Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Feb 04, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.8093 on February 04, 2016. The corresponding rate for the previous day (February 03, 2016) was ₹ 68.1825. 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 February 03, 2016 February 04, 2016 1 EUR 74.4553 75.1327 1 GBP 98.3192 98.7914 100 YEN 56.98 57.42 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.8093 on February 04, 2016. The corresponding rate for the previous day (February 03, 2016) was ₹ 68.1825. 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 February 03, 2016 February 04, 2016 1 EUR 74.4553 75.1327 1 GBP 98.3192 98.7914 100 YEN 56.98 57.42 Note : The SD
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Feb 03, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.1825 on February 03, 2016. The corresponding rate for the previous day (February 02, 2016) was ₹ 67.8340. 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 February 02, 2016 February 03, 2016 1 EUR 73.9323 74.4553 1 GBP 97.6131 98.3192 100 YEN 56.21 56.98 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.1825 on February 03, 2016. The corresponding rate for the previous day (February 02, 2016) was ₹ 67.8340. 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 February 02, 2016 February 03, 2016 1 EUR 73.9323 74.4553 1 GBP 97.6131 98.3192 100 YEN 56.21 56.98 Note : The SD
Feb 02, 2016
RBI announces Regulatory Relaxations for Startups
In paragraph 14 of the Sixth Bi-monthly Monetary Policy Statement for 2015-16 released today, the Governor highlighted the steps being taken by the Reserve Bank of India, in keeping with the Government’s initiatives to promote the ease of doing business and contribute to an eco-system conducive for growth of entrepreneurship, particularly in respect of the start-up enterprises. The details are: The following regulatory changes for easing the cross-border transactions,
In paragraph 14 of the Sixth Bi-monthly Monetary Policy Statement for 2015-16 released today, the Governor highlighted the steps being taken by the Reserve Bank of India, in keeping with the Government’s initiatives to promote the ease of doing business and contribute to an eco-system conducive for growth of entrepreneurship, particularly in respect of the start-up enterprises. The details are: The following regulatory changes for easing the cross-border transactions,
Feb 02, 2016
FIIs/RFPIs can now invest up to 100 per cent under PIS in M/s Vertex Securities Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M/s Vertex Securities 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 shareholders, agreeing for enhancing the limit for the purchase of
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M/s Vertex Securities 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 shareholders, agreeing for enhancing the limit for the purchase of
Feb 02, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.8340 on February 02, 2016. The corresponding rate for the previous day (February 01, 2016) was ₹ 67.6728. 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 February 01, 2016 February 02, 2016 1 EUR 73.4115 73.9323 1 GBP 96.5149 97.6131 100 YEN 55.78 56.21 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.8340 on February 02, 2016. The corresponding rate for the previous day (February 01, 2016) was ₹ 67.6728. 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 February 01, 2016 February 02, 2016 1 EUR 73.4115 73.9323 1 GBP 96.5149 97.6131 100 YEN 55.78 56.21 Note : The SD
Feb 01, 2016
RBI asks Banks to file FDI related Forms Online from February 8
The Reserve Bank of India has today asked authorised dealers (AD) Category - I banks to mandatorily file, from February 8, 2016, forms Advanced Remittance Form (ARF), Foreign Collaboration General Permission Route(FC-GPR) and Foreign Collaboration Transfer of Shares (FC-TRS) only through online mode on e-Biz portal. Physical filing of these forms will be discontinued from February 8, 2016. At present, the facility for online filing of ARF, FC-GPR and FC-TRS forms rela
The Reserve Bank of India has today asked authorised dealers (AD) Category - I banks to mandatorily file, from February 8, 2016, forms Advanced Remittance Form (ARF), Foreign Collaboration General Permission Route(FC-GPR) and Foreign Collaboration Transfer of Shares (FC-TRS) only through online mode on e-Biz portal. Physical filing of these forms will be discontinued from February 8, 2016. At present, the facility for online filing of ARF, FC-GPR and FC-TRS forms rela
Feb 01, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.6728 on February 01, 2016. The corresponding rate for the previous day (January 29, 2016) was ₹ 67.8763. 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 January 29, 2016 February 01, 2016 1 EUR 74.0666 73.4115 1 GBP 97.7554 96.5149 100 YEN 56.26 55.78 Note : The SDR-
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.6728 on February 01, 2016. The corresponding rate for the previous day (January 29, 2016) was ₹ 67.8763. 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 January 29, 2016 February 01, 2016 1 EUR 74.0666 73.4115 1 GBP 97.7554 96.5149 100 YEN 56.26 55.78 Note : The SDR-
Jan 29, 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 January 18, 2016 to January 22, 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 18-01-2016 1,381 746 805 145 201 170 6,963 2,179 354 2,506 577 9 19-01-2016 1,939 856 810 1
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period January 18, 2016 to January 22, 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 18-01-2016 1,381 746 805 145 201 170 6,963 2,179 354 2,506 577 9 19-01-2016 1,939 856 810 1
Jan 29, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.8763 on January 29, 2016. The corresponding rate for the previous day (January 28, 2016) was ₹ 68.0858. 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 January 28, 2016 January 29, 2016 1 EUR 74.0637 74.0666 1 GBP 97.0155 97.7554 100 YEN 57.36 56.26 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.8763 on January 29, 2016. The corresponding rate for the previous day (January 28, 2016) was ₹ 68.0858. 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 January 28, 2016 January 29, 2016 1 EUR 74.0637 74.0666 1 GBP 97.0155 97.7554 100 YEN 57.36 56.26 Note : The SDR-Ru
Jan 28, 2016
FIIs/RFPIs can now invest up to 49 per cent under PIS in M/s PC Jeweller Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of M/s PC Jeweller 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 shareholders, agreeing for enhancing the limit for the purchase of its equ
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of M/s PC Jeweller 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 shareholders, agreeing for enhancing the limit for the purchase of its equ
Jan 28, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.0858 on January 28, 2016. The corresponding rate for the previous day (January 27, 2016) was ₹ 67.9803. 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 January 27, 2016 January 28, 2016 1 EUR 73.8130 74.0637 1 GBP 97.5109 97.0155 100 YEN 57.45 57.36 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.0858 on January 28, 2016. The corresponding rate for the previous day (January 27, 2016) was ₹ 67.9803. 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 January 27, 2016 January 28, 2016 1 EUR 73.8130 74.0637 1 GBP 97.5109 97.0155 100 YEN 57.45 57.36 Note : The SDR-Ru
Jan 27, 2016
RBI releases data on ECB / FCCB for December 2015
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 December 2015. Ajit Prasad Assistant Adviser Press Release: 2015-2016/1753
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 December 2015. Ajit Prasad Assistant Adviser Press Release: 2015-2016/1753
Jan 27, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.9803 on January 27, 2016. The corresponding rate for the previous day (January 25, 2016) was ₹ 67.6428. 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 January 25, 2016 January 27, 2016 1 EUR 73.1219 73.8130 1 GBP 96.7360 97.5109 100 YEN 56.93 57.45 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.9803 on January 27, 2016. The corresponding rate for the previous day (January 25, 2016) was ₹ 67.6428. 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 January 25, 2016 January 27, 2016 1 EUR 73.1219 73.8130 1 GBP 96.7360 97.5109 100 YEN 56.93 57.45 Note : The SDR-Ru
Jan 25, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.6428 on January 25, 2016. The corresponding rate for the previous day (January 22, 2016) was ₹ 67.7480. 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 January 22, 2016 January 25, 2016 1 EUR 73.4050 73.1219 1 GBP 96.4461 96.7360 100 YEN 57.38 56.93 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.6428 on January 25, 2016. The corresponding rate for the previous day (January 22, 2016) was ₹ 67.7480. 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 January 22, 2016 January 25, 2016 1 EUR 73.4050 73.1219 1 GBP 96.4461 96.7360 100 YEN 57.38 56.93 Note : The SDR-Ru
Jan 22, 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 January 11, 2016 to January 15, 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 11-01-2016 2,301 730 861 263 260 182 8,524 7,401 774 2,838 1,522 70 12-01-2016 1,749 869 68
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period January 11, 2016 to January 15, 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 11-01-2016 2,301 730 861 263 260 182 8,524 7,401 774 2,838 1,522 70 12-01-2016 1,749 869 68
Jan 22, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.7480 on January 22, 2016. The corresponding rate for the previous day (January 21, 2016) was ₹ 68.0600. 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 January 21, 2016 January 22, 2016 1 EUR 74.1650 73.4050 1 GBP 96.5567 96.4461 100 YEN 58.30 57.38 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.7480 on January 22, 2016. The corresponding rate for the previous day (January 21, 2016) was ₹ 68.0600. 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 January 21, 2016 January 22, 2016 1 EUR 74.1650 73.4050 1 GBP 96.5567 96.4461 100 YEN 58.30 57.38 Note : The SDR-Ru
Jan 21, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.0600 on January 21, 2016. The corresponding rate for the previous day (January 20, 2016) was ₹ 67.9774. 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 January 20, 2016 January 21, 2016 1 EUR 74.4828 74.1650 1 GBP 96.2016 96.5567 100 YEN 58.24 58.30 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.0600 on January 21, 2016. The corresponding rate for the previous day (January 20, 2016) was ₹ 67.9774. 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 January 20, 2016 January 21, 2016 1 EUR 74.4828 74.1650 1 GBP 96.2016 96.5567 100 YEN 58.24 58.30 Note : The SDR-Ru
Jan 20, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.9774 on January 20, 2016. The corresponding rate for the previous day (January 19, 2016) was ₹ 67.5630. 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 January 19, 2016 January 20, 2016 1 EUR 73.5018 74.4828 1 GBP 96.4192 96.2016 100 YEN 57.37 58.24 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.9774 on January 20, 2016. The corresponding rate for the previous day (January 19, 2016) was ₹ 67.5630. 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 January 19, 2016 January 20, 2016 1 EUR 73.5018 74.4828 1 GBP 96.4192 96.2016 100 YEN 57.37 58.24 Note : The SDR-Ru
Jan 19, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.5630 on January 19, 2016. The corresponding rate for the previous day (January 18, 2016) was ₹ 67.5880. 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 January 18, 2016 January 19, 2016 1 EUR 73.6101 73.5018 1 GBP 96.4819 96.4192 100 YEN 57.68 57.37 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.5630 on January 19, 2016. The corresponding rate for the previous day (January 18, 2016) was ₹ 67.5880. 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 January 18, 2016 January 19, 2016 1 EUR 73.6101 73.5018 1 GBP 96.4819 96.4192 100 YEN 57.68 57.37 Note : The SDR-Ru
Jan 18, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.5880 on January 18, 2016. The corresponding rate for the previous day (January 15, 2016) was ₹ 67.4325. 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 January 15, 2016 January 18, 2016 1 EUR 73.3868 73.6101 1 GBP 97.1095 96.4819 100 YEN 57.25 57.68 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.5880 on January 18, 2016. The corresponding rate for the previous day (January 15, 2016) was ₹ 67.4325. 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 January 15, 2016 January 18, 2016 1 EUR 73.3868 73.6101 1 GBP 97.1095 96.4819 100 YEN 57.25 57.68 Note : The SDR-Ru
Jan 15, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.4325 on January 15, 2016. The corresponding rate for the previous day (January 14, 2016) was ₹ 67.0950. 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 January 14, 2016 January 15, 2016 1 EUR 72.9725 73.3868 1 GBP 96.6369 97.1095 100 YEN 57.01 57.25 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.4325 on January 15, 2016. The corresponding rate for the previous day (January 14, 2016) was ₹ 67.0950. 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 January 14, 2016 January 15, 2016 1 EUR 72.9725 73.3868 1 GBP 96.6369 97.1095 100 YEN 57.01 57.25 Note : The SDR-Ru
Jan 15, 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 January 04 to January 08, 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 04-01-2016 1,523 972 1,165 165 235 113 7,579 7,318 357 3,023 1,077 32 05-01-2016 1,574 1,086 691
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period January 04 to January 08, 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 04-01-2016 1,523 972 1,165 165 235 113 7,579 7,318 357 3,023 1,077 32 05-01-2016 1,574 1,086 691
Jan 14, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0950 on January 14, 2016. The corresponding rate for the previous day (January 13, 2016) was ₹ 66.8394. 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 January 13, 2016 January 14, 2016 1 EUR 72.4272 72.9725 1 GBP 96.6030 96.6369 100 YEN 56.57 57.01 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0950 on January 14, 2016. The corresponding rate for the previous day (January 13, 2016) was ₹ 66.8394. 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 January 13, 2016 January 14, 2016 1 EUR 72.4272 72.9725 1 GBP 96.6030 96.6369 100 YEN 56.57 57.01 Note : The SDR-Ru
Jan 13, 2016
Overseas Direct Investment for December 2015
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 December 2015. Ajit Prasad Assistant Adviser Press Release: 2015-2016/1652
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 December 2015. Ajit Prasad Assistant Adviser Press Release: 2015-2016/1652
Jan 13, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8394 on January 13, 2016. The corresponding rate for the previous day (January 12, 2016) was ₹ 66.8905. 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 January 12, 2016 January 13, 2016 1 EUR 72.7434 72.4272 1 GBP 97.1518 96.6030 100 YEN 56.91 56.57 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8394 on January 13, 2016. The corresponding rate for the previous day (January 12, 2016) was ₹ 66.8905. 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 January 12, 2016 January 13, 2016 1 EUR 72.7434 72.4272 1 GBP 97.1518 96.6030 100 YEN 56.91 56.57 Note : The SDR-Ru
Jan 12, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8905 on January 12, 2016. The corresponding rate for the previous day (January 11, 2016) was ₹ 66.7885. 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 January 11, 2016 January 12, 2016 1 EUR 72.9264 72.7434 1 GBP 97.0570 97.1518 100 YEN 56.93 56.91 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8905 on January 12, 2016. The corresponding rate for the previous day (January 11, 2016) was ₹ 66.7885. 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 January 11, 2016 January 12, 2016 1 EUR 72.9264 72.7434 1 GBP 97.0570 97.1518 100 YEN 56.93 56.91 Note : The SDR-Ru
Jan 11, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7885 on January 11, 2016. The corresponding rate for the previous day (January 08, 2016) was ₹ 66.6690. 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 January 08, 2016 January 11, 2016 1 EUR 72.5292 72.9264 1 GBP 97.4501 97.0570 100 YEN 56.32 56.93 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7885 on January 11, 2016. The corresponding rate for the previous day (January 08, 2016) was ₹ 66.6690. 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 January 08, 2016 January 11, 2016 1 EUR 72.5292 72.9264 1 GBP 97.4501 97.0570 100 YEN 56.32 56.93 Note : The SDR-Ru
Jan 11, 2016
RBI releases data on ECB / FCCB for November 2015
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 November 2015. Ajit Prasad Assistant Adviser Press Release: 2015-2016/1620
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 November 2015. Ajit Prasad Assistant Adviser Press Release: 2015-2016/1620
Jan 08, 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 December 28, 2015 to January 01, 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 28-12-2015 3,544 1,272 560 324 541 546 6,315 6,997 125 2,280 2,552 72 29-12-2015 3,091 2,2
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period December 28, 2015 to January 01, 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 28-12-2015 3,544 1,272 560 324 541 546 6,315 6,997 125 2,280 2,552 72 29-12-2015 3,091 2,2
Jan 08, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.6690 on January 08, 2016. The corresponding rate for the previous day (January 07, 2016) was ₹ 66.9115. 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 January 07, 2016 January 08, 2016 1 EUR 72.3782 72.5292 1 GBP 97.8514 97.4501 100 YEN 56.78 56.32 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.6690 on January 08, 2016. The corresponding rate for the previous day (January 07, 2016) was ₹ 66.9115. 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 January 07, 2016 January 08, 2016 1 EUR 72.3782 72.5292 1 GBP 97.8514 97.4501 100 YEN 56.78 56.32 Note : The SDR-Ru
Jan 07, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.9115 on January 07, 2016. The corresponding rate for the previous day (January 06, 2016) was ₹ 66.7165. 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 January 06, 2016 January 07, 2016 1 EUR 71.7002 72.3782 1 GBP 97.7730 97.8514 100 YEN 56.19 56.78 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.9115 on January 07, 2016. The corresponding rate for the previous day (January 06, 2016) was ₹ 66.7165. 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 January 06, 2016 January 07, 2016 1 EUR 71.7002 72.3782 1 GBP 97.7730 97.8514 100 YEN 56.19 56.78 Note : The SDR-Ru
Jan 06, 2016
FIIs/RFPIs and NRIs can now invest up to 100 per cent and 24 per cent respectively under PIS in M/s Transwarranty Finance Limited - Removal from the caution list
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) and Non Resident Indians (NRIs) can now invest up to 100 per cent and 24 per cent respectively of the paid up capital of M/s Transwarranty Finance Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank further advised that the foreign shareholding by NRIs in M/s Transwarranty Finance Limited have gone below the revised
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) and Non Resident Indians (NRIs) can now invest up to 100 per cent and 24 per cent respectively of the paid up capital of M/s Transwarranty Finance Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank further advised that the foreign shareholding by NRIs in M/s Transwarranty Finance Limited have gone below the revised
Jan 06, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7165 on January 06, 2016. The corresponding rate for the previous day (January 05, 2016) was ₹ 66.5418. 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 January 05, 2016 January 06, 2016 1 EUR 72.0315 71.7002 1 GBP 97.9562 97.7730 100 YEN 55.71 56.19 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.7165 on January 06, 2016. The corresponding rate for the previous day (January 05, 2016) was ₹ 66.5418. 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 January 05, 2016 January 06, 2016 1 EUR 72.0315 71.7002 1 GBP 97.9562 97.7730 100 YEN 55.71 56.19 Note : The SDR-Ru
Jan 05, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.5418 on January 05, 2016. The corresponding rate for the previous day (January 04, 2016) was ₹ 66.4623. 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 January 04, 2016 January 05, 2016 1 EUR 72.3907 72.0315 1 GBP 97.9455 97.9562 100 YEN 55.65 55.71 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.5418 on January 05, 2016. The corresponding rate for the previous day (January 04, 2016) was ₹ 66.4623. 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 January 04, 2016 January 05, 2016 1 EUR 72.3907 72.0315 1 GBP 97.9455 97.9562 100 YEN 55.65 55.71 Note : The SDR-Ru
Jan 04, 2016
RBI simplifies Communication Process: Issues Comprehensive Master Directions, to begin with on Forex
The Reserve Bank of India today issued 17 Master Directions covering foreign exchange transactions. Master Directions on foreign exchange being issued today consolidate relevant A.P (DIR Series) Circulars issued so far within the ambit of the relevant regulations, amended up to date and cover different classes of transactions permitted under the rules and regulations framed under the Foreign Exchange Management Act, 1999 (FEMA). Master Directions on foreign exchange m
The Reserve Bank of India today issued 17 Master Directions covering foreign exchange transactions. Master Directions on foreign exchange being issued today consolidate relevant A.P (DIR Series) Circulars issued so far within the ambit of the relevant regulations, amended up to date and cover different classes of transactions permitted under the rules and regulations framed under the Foreign Exchange Management Act, 1999 (FEMA). Master Directions on foreign exchange m
Jan 04, 2016
FIIs/RFPIs can now invest up to 49 per cent under PIS in M/s SITI Cable Network Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of M/s SITI Cable Network 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 shareholders, agreeing for enhancing the limit for the purchase of
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of M/s SITI Cable Network 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 shareholders, agreeing for enhancing the limit for the purchase of
Jan 04, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.4623 on January 04, 2016. The corresponding rate for the previous day (January 01, 2016) was ₹ 66.1780. 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 January 01, 2016 January 04, 2016 1 EUR 71.8627 72.3907 1 GBP 97.6059 97.9455 100 YEN 55.01 55.65 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.4623 on January 04, 2016. The corresponding rate for the previous day (January 01, 2016) was ₹ 66.1780. 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 January 01, 2016 January 04, 2016 1 EUR 71.8627 72.3907 1 GBP 97.6059 97.9455 100 YEN 55.01 55.65 Note : The SDR-Ru
Jan 01, 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 December 21, 2015 to December 23, 2015. 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 21-12-2015 2,902 1,636 888 255 205 191 6,361 6,506 552 1,915 1,896 85 22-12-2015 2,348 1,
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period December 21, 2015 to December 23, 2015. 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 21-12-2015 2,902 1,636 888 255 205 191 6,361 6,506 552 1,915 1,896 85 22-12-2015 2,348 1,
Jan 01, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.1780 on January 01, 2016. The corresponding rate for the previous day (December 31, 2015) was ₹ 66.3260. 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 December 31, 2015 January 01, 2016 1 EUR 72.5010 71.8627 1 GBP 98.3482 97.6059 100 YEN 55.09 55.01 Note : The SDR-
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.1780 on January 01, 2016. The corresponding rate for the previous day (December 31, 2015) was ₹ 66.3260. 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 December 31, 2015 January 01, 2016 1 EUR 72.5010 71.8627 1 GBP 98.3482 97.6059 100 YEN 55.09 55.01 Note : The SDR-
Dec 31, 2015
India’s International Investment Position (IIP), September 2015
International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (a) financial assets of residents of an economy that are claims on non-residents, and gold bullion held as reserve assets; and (b) liabilities of residents of an economy to non-residents. The difference between an economy's external financial assets and liabilities is its net IIP, which may be positive or negative. Such balance sheet anal
International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (a) financial assets of residents of an economy that are claims on non-residents, and gold bullion held as reserve assets; and (b) liabilities of residents of an economy to non-residents. The difference between an economy's external financial assets and liabilities is its net IIP, which may be positive or negative. Such balance sheet anal
Dec 31, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.3260 on December 31, 2015. The corresponding rate for the previous day (December 30, 2015) was ₹ 66.4243. 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 December 30, 2015 December 31, 2015 1 EUR 72.6018 72.5010 1 GBP 98.5471 98.3482 100 YEN 55.17 55.09 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.3260 on December 31, 2015. The corresponding rate for the previous day (December 30, 2015) was ₹ 66.4243. 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 December 30, 2015 December 31, 2015 1 EUR 72.6018 72.5010 1 GBP 98.5471 98.3482 100 YEN 55.17 55.09 Note : The SD
Dec 30, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.4243 on December 30, 2015. The corresponding rate for the previous day (December 29, 2015) was ₹ 66.3700. 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 December 29, 2015 December 30, 2015 1 EUR 72.8477 72.6018 1 GBP 98.9112 98.5471 100 YEN 55.16 55.17 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.4243 on December 30, 2015. The corresponding rate for the previous day (December 29, 2015) was ₹ 66.3700. 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 December 29, 2015 December 30, 2015 1 EUR 72.8477 72.6018 1 GBP 98.9112 98.5471 100 YEN 55.16 55.17 Note : The SD
Dec 29, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.3700 on December 29, 2015. The corresponding rate for the previous day (December 28, 2015) was ₹ 66.1380. 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 December 28, 2015 December 29, 2015 1 EUR 72.5534 72.8477 1 GBP 98.6911 98.9112 100 YEN 54.92 55.16 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.3700 on December 29, 2015. The corresponding rate for the previous day (December 28, 2015) was ₹ 66.1380. 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 December 28, 2015 December 29, 2015 1 EUR 72.5534 72.8477 1 GBP 98.6911 98.9112 100 YEN 54.92 55.16 Note : The SD
Dec 28, 2015
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 December 14, 2015 to December 18, 2015. 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 14-12-2015 2,440 1,056 665 307 194 237 7,370 5,866 421 2,313 1,193 753 15-12-2015 2,277 1
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period December 14, 2015 to December 18, 2015. 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 14-12-2015 2,440 1,056 665 307 194 237 7,370 5,866 421 2,313 1,193 753 15-12-2015 2,277 1
Dec 28, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.1380 on December 28, 2015. The corresponding rate for the previous day (December 23, 2015) was ₹ 66.2020. 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 December 23, 2015 December 28, 2015 1 EUR 72.4117 72.5534 1 GBP 98.2967 98.6911 100 YEN 54.74 54.92 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.1380 on December 28, 2015. The corresponding rate for the previous day (December 23, 2015) was ₹ 66.2020. 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 December 23, 2015 December 28, 2015 1 EUR 72.4117 72.5534 1 GBP 98.2967 98.6911 100 YEN 54.74 54.92 Note : The SD
Dec 23, 2015
FIIs/RFPIs can now invest up to 49 per cent under PIS in M/s V-Mart Retail Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of M/s V-Mart Retail Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has further advised that the foreign shareholding by FIIs/RFPIs in M/s V-Mart Retail Limited have gone below the revised threshold limit. Hence, the restrictions placed on the purchase of
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of M/s V-Mart Retail Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has further advised that the foreign shareholding by FIIs/RFPIs in M/s V-Mart Retail Limited have gone below the revised threshold limit. Hence, the restrictions placed on the purchase of
Dec 23, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.2020 on December 23, 2015. The corresponding rate for the previous day (December 22, 2015) was ₹ 66.2985. 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 December 22, 2015 December 23, 2015 1 EUR 72.3317 72.4117 1 GBP 98.7052 98.2967 100 YEN 54.68 54.74 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.2020 on December 23, 2015. The corresponding rate for the previous day (December 22, 2015) was ₹ 66.2985. 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 December 22, 2015 December 23, 2015 1 EUR 72.3317 72.4117 1 GBP 98.7052 98.2967 100 YEN 54.68 54.74 Note : The SD
Dec 22, 2015
Developments in India’s Balance of Payments during the Second Quarter (July-September) of 2015-16
Preliminary data on India’s balance of payments (BoP) for the second quarter (Q2) i.e., July-September 2015-16 are presented in Statements I (BPM6 format) and II (old format). Key Features of India’s BoP in Q2 of 2015-16 India’s current account deficit (CAD) at US$ 8.2 billion (1.6 per cent of GDP) in Q2 of 2015-16 was lower than US$ 10.9 billion (2.2 per cent of GDP) in Q2 of 2014-15 but increased from US$ 6.1 billion (1.2 per cent of GDP) in the preceding quarter (T
Preliminary data on India’s balance of payments (BoP) for the second quarter (Q2) i.e., July-September 2015-16 are presented in Statements I (BPM6 format) and II (old format). Key Features of India’s BoP in Q2 of 2015-16 India’s current account deficit (CAD) at US$ 8.2 billion (1.6 per cent of GDP) in Q2 of 2015-16 was lower than US$ 10.9 billion (2.2 per cent of GDP) in Q2 of 2014-15 but increased from US$ 6.1 billion (1.2 per cent of GDP) in the preceding quarter (T
Dec 22, 2015
Sources of Variation in Foreign Exchange Reserves in India during April-September 2015
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for July-September 2015 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-September 2015 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-September 2015 During April-September 2015, there was an increase in the foreign exchange reserves. The sources of variation in the foreign exc
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for July-September 2015 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-September 2015 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-September 2015 During April-September 2015, there was an increase in the foreign exchange reserves. The sources of variation in the foreign exc
Dec 22, 2015
RBI creates Helpline for guiding Start-ups in India on Forex Matters
The Reserve Bank of India has created a dedicated helpline (Email) for start-ups in India in order to offer guidance/assistance to them for undertaking cross-border transactions within the ambit of the regulatory framework. While seeking guidance, the enterprises should provide complete information to the Reserve Bank and mention the specific issues on which they need guidance from the Reserve Bank in relation to the Foreign Exchange Management regulations. This would
The Reserve Bank of India has created a dedicated helpline (Email) for start-ups in India in order to offer guidance/assistance to them for undertaking cross-border transactions within the ambit of the regulatory framework. While seeking guidance, the enterprises should provide complete information to the Reserve Bank and mention the specific issues on which they need guidance from the Reserve Bank in relation to the Foreign Exchange Management regulations. This would
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