Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
May 23, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.3492 on May 23, 2016. The corresponding rate for the previous day (May 20, 2016) was ₹ 67.4076. 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 20, 2016 May 23, 2016 1 EUR 75.5437 75.6197 1 GBP 98.4555 97.7641 100 YEN 61.17 61.38 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.3492 on May 23, 2016. The corresponding rate for the previous day (May 20, 2016) was ₹ 67.4076. 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 20, 2016 May 23, 2016 1 EUR 75.5437 75.6197 1 GBP 98.4555 97.7641 100 YEN 61.17 61.38 Note : The SDR-Rupee rate will be
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May 20, 2016
Monitoring of Foreign Investment under the PIS in Indian Companies - Removal from the Caution List- FIIs/RFPIs: M/s Multi Commodity Exchange of India Limited
The Reserve Bank of India has today notified that the aggregate share holdings in M/s Multi Commodity Exchange of India Limited 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 Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. The Reserve Bank further notified that all th
The Reserve Bank of India has today notified that the aggregate share holdings in M/s Multi Commodity Exchange of India Limited 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 Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. The Reserve Bank further notified that all th
May 20, 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 09, 2016 to May 13, 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 09-05-2016 1,676 742 314 216 223 182 6,798 7,414 357 3,533 923 49 10-05-2016 2,094 647 375 237 178
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period May 09, 2016 to May 13, 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 09-05-2016 1,676 742 314 216 223 182 6,798 7,414 357 3,533 923 49 10-05-2016 2,094 647 375 237 178
May 20, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.4076 on May 20, 2016. The corresponding rate for the previous day (May 19, 2016) was ₹ 67.2307. 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, 2016 May 20, 2016 1 EUR 75.4530 75.5437 1 GBP 98.0493 98.4555 100 YEN 61.01 61.17 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.4076 on May 20, 2016. The corresponding rate for the previous day (May 19, 2016) was ₹ 67.2307. 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, 2016 May 20, 2016 1 EUR 75.4530 75.5437 1 GBP 98.0493 98.4555 100 YEN 61.01 61.17 Note : The SDR-Rupee rate will be
May 19, 2016
RBI releases data on ECB / FCCB for April 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 April 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2700
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 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2700
May 19, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.2307 on May 19, 2016. The corresponding rate for the previous day (May 18, 2016) was ₹ 66.9131. 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, 2016 May 19, 2016 1 EUR 75.4847 75.4530 1 GBP 96.6091 98.0493 100 YEN 61.25 61.01 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.2307 on May 19, 2016. The corresponding rate for the previous day (May 18, 2016) was ₹ 66.9131. 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, 2016 May 19, 2016 1 EUR 75.4847 75.4530 1 GBP 96.6091 98.0493 100 YEN 61.25 61.01 Note : The SDR-Rupee rate will be
May 18, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.9131 on May 18, 2016. The corresponding rate for the previous day (May 17, 2016) was ₹ 66.7233. 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, 2016 May 18, 2016 1 EUR 75.4907 75.4847 1 GBP 96.5953 96.6091 100 YEN 61.07 61.25 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.9131 on May 18, 2016. The corresponding rate for the previous day (May 17, 2016) was ₹ 66.7233. 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, 2016 May 18, 2016 1 EUR 75.4907 75.4847 1 GBP 96.5953 96.6091 100 YEN 61.07 61.25 Note : The SDR-Rupee rate will be
May 17, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7233 on May 17, 2016. The corresponding rate for the previous day (May 16, 2016) was ₹ 66.8216. 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, 2016 May 17, 2016 1 EUR 75.5953 75.4907 1 GBP 95.9625 96.5953 100 YEN 61.45 61.07 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7233 on May 17, 2016. The corresponding rate for the previous day (May 16, 2016) was ₹ 66.8216. 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, 2016 May 17, 2016 1 EUR 75.5953 75.4907 1 GBP 95.9625 96.5953 100 YEN 61.45 61.07 Note : The SDR-Rupee rate will be
May 16, 2016
Overseas Direct Investment for April 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 April 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2672
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 April 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2672
May 16, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8216 on May 16, 2016. The corresponding rate for the previous day (May 13, 2016) was ₹ 66.7609. 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 13, 2016 May 16, 2016 1 EUR 75.7202 75.5953 1 GBP 96.1557 95.9625 100 YEN 61.47 61.45 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8216 on May 16, 2016. The corresponding rate for the previous day (May 13, 2016) was ₹ 66.7609. 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 13, 2016 May 16, 2016 1 EUR 75.7202 75.5953 1 GBP 96.1557 95.9625 100 YEN 61.47 61.45 Note : The SDR-Rupee rate will be
May 13, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7609 on May 13, 2016. The corresponding rate for the previous day (May 12, 2016) was ₹ 66.5977. 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, 2016 May 13, 2016 1 EUR 76.0612 75.7202 1 GBP 96.1538 96.1557 100 YEN 61.16 61.47 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7609 on May 13, 2016. The corresponding rate for the previous day (May 12, 2016) was ₹ 66.5977. 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, 2016 May 13, 2016 1 EUR 76.0612 75.7202 1 GBP 96.1538 96.1557 100 YEN 61.16 61.47 Note : The SDR-Rupee rate will be
May 13, 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 02, 2016 to May 06, 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 02-05-2016 2,121 962 321 200 210 85 8,674 8,662 481 1,938 3,165 237 03-05-2016 2,039 1,001 417 184
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period May 02, 2016 to May 06, 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 02-05-2016 2,121 962 321 200 210 85 8,674 8,662 481 1,938 3,165 237 03-05-2016 2,039 1,001 417 184
May 12, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.5977 on May 12, 2016. The corresponding rate for the previous day (May 11, 2016) was ₹ 66.6958. 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 11, 2016 May 12, 2016 1 EUR 75.9665 76.0612 1 GBP 96.4355 96.1538 100 YEN 61.43 61.16 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.5977 on May 12, 2016. The corresponding rate for the previous day (May 11, 2016) was ₹ 66.6958. 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 11, 2016 May 12, 2016 1 EUR 75.9665 76.0612 1 GBP 96.4355 96.1538 100 YEN 61.43 61.16 Note : The SDR-Rupee rate will be
May 11, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.6958 on May 11, 2016. The corresponding rate for the previous day (May 10, 2016) was ₹ 66.7224. 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 10, 2016 May 11, 2016 1 EUR 75.9568 75.9665 1 GBP 96.1069 96.4355 100 YEN 61.35 61.43 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.6958 on May 11, 2016. The corresponding rate for the previous day (May 10, 2016) was ₹ 66.7224. 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 10, 2016 May 11, 2016 1 EUR 75.9568 75.9665 1 GBP 96.1069 96.4355 100 YEN 61.35 61.43 Note : The SDR-Rupee rate will be
May 10, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7224 on May 10, 2016. The corresponding rate for the previous day (May 09, 2016) was ₹ 66.4379. 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 09, 2016 May 10, 2016 1 EUR 75.8056 75.9568 1 GBP 95.7702 96.1069 100 YEN 61.73 61.35 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7224 on May 10, 2016. The corresponding rate for the previous day (May 09, 2016) was ₹ 66.4379. 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 09, 2016 May 10, 2016 1 EUR 75.8056 75.9568 1 GBP 95.7702 96.1069 100 YEN 61.73 61.35 Note : The SDR-Rupee rate will be
May 09, 2016
Ease of Doing Business in India: RBI seeks Stakeholders’ Views on Proposed Change in Forex Rules to mandate Demat holding of Securities by Non-residents
It is proposed to amend the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 to mandate that foreign investment by non-residents, including non-resident Indians on repatriation basis, can be made in equity, debt and any other approved securities only in dematerialised form. Consequently, the depositories, namely, the National Securities Depository Limited (NSDL) and the Central Depository Services (India)
It is proposed to amend the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 to mandate that foreign investment by non-residents, including non-resident Indians on repatriation basis, can be made in equity, debt and any other approved securities only in dematerialised form. Consequently, the depositories, namely, the National Securities Depository Limited (NSDL) and the Central Depository Services (India)
May 09, 2016
FIIs/RFPIs/QFls/NRIs/PIO can now invest up to 49 per cent under PIS in M/s Ujjivan Financial Services Limited
The Reserve Bank of India has today notified that in view of listing of shares of the Company, M/s Ujjivan Financial Services Limited on stock exchange, the aggregate investment ceiling for Foreign Institutional Investor (FII)/Registered Foreign Portfolios Investors (RFPI) investment under Portfolio Investment Scheme shall remain at 49%. The Reserve Bank has further advised that the aggregate limit for NRI investment shall not exceed 10%. The total foreign investment
The Reserve Bank of India has today notified that in view of listing of shares of the Company, M/s Ujjivan Financial Services Limited on stock exchange, the aggregate investment ceiling for Foreign Institutional Investor (FII)/Registered Foreign Portfolios Investors (RFPI) investment under Portfolio Investment Scheme shall remain at 49%. The Reserve Bank has further advised that the aggregate limit for NRI investment shall not exceed 10%. The total foreign investment
May 09, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.4379 on May 09, 2016. The corresponding rate for the previous day (May 06, 2016) was ₹ 66.5830. 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 06, 2016 May 09, 2016 1 EUR 75.9313 75.8056 1 GBP 96.3456 95.7702 100 YEN 62.13 61.73 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.4379 on May 09, 2016. The corresponding rate for the previous day (May 06, 2016) was ₹ 66.5830. 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 06, 2016 May 09, 2016 1 EUR 75.9313 75.8056 1 GBP 96.3456 95.7702 100 YEN 62.13 61.73 Note : The SDR-Rupee rate will be
May 06, 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 April 25, 2016 to April 29, 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 25-04-2016 2,559 916 835 195 284 279 7,526 8,112 571 3,800 1,775 103 26-04-2016 3,096 1,025 1,2
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period April 25, 2016 to April 29, 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 25-04-2016 2,559 916 835 195 284 279 7,526 8,112 571 3,800 1,775 103 26-04-2016 3,096 1,025 1,2
May 06, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.5830 on May 06, 2016. The corresponding rate for the previous day (May 05, 2016) was ₹ 66.5105. 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 05, 2016 May 06, 2016 1 EUR 76.3807 75.9313 1 GBP 96.5865 96.3456 100 YEN 62.15 62.13 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.5830 on May 06, 2016. The corresponding rate for the previous day (May 05, 2016) was ₹ 66.5105. 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 05, 2016 May 06, 2016 1 EUR 76.3807 75.9313 1 GBP 96.5865 96.3456 100 YEN 62.15 62.13 Note : The SDR-Rupee rate will be
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