Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Sep 27, 2016
M/s Motherson Sumi Systems Limited raises Foreign Investment limit from 24 percent to 30 percent: RBI
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can under the Portfolio Investment Scheme (PIS) now invest upto 30 per cent of the paid up capital of M/s Motherson Sumi Systems Limited. The purchases could be made through primary market and stock exchanges. The Reserve Bank has stated that the company’s Board of Directors’ has passed a resolution and its shareholders have passed a
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can under the Portfolio Investment Scheme (PIS) now invest upto 30 per cent of the paid up capital of M/s Motherson Sumi Systems Limited. The purchases could be made through primary market and stock exchanges. The Reserve Bank has stated that the company’s Board of Directors’ has passed a resolution and its shareholders have passed a
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Sep 27, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.4627 on September 27, 2016. The corresponding rate for the previous day (September 26, 2016) was ₹ 66.7095. 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 September 26, 2016 September 27, 2016 1 EUR 74.8814 74.7373 1 GBP 86.4689 86.3417 100 YEN 66.13 65.84 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.4627 on September 27, 2016. The corresponding rate for the previous day (September 26, 2016) was ₹ 66.7095. 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 September 26, 2016 September 27, 2016 1 EUR 74.8814 74.7373 1 GBP 86.4689 86.3417 100 YEN 66.13 65.84 Note : Th
Sep 26, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7095 on September 26, 2016. The corresponding rate for the previous day (September 23, 2016) was ₹ 66.6519. 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 September 23, 2016 September 26, 2016 1 EUR 74.6701 74.8814 1 GBP 86.9207 86.4689 100 YEN 66.08 66.13 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7095 on September 26, 2016. The corresponding rate for the previous day (September 23, 2016) was ₹ 66.6519. 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 September 23, 2016 September 26, 2016 1 EUR 74.6701 74.8814 1 GBP 86.9207 86.4689 100 YEN 66.08 66.13 Note : Th
Sep 23, 2016
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 12, 2016 to September 16, 2016. 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 12-09-2016 2,199 2,047 632 154 193 218 8,234 7,149 586 3,233 1,587 63 14-09-2016 3,005
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 12, 2016 to September 16, 2016. 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 12-09-2016 2,199 2,047 632 154 193 218 8,234 7,149 586 3,233 1,587 63 14-09-2016 3,005
Sep 23, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.6519 on September 23, 2016. The corresponding rate for the previous day (September 22, 2016) was ₹ 66.8451. 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 September 22, 2016 September 23, 2016 1 EUR 75.0203 74.6701 1 GBP 87.3398 86.9207 100 YEN 66.65 66.08 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.6519 on September 23, 2016. The corresponding rate for the previous day (September 22, 2016) was ₹ 66.8451. 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 September 22, 2016 September 23, 2016 1 EUR 75.0203 74.6701 1 GBP 87.3398 86.9207 100 YEN 66.65 66.08 Note : Th
Sep 22, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8451 on September 22, 2016. The corresponding rate for the previous day (September 21, 2016) was ₹ 67.0631. 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 September 21, 2016 September 22, 2016 1 EUR 74.6949 75.0203 1 GBP 87.0077 87.3398 100 YEN 65.49 66.65 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8451 on September 22, 2016. The corresponding rate for the previous day (September 21, 2016) was ₹ 67.0631. 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 September 21, 2016 September 22, 2016 1 EUR 74.6949 75.0203 1 GBP 87.0077 87.3398 100 YEN 65.49 66.65 Note : Th
Sep 22, 2016
RBI releases data on ECB / FCCB for August 2016
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 August 2016. Ajit Prasad Assistant Adviser Press Release: 2016-2017/734
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 August 2016. Ajit Prasad Assistant Adviser Press Release: 2016-2017/734
Sep 21, 2016
Sources of Variation in Foreign Exchange Reserves in India during April-June 2016
Earlier today, the Reserve Bank of India released balance of payments (BoP) data for April-June 2016 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-June, 2016 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-June 2016 The sources of variation underlying the increase in the foreign exchange reserves during April-June 2016 are set out in Table 1. Table 1: Sources
Earlier today, the Reserve Bank of India released balance of payments (BoP) data for April-June 2016 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-June, 2016 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-June 2016 The sources of variation underlying the increase in the foreign exchange reserves during April-June 2016 are set out in Table 1. Table 1: Sources
Sep 21, 2016
Developments in India’s Balance of Payments during the First Quarter (April-June) of 2016-17
Preliminary data on India’s balance of payments (BoP) for the first quarter (Q1) i.e., April-June, 2016-17 are presented in Statements I (BPM6 format) and II (old format). Key Features The current account deficit (CAD) narrowed to US$ 0.3 billion (0.1 per cent of GDP) in Q1 of 2016-17, significantly lower than US$ 6.1 billion (1.2 per cent of GDP) in Q1 of 2015-16 (Table 1). The contraction in the CAD was primarily on account of a lower trade deficit (US$ 23.8 billion
Preliminary data on India’s balance of payments (BoP) for the first quarter (Q1) i.e., April-June, 2016-17 are presented in Statements I (BPM6 format) and II (old format). Key Features The current account deficit (CAD) narrowed to US$ 0.3 billion (0.1 per cent of GDP) in Q1 of 2016-17, significantly lower than US$ 6.1 billion (1.2 per cent of GDP) in Q1 of 2015-16 (Table 1). The contraction in the CAD was primarily on account of a lower trade deficit (US$ 23.8 billion
Sep 21, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0631 on September 21, 2016. The corresponding rate for the previous day (September 20, 2016) was ₹ 67.0200. 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 September 20, 2016 September 21, 2016 1 EUR 74.8814 74.6949 1 GBP 87.3740 87.0077 100 YEN 65.86 65.49 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0631 on September 21, 2016. The corresponding rate for the previous day (September 20, 2016) was ₹ 67.0200. 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 September 20, 2016 September 21, 2016 1 EUR 74.8814 74.6949 1 GBP 87.3740 87.0077 100 YEN 65.86 65.49 Note : Th
Sep 20, 2016
FIIs/RFPIs can now invest up to 49 per cent under PIS in M/s Inox Leisure Limited - Removal from the caution list
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) from default can now invest from existing 24 per cent up to 49 per cent of the paid up capital of M/s Inox Leisure Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolution at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancin
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) from default can now invest from existing 24 per cent up to 49 per cent of the paid up capital of M/s Inox Leisure Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolution at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancin
Sep 20, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0200 on September 20, 2016. The corresponding rate for the previous day (September 19, 2016) was ₹ 66.8737. 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 September 19, 2016 September 20, 2016 1 EUR 74.6845 74.8814 1 GBP 87.2568 87.3740 100 YEN 65.54 65.86 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0200 on September 20, 2016. The corresponding rate for the previous day (September 19, 2016) was ₹ 66.8737. 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 September 19, 2016 September 20, 2016 1 EUR 74.6845 74.8814 1 GBP 87.2568 87.3740 100 YEN 65.54 65.86 Note : Th
Sep 19, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8737 on September 19, 2016. The corresponding rate for the previous day (September 16, 2016) was ₹ 66.8804. 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 September 16, 2016 September 19, 2016 1 EUR 75.1535 74.6845 1 GBP 88.4694 87.2568 100 YEN 65.52 65.54 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8737 on September 19, 2016. The corresponding rate for the previous day (September 16, 2016) was ₹ 66.8804. 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 September 16, 2016 September 19, 2016 1 EUR 75.1535 74.6845 1 GBP 88.4694 87.2568 100 YEN 65.52 65.54 Note : Th
Sep 16, 2016
Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Caution List - ADR/GDR/FIIs/RFPIs/NRIs/FDIs/PIOs : The South Indian Bank Ltd.
The Reserve Bank of India has today notified that the foreign shareholding by American Depository Receipts (ADR)/Global Depository Receipts (GDR)/Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Non Resident Indian (NRIs)/Foreign Direct Investment (FDIs)/Persons of Indian Origin (PIOs) in The South Indian Bank Ltd. has reached the trigger limit. Hence further purchases of equity shares of this company would be allowed only after o
The Reserve Bank of India has today notified that the foreign shareholding by American Depository Receipts (ADR)/Global Depository Receipts (GDR)/Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Non Resident Indian (NRIs)/Foreign Direct Investment (FDIs)/Persons of Indian Origin (PIOs) in The South Indian Bank Ltd. has reached the trigger limit. Hence further purchases of equity shares of this company would be allowed only after o
Sep 16, 2016
Overseas Direct Investment for August 2016
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 August 2016. Ajit Prasad Assistant Adviser Press Release: 2016-2017/691
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 August 2016. Ajit Prasad Assistant Adviser Press Release: 2016-2017/691
Sep 16, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8804 on September 16, 2016. The corresponding rate for the previous day (September 15, 2016) was ₹ 67.0248. 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 September 15, 2016 September 16, 2016 1 EUR 75.3627 75.1535 1 GBP 88.7073 88.4694 100 YEN 65.58 65.52 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8804 on September 16, 2016. The corresponding rate for the previous day (September 15, 2016) was ₹ 67.0248. 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 September 15, 2016 September 16, 2016 1 EUR 75.3627 75.1535 1 GBP 88.7073 88.4694 100 YEN 65.58 65.52 Note : Th
Sep 16, 2016
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 06, 2016 to September 09, 2016. 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 06-09-2016 2,338 2,616 534 207 178 196 8,897 8,915 761 3,432 1,460 58 07-09-2016 2,920
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 06, 2016 to September 09, 2016. 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 06-09-2016 2,338 2,616 534 207 178 196 8,897 8,915 761 3,432 1,460 58 07-09-2016 2,920
Sep 15, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0248 on September 15, 2016. The corresponding rate for the previous day (September 14, 2016) was ₹ 66.9642. 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 September 14, 2016 September 15, 2016 1 EUR 75.2075 75.3627 1 GBP 88.4932 88.7073 100 YEN 64.83 65.58 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0248 on September 15, 2016. The corresponding rate for the previous day (September 14, 2016) was ₹ 66.9642. 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 September 14, 2016 September 15, 2016 1 EUR 75.2075 75.3627 1 GBP 88.4932 88.7073 100 YEN 64.83 65.58 Note : Th
Sep 14, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.9642 on September 14, 2016. The corresponding rate for the previous day (September 12, 2016) was ₹ 66.9017. 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 September 12, 2016 September 14, 2016 1 EUR 75.2176 75.2075 1 GBP 88.7719 88.4932 100 YEN 65.26 64.83 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.9642 on September 14, 2016. The corresponding rate for the previous day (September 12, 2016) was ₹ 66.9017. 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 September 12, 2016 September 14, 2016 1 EUR 75.2176 75.2075 1 GBP 88.7719 88.4932 100 YEN 65.26 64.83 Note : Th
Sep 12, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.9017 on September 12, 2016. The corresponding rate for the previous day (September 09, 2016) was ₹ 66.5462. 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 September 09, 2016 September 12, 2016 1 EUR 75.0242 75.2176 1 GBP 88.5863 88.7719 100 YEN 65.13 65.26 Note : Th
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.9017 on September 12, 2016. The corresponding rate for the previous day (September 09, 2016) was ₹ 66.5462. 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 September 09, 2016 September 12, 2016 1 EUR 75.0242 75.2176 1 GBP 88.5863 88.7719 100 YEN 65.13 65.26 Note : Th
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