note : The
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