Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Sep 25, 2011
External Commercial Borrowing (ECB) Policy - Rationalisation and Liberalization
On a review of the current ECB policy, it has been decided, in consultation with the Government of India, to further rationalise and liberalize the ECB Policy as under : (i) The limit for eligible borrowers to avail of ECB under the automatic route per financial year has been enhanced as follows: corporates in real sector-industrial sector-infrastructure sector – USD 750 million or equivalent as against the present limit of USD 500 million or equivalent. corporates in
On a review of the current ECB policy, it has been decided, in consultation with the Government of India, to further rationalise and liberalize the ECB Policy as under : (i) The limit for eligible borrowers to avail of ECB under the automatic route per financial year has been enhanced as follows: corporates in real sector-industrial sector-infrastructure sector – USD 750 million or equivalent as against the present limit of USD 500 million or equivalent. corporates in
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Sep 23, 2011
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 05, 2011 to September 09, 2011. 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 05/09/2011 2,027 1,003 906 90 510 551 5,586 3,466 495 3,138 826 105 06/09/2011 2,608 1,
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 05, 2011 to September 09, 2011. 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 05/09/2011 2,027 1,003 906 90 510 551 5,586 3,466 495 3,138 826 105 06/09/2011 2,608 1,
Sep 23, 2011
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `49.6730 and the Reference Rate for Euro is `66.9815 on September 23, 2011.The corresponding rates for the previous day (September 22, 2011) were `48.8205 and `66.1025 respectively.Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Date Currency 1 GBP 100 JPY September 22, 2011 75.4814 63.61 Sept
The Reserve Bank of India’s Reference Rate for the US dollar is `49.6730 and the Reference Rate for Euro is `66.9815 on September 23, 2011.The corresponding rates for the previous day (September 22, 2011) were `48.8205 and `66.1025 respectively.Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Date Currency 1 GBP 100 JPY September 22, 2011 75.4814 63.61 Sept
Sep 22, 2011
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `48.8205 and the Reference Rate for Euro is `66.1025 on September 22, 2011.The corresponding rates for the previous day (September 21, 2011) were `47.8900 and `65.6372 respectively.Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Date Currency 1 GBP 100 JPY September 21, 2011 75.3094 62.80 Sept
The Reserve Bank of India’s Reference Rate for the US dollar is `48.8205 and the Reference Rate for Euro is `66.1025 on September 22, 2011.The corresponding rates for the previous day (September 21, 2011) were `47.8900 and `65.6372 respectively.Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Date Currency 1 GBP 100 JPY September 21, 2011 75.3094 62.80 Sept
Sep 21, 2011
Investment by FIIs under PIS
The Reserve Bank of India has today notified that the aggregate share holdings in following Banks by Foreign Institutional Investors (FIIs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed trigger limit. Hence, these banks are being removed from the caution list for FII's investment and the restrictions placed on the purchase of shares of these banks are withdrawn with immediate effect. Union Bank of India Karur Vysya Bank Therefore, it will
The Reserve Bank of India has today notified that the aggregate share holdings in following Banks by Foreign Institutional Investors (FIIs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed trigger limit. Hence, these banks are being removed from the caution list for FII's investment and the restrictions placed on the purchase of shares of these banks are withdrawn with immediate effect. Union Bank of India Karur Vysya Bank Therefore, it will
Sep 21, 2011
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `47.8900 and the Reference Rate for Euro is `65.6372 on September 21, 2011. The corresponding rates for the previous day (September 20, 2011) were `48.2225 and `65.6462 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Date Currency 1 GBP 100 JPY September 20, 2011 75.6322 63.02 Se
The Reserve Bank of India’s Reference Rate for the US dollar is `47.8900 and the Reference Rate for Euro is `65.6372 on September 21, 2011. The corresponding rates for the previous day (September 20, 2011) were `48.2225 and `65.6462 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Date Currency 1 GBP 100 JPY September 20, 2011 75.6322 63.02 Se
Sep 20, 2011
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `48.2225 and the Reference Rate for Euro is `65.6462 on September 20, 2011. The corresponding rates for the previous day (September 19, 2011) were `47.7920 and `65.3544 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Date Currency 1 GBP 100 JPY September 19, 2011 75.0573 62.18 Se
The Reserve Bank of India’s Reference Rate for the US dollar is `48.2225 and the Reference Rate for Euro is `65.6462 on September 20, 2011. The corresponding rates for the previous day (September 19, 2011) were `47.7920 and `65.3544 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Date Currency 1 GBP 100 JPY September 19, 2011 75.0573 62.18 Se
Sep 19, 2011
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is `47.7920 and the Reference Rate for Euro is `65.3544 on September 19, 2011. The corresponding rates for the previous day (September 16, 2011) were `47.4670 and `65.7906 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Date Currency 1 GBP 100 JPY September 16, 2011 74.9599 61.81 Se
The Reserve Bank of India’s Reference Rate for the US dollar is `47.7920 and the Reference Rate for Euro is `65.3544 on September 19, 2011. The corresponding rates for the previous day (September 16, 2011) were `47.4670 and `65.7906 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: Date Currency 1 GBP 100 JPY September 16, 2011 74.9599 61.81 Se
Sep 16, 2011
Investment by FIIs/NRIs under PIS : M/s. Gitanjali Gems Limited
The Reserve Bank of India today notified that M/s. Gitanjali Gems Limited has passed resolutions at the board of directors' level and at a special resolution by the shareholders, to enhance the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs), through primary market and stock exchanges, under the Portfolio Investment Scheme to 50 per cent of its paid up capital. Foreign Institutional Investors can now purchas
The Reserve Bank of India today notified that M/s. Gitanjali Gems Limited has passed resolutions at the board of directors' level and at a special resolution by the shareholders, to enhance the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs), through primary market and stock exchanges, under the Portfolio Investment Scheme to 50 per cent of its paid up capital. Foreign Institutional Investors can now purchas
Sep 16, 2011
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 August 29, 2011 to September 02, 2011. 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 29/08/2011 3,033 2,178 1,970 118 678 718 9,015 8,094 900 3,605 2,603 226 30/08/2011 3,614
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period August 29, 2011 to September 02, 2011. 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 29/08/2011 3,033 2,178 1,970 118 678 718 9,015 8,094 900 3,605 2,603 226 30/08/2011 3,614
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