Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
May 08, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `59.9913 and the Reference Rate for Euro is `83.4805 on May 8, 2014. The corresponding rates for the previous day (May 7, 2014) were `60.0399 and `83.5840 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 May 7, 2014 May 8, 2014 1 GBP 101.9658 101.7512 100 YEN 59.
The Reserve Bank of India’s Reference Rate for the US dollar is `59.9913 and the Reference Rate for Euro is `83.4805 on May 8, 2014. The corresponding rates for the previous day (May 7, 2014) were `60.0399 and `83.5840 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 May 7, 2014 May 8, 2014 1 GBP 101.9658 101.7512 100 YEN 59.
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May 07, 2014
Decrease in Foreign Investment Limit/ Ceiling in an Indian Company under PIS - FIIs - From 52.50% to 52.25 %: M/s IDFC Limited
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 52.25 per cent of the paid up capital of M/s IDFC Limited under the Portfolio Investment Scheme (PIS). M/s IDFC Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing for decreasing the limit for the purchase of its equity shares and convertible debenture
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 52.25 per cent of the paid up capital of M/s IDFC Limited under the Portfolio Investment Scheme (PIS). M/s IDFC Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing for decreasing the limit for the purchase of its equity shares and convertible debenture
May 07, 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 March 31, 2014 to April 04, 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 02-04-2014 4,654 2,511 603 582 319 232 9,410 11,109 459 2,840 2,044 68 03-04-2014 3,102 1,748 7
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period March 31, 2014 to April 04, 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 02-04-2014 4,654 2,511 603 582 319 232 9,410 11,109 459 2,840 2,044 68 03-04-2014 3,102 1,748 7
May 07, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `60.0399 and the Reference Rate for Euro is `83.5840 on May 7, 2014. The corresponding rates for the previous day (May 6, 2014) were `60.2020 and `83.5532 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 May 6, 2014 May 7, 2014 1 GBP 101.6752 101.9658 100 YEN 59.
The Reserve Bank of India’s Reference Rate for the US dollar is `60.0399 and the Reference Rate for Euro is `83.5840 on May 7, 2014. The corresponding rates for the previous day (May 6, 2014) were `60.2020 and `83.5532 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 May 6, 2014 May 7, 2014 1 GBP 101.6752 101.9658 100 YEN 59.
May 06, 2014
FIIs can now invest upto 74% in M/s Hexa Tradex Limited
The Reserve Bank of India has today advised that foreign institutional investors (FIIs) can now invest upto 74 per cent of the paid up capital of M/s Hexa Tradex Limited 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 enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs. The purch
The Reserve Bank of India has today advised that foreign institutional investors (FIIs) can now invest upto 74 per cent of the paid up capital of M/s Hexa Tradex Limited 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 enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs. The purch
May 06, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `60.2020 and the Reference Rate for Euro is `83.5532 on May 6, 2014. The corresponding rates for the previous day (May 5, 2014) were `60.0475 and `83.3423 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 May 5, 2014 May 6, 2014 1 GBP 101.3181 101.6752 100 YEN 58.
The Reserve Bank of India’s Reference Rate for the US dollar is `60.2020 and the Reference Rate for Euro is `83.5532 on May 6, 2014. The corresponding rates for the previous day (May 5, 2014) were `60.0475 and `83.3423 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 May 5, 2014 May 6, 2014 1 GBP 101.3181 101.6752 100 YEN 58.
May 05, 2014
Increase in Foreign investment limit/ceiling in an Indian Company under PIS-FIIs - Removal from the Ban List: M/s City Union Bank Limited
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 35 per cent of the paid up capital of M/s City Union Bank Limited under the Portfolio Investment Scheme (PIS). M/s City Union Bank Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and con
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 35 per cent of the paid up capital of M/s City Union Bank Limited under the Portfolio Investment Scheme (PIS). M/s City Union Bank Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and con
May 05, 2014
Increase in Foreign Investment Limit/Ceiling in an Indian Company under PIS - FIIs up to 74% : M/s Credit Analysis & Research Limited
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 74 per cent of the paid up capital of M/s Credit Analysis & Research Limited under the Portfolio Investment Scheme (PIS). M/s Credit Analysis & Research Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing to enhance the limit 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 74 per cent of the paid up capital of M/s Credit Analysis & Research Limited under the Portfolio Investment Scheme (PIS). M/s Credit Analysis & Research Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing to enhance the limit for the purchase o
May 05, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `60.0475 and the Reference Rate for Euro is `83.3423 on May 5, 2014. The corresponding rates for the previous day (May 2, 2014) were `60.2250 and `83.4590 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 May 2, 2014 May 5, 2014 1 GBP 101.6839 101.3181 100 YEN 58.
The Reserve Bank of India’s Reference Rate for the US dollar is `60.0475 and the Reference Rate for Euro is `83.3423 on May 5, 2014. The corresponding rates for the previous day (May 2, 2014) were `60.2250 and `83.4590 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 May 2, 2014 May 5, 2014 1 GBP 101.6839 101.3181 100 YEN 58.
May 02, 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 March 24, 2014 to March 28, 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 24-03-2014 3,344 1,367 693 516 154 120 6,919 7,280 628 2,961 1,472 55 25-03-2014 4,684 2,171 1,
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period March 24, 2014 to March 28, 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 24-03-2014 3,344 1,367 693 516 154 120 6,919 7,280 628 2,961 1,472 55 25-03-2014 4,684 2,171 1,
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