Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Mar 11, 2014
Increase in Foreign Investment Limit/Ceiling in an Indian Company under PIS: M/s Greycells Education Limited
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs) can now purchase up to 49 per cent and Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can purchase up to 24 per cent of the paid up capital of M/s Greycells Education Limited through primary market and stock exchanges under the Portfolio Investment Scheme (PIS). M/s Greycells Education Limited has passed resolutions at the board of directors' level and a special resolutio
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs) can now purchase up to 49 per cent and Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can purchase up to 24 per cent of the paid up capital of M/s Greycells Education Limited through primary market and stock exchanges under the Portfolio Investment Scheme (PIS). M/s Greycells Education Limited has passed resolutions at the board of directors' level and a special resolutio
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Mar 11, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `60.6995 and the Reference Rate for Euro is `84.1590 on March 11, 2014. The corresponding rates for the previous day (March 10, 2014) were `61.1965 and `84.9450 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 March 10, 2014 March 11, 2014 1 GBP 102.3511 100.9675
The Reserve Bank of India’s Reference Rate for the US dollar is `60.6995 and the Reference Rate for Euro is `84.1590 on March 11, 2014. The corresponding rates for the previous day (March 10, 2014) were `61.1965 and `84.9450 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 March 10, 2014 March 11, 2014 1 GBP 102.3511 100.9675
Mar 10, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 61.1965 and the Reference Rate for Euro is ` 84.9450 on March 10, 2014. The corresponding rates for the previous day (March 07, 2014) were ` 60.9850 and ` 84.5255 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 March 07, 2014 March 10, 2014 1 GBP 102.0706 102.
The Reserve Bank of India’s Reference Rate for the US dollar is ` 61.1965 and the Reference Rate for Euro is ` 84.9450 on March 10, 2014. The corresponding rates for the previous day (March 07, 2014) were ` 60.9850 and ` 84.5255 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 March 07, 2014 March 10, 2014 1 GBP 102.0706 102.
Mar 07, 2014
Increase in Foreign Investment Limit/Ceiling in an Indian Company under PIS - FIIs up to 49% : M/s Manappuram Finance 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 per cent of the paid up capital of M/s Manappuram Finance Limited under the Portfolio Investment Scheme (PIS). M/s Manappuram Finance 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 of its equity shares and
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 49 per cent of the paid up capital of M/s Manappuram Finance Limited under the Portfolio Investment Scheme (PIS). M/s Manappuram Finance 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 of its equity shares and
Mar 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 February 17, 2014 to February 21, 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 17-02-2014 1,262 1,731 236 383 86 68 5,342 2,416 1,241 2,344 630 39 18-02-2014 2,073 1,41
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period February 17, 2014 to February 21, 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 17-02-2014 1,262 1,731 236 383 86 68 5,342 2,416 1,241 2,344 630 39 18-02-2014 2,073 1,41
Mar 07, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.9850 and the Reference Rate for Euro is ` 84.5255 on March 07, 2014. The corresponding rates for the previous day (March 06, 2014) were ` 61.3242 and ` 84.1866 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 March 06, 2014 March 07, 2014 1 GBP 102.5402 102.
The Reserve Bank of India’s Reference Rate for the US dollar is ` 60.9850 and the Reference Rate for Euro is ` 84.5255 on March 07, 2014. The corresponding rates for the previous day (March 06, 2014) were ` 61.3242 and ` 84.1866 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 March 06, 2014 March 07, 2014 1 GBP 102.5402 102.
Mar 06, 2014
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 61.3242 and the Reference Rate for Euro is ` 84.1866 on March 06, 2014. The corresponding rates for the previous day (March 05, 2014) were ` 61.8550 and ` 84.9195 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 March 05, 2014 March 06, 2014 1 GBP 103.0566 102.
The Reserve Bank of India’s Reference Rate for the US dollar is ` 61.3242 and the Reference Rate for Euro is ` 84.1866 on March 06, 2014. The corresponding rates for the previous day (March 05, 2014) were ` 61.8550 and ` 84.9195 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 March 05, 2014 March 06, 2014 1 GBP 103.0566 102.
Mar 05, 2014
Monitoring of Foreign Investment by NRIs/PIOs under the Portfolio Investment Schemes in Indian Companies - Incorporation in Ban List : M/s Samtel India Ltd
The Reserve Bank of India advise that M/s Samtel India Ltd has been included in the Ban List of the Reserve Bank of India for purchase of equity shares by Non Resident Indians (NRIs)/ Persons of Indian Origin (PIO), as the aggregate net purchases of the equity shares in M/s Samtel India Ltd by NRI/PIOs in the primary /secondary markets has reached the trigger limit. Accordingly, no further purchases of the shares of M/s Samtel India Ltd would be allowed through stock
The Reserve Bank of India advise that M/s Samtel India Ltd has been included in the Ban List of the Reserve Bank of India for purchase of equity shares by Non Resident Indians (NRIs)/ Persons of Indian Origin (PIO), as the aggregate net purchases of the equity shares in M/s Samtel India Ltd by NRI/PIOs in the primary /secondary markets has reached the trigger limit. Accordingly, no further purchases of the shares of M/s Samtel India Ltd would be allowed through stock
Mar 05, 2014
Sources of Variation in Foreign Exchange Reserves in India during April-December 2013
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for October-December 2013 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April- December 2013 have been compiled. Sources of Variation in Foreign Exchange Reserves: April- December 2013 During April-December 2013, there was an increase in the foreign exchange reserves. The sources of variation in the foreign ex
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for October-December 2013 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April- December 2013 have been compiled. Sources of Variation in Foreign Exchange Reserves: April- December 2013 During April-December 2013, there was an increase in the foreign exchange reserves. The sources of variation in the foreign ex
Mar 05, 2014
Developments in India’s Balance of Payments during the Third Quarter (October-December) of 2013-14
Preliminary data on India’s balance of payments (BoP) for the third quarter (Q3), i.e., October-December 2013, of the financial year 2013-14, are now available and presented in Statements I and II. While Statement I presents BoP data in BPM6 format, Statement II provides the same as per the old format. Developments in India’s BoP during October-December 2013 India’s current account deficit (CAD) narrowed sharply to US$ 4.2 billion (0.9 per cent of GDP) in Q3 of 2013-1
Preliminary data on India’s balance of payments (BoP) for the third quarter (Q3), i.e., October-December 2013, of the financial year 2013-14, are now available and presented in Statements I and II. While Statement I presents BoP data in BPM6 format, Statement II provides the same as per the old format. Developments in India’s BoP during October-December 2013 India’s current account deficit (CAD) narrowed sharply to US$ 4.2 billion (0.9 per cent of GDP) in Q3 of 2013-1
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