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Foreign Exchange Management Act Announcement
Press Releases
May 26, 2017
FIIs/FPIs investment under PIS - Incorporation in Ban List - M/s CCL Products (India) Limited
The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in M/s CCL Products (India) Ltd. has crossed limit of 24% of its paid-up capital. Therefore, no further purchase of shares of this company would be allowed through Stock Exchanges in India on behalf of FIIs/FPIs. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3195
The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in M/s CCL Products (India) Ltd. has crossed limit of 24% of its paid-up capital. Therefore, no further purchase of shares of this company would be allowed through Stock Exchanges in India on behalf of FIIs/FPIs. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3195
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May 26, 2017
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 15, 2017 to May 19, 2017. 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 15-05-2017 2,300 1,022 1,336 186 195 147 8,786 6,196 364 3,024 1,158 263 16-05-2017 3,044 1,250 578
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period May 15, 2017 to May 19, 2017. 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 15-05-2017 2,300 1,022 1,336 186 195 147 8,786 6,196 364 3,024 1,158 263 16-05-2017 3,044 1,250 578
May 26, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.5945 on May 26, 2017. The corresponding rate for the previous day (May 25, 2017) was ₹ 64.5088. 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 May 25, 2017 May 26, 2017 1 EUR 72.4692 72.3329 1 GBP 83.7711 83.1848 100 YEN 57.74 57.95 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.5945 on May 26, 2017. The corresponding rate for the previous day (May 25, 2017) was ₹ 64.5088. 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 May 25, 2017 May 26, 2017 1 EUR 72.4692 72.3329 1 GBP 83.7711 83.1848 100 YEN 57.74 57.95 Note : The SDR-Rupee rate will be
May 25, 2017
Joint Media Release: BOK, HKMA, MAS, RBA and RBI welcome the publication of the FX Global Code
Mumbai May 25, 2017: The Bank of Korea (BOK), the Hong Kong Monetary Authority (HKMA), the Monetary Authority of Singapore (MAS), the Reserve Bank of Australia (RBA) and the Reserve Bank of India (RBI) today welcome the publication of the FX Global Code (the Code), a single global code of conduct for the wholesale foreign exchange (FX) market. The Code was launched today after it was endorsed at the Global Foreign Exchange Committee meeting held in London on 24 May 20
Mumbai May 25, 2017: The Bank of Korea (BOK), the Hong Kong Monetary Authority (HKMA), the Monetary Authority of Singapore (MAS), the Reserve Bank of Australia (RBA) and the Reserve Bank of India (RBI) today welcome the publication of the FX Global Code (the Code), a single global code of conduct for the wholesale foreign exchange (FX) market. The Code was launched today after it was endorsed at the Global Foreign Exchange Committee meeting held in London on 24 May 20
May 25, 2017
RBI releases data on ECB / FCCB for April 2017
The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB), both through Automatic Route and Approval Route, for the month of April 2017. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3170
The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB), both through Automatic Route and Approval Route, for the month of April 2017. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3170
May 25, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.5088 on May 25, 2017. The corresponding rate for the previous day (May 24, 2017) was ₹ 64.8586. 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 May 24, 2017 May 25, 2017 1 EUR 72.4730 72.4692 1 GBP 84.0957 83.7711 100 YEN 57.96 57.74 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.5088 on May 25, 2017. The corresponding rate for the previous day (May 24, 2017) was ₹ 64.8586. 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 May 24, 2017 May 25, 2017 1 EUR 72.4730 72.4692 1 GBP 84.0957 83.7711 100 YEN 57.96 57.74 Note : The SDR-Rupee rate will be
May 24, 2017
Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Ban List-M/s Fortis Healthcare Ltd
The Reserve Bank of India has today notified that the foreign shareholding by Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in M/s Fortis Healthcare Ltd has crossed the overall limit of 24% of its paid-up capital. Therefore, no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs). Ajit Prasad Assistant Adviser Pres
The Reserve Bank of India has today notified that the foreign shareholding by Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in M/s Fortis Healthcare Ltd has crossed the overall limit of 24% of its paid-up capital. Therefore, no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs). Ajit Prasad Assistant Adviser Pres
May 24, 2017
Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Ban List-M/s Claris lifesciences Ltd
The Reserve Bank of India has today notified that the foreign shareholding by Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in M/s Claris lifesciences Ltd has crossed the overall limit of 24% of its paid-up capital. Therefore, no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs). Ajit Prasad Assistant Adviser Pr
The Reserve Bank of India has today notified that the foreign shareholding by Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in M/s Claris lifesciences Ltd has crossed the overall limit of 24% of its paid-up capital. Therefore, no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs). Ajit Prasad Assistant Adviser Pr
May 24, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.8586 on May 24, 2017. The corresponding rate for the previous day (May 23, 2017) was ₹ 64.7751. 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 May 23, 2017 May 24, 2017 1 EUR 72.7489 72.4730 1 GBP 84.0327 84.0957 100 YEN 58.37 57.96 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.8586 on May 24, 2017. The corresponding rate for the previous day (May 23, 2017) was ₹ 64.7751. 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 May 23, 2017 May 24, 2017 1 EUR 72.7489 72.4730 1 GBP 84.0327 84.0957 100 YEN 58.37 57.96 Note : The SDR-Rupee rate will be
May 23, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.7751 on May 23, 2017. The corresponding rate for the previous day (May 22, 2017) was ₹ 64.5632. 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 May 22, 2017 May 23, 2017 1 EUR 72.2333 72.7489 1 GBP 83.9515 84.0327 100 YEN 57.98 58.37 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.7751 on May 23, 2017. The corresponding rate for the previous day (May 22, 2017) was ₹ 64.5632. 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 May 22, 2017 May 23, 2017 1 EUR 72.2333 72.7489 1 GBP 83.9515 84.0327 100 YEN 57.98 58.37 Note : The SDR-Rupee rate will be
May 22, 2017
Overseas Direct Investment for April 2017
The Reserve Bank of India has today released the data on Outward Foreign Direct Investment (OFDI) indicating the comparative position for the month of March 2017 and April 2017 and for the month of April 2016 and April 2017 both under Automatic Route and the Approval Route, for the month of April 2017. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3134
The Reserve Bank of India has today released the data on Outward Foreign Direct Investment (OFDI) indicating the comparative position for the month of March 2017 and April 2017 and for the month of April 2016 and April 2017 both under Automatic Route and the Approval Route, for the month of April 2017. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3134
May 22, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.5632 on May 22, 2017. The corresponding rate for the previous day (May 19, 2017) was ₹ 64.9906. 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 May 19, 2017 May 22, 2017 1 EUR 72.2955 72.2333 1 GBP 84.1823 83.9515 100 YEN 58.44 57.98 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.5632 on May 22, 2017. The corresponding rate for the previous day (May 19, 2017) was ₹ 64.9906. 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 May 19, 2017 May 22, 2017 1 EUR 72.2955 72.2333 1 GBP 84.1823 83.9515 100 YEN 58.44 57.98 Note : The SDR-Rupee rate will be
May 22, 2017
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 08, 2017 to May 12, 2017. 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 08-05-2017 2,699 458 437 237 347 336 6,927 5,219 360 3,317 1,307 255 09-05-2017 2,714 1,418 412 237
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period May 08, 2017 to May 12, 2017. 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 08-05-2017 2,699 458 437 237 347 336 6,927 5,219 360 3,317 1,307 255 09-05-2017 2,714 1,418 412 237
May 19, 2017
FIIs/FPIs can now invest from 42 to 43 per cent under PIS in M/s Kotak Mahindra Bank Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 42 per cent to 43 per cent of the paid up capital of M/s Kotak Mahindra Bank Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that M/s Kotak Mahindra Bank Limited has passed necessary resolutions at its Board of Directors’ level and a special resolution by general body agreeing for enhancing th
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 42 per cent to 43 per cent of the paid up capital of M/s Kotak Mahindra Bank Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that M/s Kotak Mahindra Bank Limited has passed necessary resolutions at its Board of Directors’ level and a special resolution by general body agreeing for enhancing th
May 19, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.9906 on May 19, 2017. The corresponding rate for the previous day (May 18, 2017) was ₹ 64.3441. 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 May 18, 2017 May 19, 2017 1 EUR 71.6214 72.2955 1 GBP 83.3063 84.1823 100 YEN 57.80 58.44 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.9906 on May 19, 2017. The corresponding rate for the previous day (May 18, 2017) was ₹ 64.3441. 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 May 18, 2017 May 19, 2017 1 EUR 71.6214 72.2955 1 GBP 83.3063 84.1823 100 YEN 57.80 58.44 Note : The SDR-Rupee rate will be
May 18, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.3441 on May 18, 2017. The corresponding rate for the previous day (May 17, 2017) was ₹ 64.0214. 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 May 17, 2017 May 18, 2017 1 EUR 71.1598 71.6214 1 GBP 82.7669 83.3063 100 YEN 56.99 57.80 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.3441 on May 18, 2017. The corresponding rate for the previous day (May 17, 2017) was ₹ 64.0214. 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 May 17, 2017 May 18, 2017 1 EUR 71.1598 71.6214 1 GBP 82.7669 83.3063 100 YEN 56.99 57.80 Note : The SDR-Rupee rate will be
May 17, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.0214 on May 17, 2017. The corresponding rate for the previous day (May 16, 2017) was ₹ 64.0758. 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 May 16, 2017 May 17, 2017 1 EUR 70.5539 71.1598 1 GBP 82.7795 82.7669 100 YEN 56.52 56.99 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.0214 on May 17, 2017. The corresponding rate for the previous day (May 16, 2017) was ₹ 64.0758. 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 May 16, 2017 May 17, 2017 1 EUR 70.5539 71.1598 1 GBP 82.7795 82.7669 100 YEN 56.52 56.99 Note : The SDR-Rupee rate will be
May 16, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.0758 on May 16, 2017. The corresponding rate for the previous day (May 15, 2017) was ₹ 64.1188. 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 May 15, 2017 May 16, 2017 1 EUR 70.1332 70.5539 1 GBP 82.8351 82.7795 100 YEN 56.48 56.52 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.0758 on May 16, 2017. The corresponding rate for the previous day (May 15, 2017) was ₹ 64.1188. 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 May 15, 2017 May 16, 2017 1 EUR 70.1332 70.5539 1 GBP 82.8351 82.7795 100 YEN 56.48 56.52 Note : The SDR-Rupee rate will be
May 15, 2017
FIIs/FPIs can now invest from 31.50 to 49 per cent under PIS in M/s Natco Pharma Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 31.50 per cent to 49 per cent of the paid up capital of M/s Natco Pharma Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that M/s Natco Pharma Limited has passed resolutions at its Board of Directors’ level and a special resolution by general body agreeing for enhancing the FII/FPI investment
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 31.50 per cent to 49 per cent of the paid up capital of M/s Natco Pharma Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that M/s Natco Pharma Limited has passed resolutions at its Board of Directors’ level and a special resolution by general body agreeing for enhancing the FII/FPI investment
May 15, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.1188 on May 15, 2017. The corresponding rate for the previous day (May 12, 2017) was ₹ 64.3043. 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 May 12, 2017 May 15, 2017 1 EUR 69.8859 70.1332 1 GBP 82.8690 82.8351 100 YEN 56.56 56.48 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.1188 on May 15, 2017. The corresponding rate for the previous day (May 12, 2017) was ₹ 64.3043. 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 May 12, 2017 May 15, 2017 1 EUR 69.8859 70.1332 1 GBP 82.8690 82.8351 100 YEN 56.56 56.48 Note : The SDR-Rupee rate will be
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