Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Oct 16, 2017
FIIs/FPIs investment under PIS - Incorporation in Ban List - M/s Elpro International Ltd
The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in M/s Elpro International Ltd. has crossed limit of 24% of its paid-up capital. Therefore, no further purchase of shares of this company would be allowed through Stock Exchanges in India on behalf of FIIs/FPIs. Shailaja Singh Assistant General Manager Press Release: 2017-2018/1051
The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in M/s Elpro International Ltd. has crossed limit of 24% of its paid-up capital. Therefore, no further purchase of shares of this company would be allowed through Stock Exchanges in India on behalf of FIIs/FPIs. Shailaja Singh Assistant General Manager Press Release: 2017-2018/1051
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Oct 16, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.7603 on October 16, 2017. The corresponding rate for the previous day (October 13, 2017) was ₹ 64.9301. 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 October 13, 2017 October 16, 2017 1 EUR 76.8772 76.3912 1 GBP 86.3051 86.0082 100 YEN 58.01 57.93 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.7603 on October 16, 2017. The corresponding rate for the previous day (October 13, 2017) was ₹ 64.9301. 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 October 13, 2017 October 16, 2017 1 EUR 76.8772 76.3912 1 GBP 86.3051 86.0082 100 YEN 58.01 57.93 Note : The SDR-Ru
Oct 13, 2017
FIIs/FPIs investment under PIS - Incorporation in Caution List - M/s Manpasand Beverages Ltd.
The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in M/s Manpasand Beverages Ltd. has reached the trigger limit. Hence further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India. Ajit Prasad Assistant Adviser Press Release : 2017-2018/1042
The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in M/s Manpasand Beverages Ltd. has reached the trigger limit. Hence further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India. Ajit Prasad Assistant Adviser Press Release : 2017-2018/1042
Oct 13, 2017
Investment under PIS in M/s Visa Steel Ltd. By FII/FPI Investment limit from 24 to 74 per cent and increase in NRI limit from 10 to 24 per cent
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/s Visa Steel Ltd. has increased from 24% to 74% of its paid up capital. Further, it is notified that the NRI investment limit under Portfolio Investment Scheme in the company has increased from 10% to 24% of its paid up capital. M/s Visa Steel Ltd. has passed necessary resolutions of its Bo
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/s Visa Steel Ltd. has increased from 24% to 74% of its paid up capital. Further, it is notified that the NRI investment limit under Portfolio Investment Scheme in the company has increased from 10% to 24% of its paid up capital. M/s Visa Steel Ltd. has passed necessary resolutions of its Bo
Oct 13, 2017
Monitoring of Foreign Investment under PIS in Indian Companies- M/s Prataap Snacks Ltd.-
Increase in FIIs/FPIs Investment limit under Portfolio Investment Scheme from 24 % to 100 %
Increase in FIIs/FPIs Investment limit under Portfolio Investment Scheme from 24 % to 100 %
The Reserve Bank of India has today notified that the Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/s Prataap Snacks Ltd. has increased from 24% to 100% of its paid up capital. M/s Prataap Snacks Ltd. has passed necessary resolutions of its Board of Directors and General Body as required under the FEMA, 1999 and the regulations framed thereunder. The increase is subject to regulation
The Reserve Bank of India has today notified that the Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/s Prataap Snacks Ltd. has increased from 24% to 100% of its paid up capital. M/s Prataap Snacks Ltd. has passed necessary resolutions of its Board of Directors and General Body as required under the FEMA, 1999 and the regulations framed thereunder. The increase is subject to regulation
Oct 13, 2017
Monitoring of Foreign Investment under PIS in Indian Companies- M/s Seven Islands Shipping Ltd.-
Increase in FIIs/FPIs Investment limit under Portfolio Investment Scheme from 24 % to 49 %
Increase in FIIs/FPIs Investment limit under Portfolio Investment Scheme from 24 % to 49 %
The Reserve Bank of India has today notified that the Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/s Seven Islands Shipping Ltd. has increased from 24% to 49% of its paid up capital. M/s Seven Islands Shipping Ltd. has passed necessary resolutions of its Board of Directors and General Body as required under the FEMA, 1999 and the regulations framed thereunder. The increase is subjec
The Reserve Bank of India has today notified that the Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/s Seven Islands Shipping Ltd. has increased from 24% to 49% of its paid up capital. M/s Seven Islands Shipping Ltd. has passed necessary resolutions of its Board of Directors and General Body as required under the FEMA, 1999 and the regulations framed thereunder. The increase is subjec
Oct 13, 2017
Foreign Exchange Turnover Data
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 25, 2017 to September 29, 2017. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 25-09-2017 2,949 1450 729 476 218 176 12,610 7,855 200 4,103 1,383 90 26-09-2017 3,966
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 25, 2017 to September 29, 2017. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 25-09-2017 2,949 1450 729 476 218 176 12,610 7,855 200 4,103 1,383 90 26-09-2017 3,966
Oct 13, 2017
Foreign Exchange Turnover Data
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 18, 2017 to September 22, 2017. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 18-09-2017 3,517 926 452 228 206 119 9,354 7,916 772 3,870 2,829 51 19-09-2017 3,047 15
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 18, 2017 to September 22, 2017. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 18-09-2017 3,517 926 452 228 206 119 9,354 7,916 772 3,870 2,829 51 19-09-2017 3,047 15
Oct 13, 2017
Foreign Exchange Turnover Data
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 11, 2017 to September 15, 2017. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 11-09-2017 2,526 808 665 258 155 105 8,111 8,344 660 3,720 1,435 94 12-09-2017 2,353 17
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 11, 2017 to September 15, 2017. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 11-09-2017 2,526 808 665 258 155 105 8,111 8,344 660 3,720 1,435 94 12-09-2017 2,353 17
Oct 13, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.9301 on October 13, 2017. The corresponding rate for the previous day (October 12, 2017) was ₹ 65.1003. 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 October 12, 2017 October 13, 2017 1 EUR 77.2741 76.8772 1 GBP 86.2319 86.3051 100 YEN 57.98 58.01 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.9301 on October 13, 2017. The corresponding rate for the previous day (October 12, 2017) was ₹ 65.1003. 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 October 12, 2017 October 13, 2017 1 EUR 77.2741 76.8772 1 GBP 86.2319 86.3051 100 YEN 57.98 58.01 Note : The SDR-Ru
Oct 12, 2017
RBI releases Discussion Paper on ‘Foreign exchange trading platform for retail participants’
The Reserve Bank of India today released on its website a Discussion Paper on ‘Foreign exchange trading platform for retail participants’. The discussion paper proposes a scheme to encourage transparent and fair pricing in the retail forex market by developing a foreign exchange platform for retail participants along the lines of the FX-Clear platform of Clearing Corporation of India Limited (CCIL). As envisaged in the discussion paper, retail customer would be provid
The Reserve Bank of India today released on its website a Discussion Paper on ‘Foreign exchange trading platform for retail participants’. The discussion paper proposes a scheme to encourage transparent and fair pricing in the retail forex market by developing a foreign exchange platform for retail participants along the lines of the FX-Clear platform of Clearing Corporation of India Limited (CCIL). As envisaged in the discussion paper, retail customer would be provid
Oct 12, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.1003 on October 12, 2017. The corresponding rate for the previous day (October 11, 2017) was ₹ 65.2691. 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 October 11, 2017 October 12, 2017 1 EUR 77.1677 77.2741 1 GBP 86.1161 86.2319 100 YEN 58.08 57.98 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.1003 on October 12, 2017. The corresponding rate for the previous day (October 11, 2017) was ₹ 65.2691. 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 October 11, 2017 October 12, 2017 1 EUR 77.1677 77.2741 1 GBP 86.1161 86.2319 100 YEN 58.08 57.98 Note : The SDR-Ru
Oct 11, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.2691 on October 11, 2017. The corresponding rate for the previous day (October 10, 2017) was ₹ 65.2652. 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 October 10, 2017 October 11, 2017 1 EUR 76.8302 77.1677 1 GBP 85.9412 86.1161 100 YEN 57.95 58.08 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.2691 on October 11, 2017. The corresponding rate for the previous day (October 10, 2017) was ₹ 65.2652. 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 October 10, 2017 October 11, 2017 1 EUR 76.8302 77.1677 1 GBP 85.9412 86.1161 100 YEN 57.95 58.08 Note : The SDR-Ru
Oct 10, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.2652 on October 10, 2017. The corresponding rate for the previous day (October 09, 2017) was ₹ 65.3074. 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 October 09, 2017 October 10, 2017 1 EUR 76.5990 76.8302 1 GBP 85.6311 85.9412 100 YEN 57.99 57.95 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.2652 on October 10, 2017. The corresponding rate for the previous day (October 09, 2017) was ₹ 65.3074. 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 October 09, 2017 October 10, 2017 1 EUR 76.5990 76.8302 1 GBP 85.6311 85.9412 100 YEN 57.99 57.95 Note : The SDR-Ru
Oct 09, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.3074 on October 09, 2017. The corresponding rate for the previous day (October 06, 2017) was ₹ 65.2276. 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 October 06, 2017 October 09, 2017 1 EUR 76.2641 76.5990 1 GBP 85.3112 85.6311 100 YEN 57.72 57.99 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.3074 on October 09, 2017. The corresponding rate for the previous day (October 06, 2017) was ₹ 65.2276. 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 October 06, 2017 October 09, 2017 1 EUR 76.2641 76.5990 1 GBP 85.3112 85.6311 100 YEN 57.72 57.99 Note : The SDR-Ru
Oct 06, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.2276 on October 06, 2017. The corresponding rate for the previous day (October 05, 2017) was ₹ 65.1758. 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 October 05, 2017 October 06, 2017 1 EUR 76.5685 76.2641 1 GBP 86.2145 85.3112 100 YEN 57.77 57.72 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.2276 on October 06, 2017. The corresponding rate for the previous day (October 05, 2017) was ₹ 65.1758. 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 October 05, 2017 October 06, 2017 1 EUR 76.5685 76.2641 1 GBP 86.2145 85.3112 100 YEN 57.77 57.72 Note : The SDR-Ru
Oct 05, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.1758 on October 05, 2017. The corresponding rate for the previous day (October 04, 2017) was ₹ 65.2899. 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 October 04, 2017 October 05, 2017 1 EUR 76.8266 76.5685 1 GBP 86.6266 86.2145 100 YEN 58.00 57.77 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.1758 on October 05, 2017. The corresponding rate for the previous day (October 04, 2017) was ₹ 65.2899. 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 October 04, 2017 October 05, 2017 1 EUR 76.8266 76.5685 1 GBP 86.6266 86.2145 100 YEN 58.00 57.77 Note : The SDR-Ru
Oct 04, 2017
Monitoring of Foreign Investment under PIS in Indian Companies-M/s Parag Milk Foods Ltd
1. Increase in FIIs/FPIs Investment limit under Portfolio Investment Scheme from 24% to 40% 2. Removal from the FIIs/ FPIs Caution List. The Reserve Bank of India has today notified that the foreign investment limit for investment by Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) in M/s Parag Milk Foods Ltd. has increased from 24% to 40% of its paid up capital. M/s Parag Milk Foods Ltd. has passed necessary resolutions of its Board of Dire
1. Increase in FIIs/FPIs Investment limit under Portfolio Investment Scheme from 24% to 40% 2. Removal from the FIIs/ FPIs Caution List. The Reserve Bank of India has today notified that the foreign investment limit for investment by Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) in M/s Parag Milk Foods Ltd. has increased from 24% to 40% of its paid up capital. M/s Parag Milk Foods Ltd. has passed necessary resolutions of its Board of Dire
Oct 04, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.2899 on October 04, 2017. The corresponding rate for the previous day (October 03, 2017) was ₹ 65.5529. 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 October 03, 2017 October 04, 2017 1 EUR 76.7756 76.8266 1 GBP 86.8707 86.6266 100 YEN 57.97 58.00 Note : The SDR-Ru
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.2899 on October 04, 2017. The corresponding rate for the previous day (October 03, 2017) was ₹ 65.5529. 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 October 03, 2017 October 04, 2017 1 EUR 76.7756 76.8266 1 GBP 86.8707 86.6266 100 YEN 57.97 58.00 Note : The SDR-Ru
Oct 03, 2017
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.5529 on October 03, 2017. The corresponding rate for the previous day (September 29, 2017) was ₹ 65.3552. 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 29, 2017 October 03, 2017 1 EUR 77.0603 76.7756 1 GBP 87.7067 86.8707 100 YEN 58.03 57.97 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 65.5529 on October 03, 2017. The corresponding rate for the previous day (September 29, 2017) was ₹ 65.3552. 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 29, 2017 October 03, 2017 1 EUR 77.0603 76.7756 1 GBP 87.7067 86.8707 100 YEN 58.03 57.97 Note : The SD
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Page Last Updated on: November 21, 2024
