Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Jun 24, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.0144 on June 24, 2016. The corresponding rate for the previous day (June 23, 2016) was ₹ 67.3702. 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 June 23, 2016 June 24, 2016 1 EUR 76.3776 75.1015 1 GBP 99.4721 92.9553 100 YEN 64.52 66.45 Note : The SDR-Rupee rate wil
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.0144 on June 24, 2016. The corresponding rate for the previous day (June 23, 2016) was ₹ 67.3702. 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 June 23, 2016 June 24, 2016 1 EUR 76.3776 75.1015 1 GBP 99.4721 92.9553 100 YEN 64.52 66.45 Note : The SDR-Rupee rate wil
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Jun 23, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.3702 on June 23, 2016. The corresponding rate for the previous day (June 22, 2016) was ₹ 67.5570. 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 June 22, 2016 June 23, 2016 1 EUR 76.0354 76.3776 1 GBP 99.1534 99.4721 100 YEN 64.61 64.52 Note : The SDR-Rupee rate wil
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.3702 on June 23, 2016. The corresponding rate for the previous day (June 22, 2016) was ₹ 67.5570. 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 June 22, 2016 June 23, 2016 1 EUR 76.0354 76.3776 1 GBP 99.1534 99.4721 100 YEN 64.61 64.52 Note : The SDR-Rupee rate wil
Jun 23, 2016
RBI releases data on ECB / FCCB for May 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 May 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2986
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 May 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2986
Jun 22, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.5570 on June 22, 2016. The corresponding rate for the previous day (June 21, 2016) was ₹ 67.4767. 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 June 21, 2016 June 22, 2016 1 EUR 76.4511 76.0354 1 GBP 99.2582 99.1534 100 YEN 64.59 64.61 Note : The SDR-Rupee rate wil
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.5570 on June 22, 2016. The corresponding rate for the previous day (June 21, 2016) was ₹ 67.4767. 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 June 21, 2016 June 22, 2016 1 EUR 76.4511 76.0354 1 GBP 99.2582 99.1534 100 YEN 64.59 64.61 Note : The SDR-Rupee rate wil
Jun 21, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.4767 on June 21, 2016. The corresponding rate for the previous day (June 20, 2016) was ₹ 67.4087. 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 June 20, 2016 June 21, 2016 1 EUR 76.5358 76.4511 1 GBP 98.1538 99.2582 100 YEN 64.44 64.59 Note : The SDR-Rupee rate wil
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.4767 on June 21, 2016. The corresponding rate for the previous day (June 20, 2016) was ₹ 67.4087. 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 June 20, 2016 June 21, 2016 1 EUR 76.5358 76.4511 1 GBP 98.1538 99.2582 100 YEN 64.44 64.59 Note : The SDR-Rupee rate wil
Jun 20, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.4087 on June 20, 2016. The corresponding rate for the previous day (June 17, 2016) was ₹ 67.1682. 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 June 17, 2016 June 20, 2016 1 EUR 75.4568 76.5358 1 GBP 95.5535 98.1538 100 YEN 64.39 64.44 Note : The SDR-Rupee rate wil
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.4087 on June 20, 2016. The corresponding rate for the previous day (June 17, 2016) was ₹ 67.1682. 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 June 17, 2016 June 20, 2016 1 EUR 75.4568 76.5358 1 GBP 95.5535 98.1538 100 YEN 64.39 64.44 Note : The SDR-Rupee rate wil
Jun 17, 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 June 06, 2016 to June 10, 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 06-06-2016 3,329 575 635 209 309 334 7,332 7,605 372 3,815 1,209 51 07-06-2016 2,489 979 667 133
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period June 06, 2016 to June 10, 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 06-06-2016 3,329 575 635 209 309 334 7,332 7,605 372 3,815 1,209 51 07-06-2016 2,489 979 667 133
Jun 17, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.1682 on June 17, 2016. The corresponding rate for the previous day (June 16, 2016) was ₹ 67.2068. 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 June 16, 2016 June 17, 2016 1 EUR 75.8160 75.4568 1 GBP 95.2388 95.5535 100 YEN 64.55 64.39 Note : The SDR-Rupee rate wil
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.1682 on June 17, 2016. The corresponding rate for the previous day (June 16, 2016) was ₹ 67.2068. 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 June 16, 2016 June 17, 2016 1 EUR 75.8160 75.4568 1 GBP 95.2388 95.5535 100 YEN 64.55 64.39 Note : The SDR-Rupee rate wil
Jun 16, 2016
Monitoring of Foreign Investment under the PIS in Indian Companies - Removal from the Caution List- FIIs/RFPIs: M/s Carborundum Universal Ltd.
The Reserve Bank of India has today notified that the aggregate share holdings in M/s Carborundum Universal Ltd. by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) have gone below the prescribed threshold caution limit stipulated under the extant FDI policy. Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. Equity shares of M/s Carborundum Universal Ltd. can now be p
The Reserve Bank of India has today notified that the aggregate share holdings in M/s Carborundum Universal Ltd. by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) have gone below the prescribed threshold caution limit stipulated under the extant FDI policy. Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. Equity shares of M/s Carborundum Universal Ltd. can now be p
Jun 16, 2016
Developments in India’s Balance of Payments during the Fourth Quarter (January-March) of 2015-16
Preliminary data on India’s balance of payments (BoP) for the fourth quarter (Q4) i.e., January-March 2015-16 are presented in Statements I (BPM6 format) and II (old format). Key Features of India’s BoP in Q4 of 2015-16 India’s current account deficit (CAD) narrowed sharply to US$ 0.3 billion (0.1 per cent of GDP) in Q4 of 2015-16, significantly lower than US$ 7.1 billion (1.3 per cent of GDP) in Q3 of 2015-16 and marginally lower than US$ 0.7 billion (0.1 per cent of
Preliminary data on India’s balance of payments (BoP) for the fourth quarter (Q4) i.e., January-March 2015-16 are presented in Statements I (BPM6 format) and II (old format). Key Features of India’s BoP in Q4 of 2015-16 India’s current account deficit (CAD) narrowed sharply to US$ 0.3 billion (0.1 per cent of GDP) in Q4 of 2015-16, significantly lower than US$ 7.1 billion (1.3 per cent of GDP) in Q3 of 2015-16 and marginally lower than US$ 0.7 billion (0.1 per cent of
Jun 16, 2016
Sources of Variation in Foreign Exchange Reserves in India during 2015-16
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for January-March 2016 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during 2015-16 have been compiled. Sources of Variation in Foreign Exchange Reserves: 2015-16 During 2015-16, there was an increase in the foreign exchange reserves. The sources of variation in the foreign exchange reserves are set out in Table 1. T
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for January-March 2016 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during 2015-16 have been compiled. Sources of Variation in Foreign Exchange Reserves: 2015-16 During 2015-16, there was an increase in the foreign exchange reserves. The sources of variation in the foreign exchange reserves are set out in Table 1. T
Jun 16, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.2068 on June 16, 2016. The corresponding rate for the previous day (June 15, 2016) was ₹ 67.1596. 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 June 15, 2016 June 16, 2016 1 EUR 75.2859 75.8160 1 GBP 95.1114 95.2388 100 YEN 63.19 64.55 Note : The SDR-Rupee rate wil
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.2068 on June 16, 2016. The corresponding rate for the previous day (June 15, 2016) was ₹ 67.1596. 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 June 15, 2016 June 16, 2016 1 EUR 75.2859 75.8160 1 GBP 95.1114 95.2388 100 YEN 63.19 64.55 Note : The SDR-Rupee rate wil
Jun 15, 2016
Monitoring of Foreign Investment in Indian Companies under PIS - Incorporation in Ban list - FII/RFPI/FDI/NRI/ADR/GDR/PIO : M/s M/s Ujjivan Financial Services Ltd
The Reserve Bank of India has today notified that the aggregate foreign shareholdings through Foreign Institutional Investors (FII)/Registered Foreign Portfolios Investors (RFPIs)/Foreign Direct Investment (FDI)/Non-Resident Indians (NRI)/American Depository Receipts (ADR)/Global Depository Receipts (GDR)/Persons of Indian Origin (PIO) in M/s Ujjivan Financial Services Ltd. has crossed the permissible limit. Hence it may please be noted that no further purchase of sha
The Reserve Bank of India has today notified that the aggregate foreign shareholdings through Foreign Institutional Investors (FII)/Registered Foreign Portfolios Investors (RFPIs)/Foreign Direct Investment (FDI)/Non-Resident Indians (NRI)/American Depository Receipts (ADR)/Global Depository Receipts (GDR)/Persons of Indian Origin (PIO) in M/s Ujjivan Financial Services Ltd. has crossed the permissible limit. Hence it may please be noted that no further purchase of sha
Jun 15, 2016
Overseas Direct Investment for May 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 May 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2908
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 May 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2908
Jun 15, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.1596 on June 15, 2016. The corresponding rate for the previous day (June 14, 2016) was ₹ 67.1520. 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 June 14, 2016 June 15, 2016 1 EUR 75.7542 75.2859 1 GBP 95.1007 95.1114 100 YEN 63.46 63.19 Note : The SDR-Rupee rate wil
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.1596 on June 15, 2016. The corresponding rate for the previous day (June 14, 2016) was ₹ 67.1520. 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 June 14, 2016 June 15, 2016 1 EUR 75.7542 75.2859 1 GBP 95.1007 95.1114 100 YEN 63.46 63.19 Note : The SDR-Rupee rate wil
Jun 14, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.1520 on June 14, 2016. The corresponding rate for the previous day (June 13, 2016) was ₹ 67.0737. 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 June 13, 2016 June 14, 2016 1 EUR 75.5116 75.7542 1 GBP 95.1172 95.1007 100 YEN 63.32 63.46 Note : The SDR-Rupee rate wil
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.1520 on June 14, 2016. The corresponding rate for the previous day (June 13, 2016) was ₹ 67.0737. 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 June 13, 2016 June 14, 2016 1 EUR 75.5116 75.7542 1 GBP 95.1172 95.1007 100 YEN 63.32 63.46 Note : The SDR-Rupee rate wil
Jun 13, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0737 on June 13, 2016. The corresponding rate for the previous day (June 10, 2016) was ₹ 66.7948. 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 June 10, 2016 June 13, 2016 1 EUR 75.4714 75.5116 1 GBP 96.5719 95.1172 100 YEN 62.40 63.32 Note : The SDR-Rupee rate wil
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0737 on June 13, 2016. The corresponding rate for the previous day (June 10, 2016) was ₹ 66.7948. 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 June 10, 2016 June 13, 2016 1 EUR 75.4714 75.5116 1 GBP 96.5719 95.1172 100 YEN 62.40 63.32 Note : The SDR-Rupee rate wil
Jun 10, 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 May 30, 2016 to June 03, 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 30-05-2016 1,397 853 950 138 379 181 5,652 4,178 410 2,286 1,162 34 31-05-2016 3,612 1,777 3,758 1
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period May 30, 2016 to June 03, 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 30-05-2016 1,397 853 950 138 379 181 5,652 4,178 410 2,286 1,162 34 31-05-2016 3,612 1,777 3,758 1
Jun 10, 2016
FIIs/RFPIs can now invest up to 80 per cent under PIS in M/s IIFL Holdings Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest from the existing 100 per cent up to 80 per cent of the paid up capital of M/s IIFL Holdings Limited (Formerly India Infoline Limited) under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the Company has passed resolutions at its Board of Directors’ level and a special resolution by the shareho
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest from the existing 100 per cent up to 80 per cent of the paid up capital of M/s IIFL Holdings Limited (Formerly India Infoline Limited) under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the Company has passed resolutions at its Board of Directors’ level and a special resolution by the shareho
Jun 10, 2016
FIIs/RFPIs can now invest up to 74 per cent under PIS in M/s Yes Bank Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest from the existing 60 per cent up to 74 per cent of the paid up capital of M/s Yes Bank Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank further notified that the total foreign investment from all sources i.e. Foreign Institutional Investors (FII)/ Registered Foreign Portfolios Investors (RFPIs)/ Fo
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest from the existing 60 per cent up to 74 per cent of the paid up capital of M/s Yes Bank Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank further notified that the total foreign investment from all sources i.e. Foreign Institutional Investors (FII)/ Registered Foreign Portfolios Investors (RFPIs)/ Fo
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