Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Jun 18, 2014
Monitoring of Foreign Investment under PIS in Indian Companies : M/s Kotak Mahindra Bank Ltd
The Reserve Bank of India has today notified that the foreign share holding in M/s Kotak Mahindra Bank Ltd. by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) has reached the trigger limit. Hence, 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 : 2013-2014/2454
The Reserve Bank of India has today notified that the foreign share holding in M/s Kotak Mahindra Bank Ltd. by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) has reached the trigger limit. Hence, 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 : 2013-2014/2454
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Jun 18, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `60.1240 and the Reference Rate for Euro is `81.4310 on June 18, 2014. The corresponding rates for the previous day (June 17, 2014) were `60.3680 and `81.8665 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date June 17, 2014 June 18, 2014 1 GBP 102.4807 102.0004 100
The Reserve Bank of India’s Reference Rate for the US dollar is `60.1240 and the Reference Rate for Euro is `81.4310 on June 18, 2014. The corresponding rates for the previous day (June 17, 2014) were `60.3680 and `81.8665 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date June 17, 2014 June 18, 2014 1 GBP 102.4807 102.0004 100
Jun 17, 2014
Three Divisions of RBI’s Foreign Exchange Department to shift to New Delhi from July 15, 2014
The Reserve Bank of India has today informed banks and other stakeholders that from July 15, 2014, three divisions of Foreign Investment Division (FID) will shift to New Delhi Regional Office of the Reserve Bank of India. The divisions are Liaison/ Branch/Project Office (LO/BO/PO) Division, Non Resident Foreign Account Division (NRFAD) and Immovable Property (IP) Division. The address of the FED, CO Cell is: FED, CO Cell Foreign Exchange Department Reserve Bank of Ind
The Reserve Bank of India has today informed banks and other stakeholders that from July 15, 2014, three divisions of Foreign Investment Division (FID) will shift to New Delhi Regional Office of the Reserve Bank of India. The divisions are Liaison/ Branch/Project Office (LO/BO/PO) Division, Non Resident Foreign Account Division (NRFAD) and Immovable Property (IP) Division. The address of the FED, CO Cell is: FED, CO Cell Foreign Exchange Department Reserve Bank of Ind
Jun 17, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `60.3680 and the Reference Rate for Euro is `81.8665 on June 17, 2014. The corresponding rates for the previous day (June 16, 2014) were `60.0059 and `81.2541 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date June 16, 2014 June 17, 2014 1 GBP 101.9980 102.4807 100
The Reserve Bank of India’s Reference Rate for the US dollar is `60.3680 and the Reference Rate for Euro is `81.8665 on June 17, 2014. The corresponding rates for the previous day (June 16, 2014) were `60.0059 and `81.2541 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date June 16, 2014 June 17, 2014 1 GBP 101.9980 102.4807 100
Jun 16, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `60.0059 and the Reference Rate for Euro is `81.2541 on June 16, 2014. The corresponding rates for the previous day (June 13, 2014) were `59.4783 and `80.7120 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date June 13, 2014 June 16, 2014 1 GBP 100.9347 101.9980 100
The Reserve Bank of India’s Reference Rate for the US dollar is `60.0059 and the Reference Rate for Euro is `81.2541 on June 16, 2014. The corresponding rates for the previous day (June 13, 2014) were `59.4783 and `80.7120 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date June 13, 2014 June 16, 2014 1 GBP 100.9347 101.9980 100
Jun 13, 2014
Increase in Foreign investment limit/ceiling in an Indian Company under PIS - M/s Idea Cellular Limited
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 49 percent of the paid up capital of M/s Idea Cellular Limited under the Portfolio Investment Scheme (PIS). M/s Idea Cellular Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing for enhancing the limit from 24 per cent to 49 per cent for the purchase o
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 49 percent of the paid up capital of M/s Idea Cellular Limited under the Portfolio Investment Scheme (PIS). M/s Idea Cellular Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing for enhancing the limit from 24 per cent to 49 per cent for the purchase o
Jun 13, 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 May 19, 2014 to May 23, 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 19-05-2014 4,061 2,796 494 468 324 285 9,736 9,137 845 2,532 1,298 254 20-05-2014 3,359 1,325 415 2
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period May 19, 2014 to May 23, 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 19-05-2014 4,061 2,796 494 468 324 285 9,736 9,137 845 2,532 1,298 254 20-05-2014 3,359 1,325 415 2
Jun 13, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `59.4783 and the Reference Rate for Euro is `80.7120 on June 13, 2014. The corresponding rates for the previous day (June 12, 2014) were `59.3283 and `80.3036 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date June 12, 2014 June 13, 2014 1 GBP 99.6834 100.9347 100
The Reserve Bank of India’s Reference Rate for the US dollar is `59.4783 and the Reference Rate for Euro is `80.7120 on June 13, 2014. The corresponding rates for the previous day (June 12, 2014) were `59.3283 and `80.3036 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date June 12, 2014 June 13, 2014 1 GBP 99.6834 100.9347 100
Jun 12, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `59.3283 and the Reference Rate for Euro is `80.3036 on June 12, 2014. The corresponding rates for the previous day (June 11, 2014) were `59.3250 and `80.3200 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date June 11, 2014 June 12, 2014 1 GBP 99.4168 99.6834 100 Y
The Reserve Bank of India’s Reference Rate for the US dollar is `59.3283 and the Reference Rate for Euro is `80.3036 on June 12, 2014. The corresponding rates for the previous day (June 11, 2014) were `59.3250 and `80.3200 respectively. Based on the Reference Rate for the US dollar and the middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Currency Date June 11, 2014 June 12, 2014 1 GBP 99.4168 99.6834 100 Y
Jun 12, 2014
Overseas Direct Investment for May 2014
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 May 2014. Ajit Prasad Assistant General Manager Press Release: 2013-2014/2409
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 May 2014. Ajit Prasad Assistant General Manager Press Release: 2013-2014/2409
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