Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Mar 11, 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 February 29, 2016 to March 04, 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 29-02-2016 3,330 1,570 2,364 298 318 394 10,136 7,664 291 4,017 2,846 128 01-03-2016 3,615 1
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period February 29, 2016 to March 04, 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 29-02-2016 3,330 1,570 2,364 298 318 394 10,136 7,664 291 4,017 2,846 128 01-03-2016 3,615 1
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Mar 11, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0868 on March 11, 2016. The corresponding rate for the previous day (March 10, 2016) was ₹ 67.0510. 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 March 10, 2016 March 11, 2016 1 EUR 73.6220 74.9427 1 GBP 95.2258 95.7530 100 YEN 58.99 59.13 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0868 on March 11, 2016. The corresponding rate for the previous day (March 10, 2016) was ₹ 67.0510. 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 March 10, 2016 March 11, 2016 1 EUR 73.6220 74.9427 1 GBP 95.2258 95.7530 100 YEN 58.99 59.13 Note : The SDR-Rupee rate
Mar 10, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0510 on March 10, 2016. The corresponding rate for the previous day (March 09, 2016) was ₹ 67.4632. 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 March 09, 2016 March 10, 2016 1 EUR 74.0611 73.6220 1 GBP 95.6965 95.2258 100 YEN 59.92 58.99 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0510 on March 10, 2016. The corresponding rate for the previous day (March 09, 2016) was ₹ 67.4632. 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 March 09, 2016 March 10, 2016 1 EUR 74.0611 73.6220 1 GBP 95.6965 95.2258 100 YEN 59.92 58.99 Note : The SDR-Rupee rate
Mar 09, 2016
Monitoring of Foreign Investment under the PIS in Indian Companies - Removal from the Ban list - GDR/ADR/FDI/FIIs/RFPIs/NRIs/PIOs : M/s Kotak Mahindra Bank Ltd
The Reserve Bank of India has today notified that the aggregate share holdings by Global Depository Receipts (GDR)/American Depository Receipts (ADR)/Foreign Direct Investment (FDI)/Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme in M/s Kotak Mahindra Bank Ltd. has gone below the prescribed limit stipulated under the extant FDI policy. H
The Reserve Bank of India has today notified that the aggregate share holdings by Global Depository Receipts (GDR)/American Depository Receipts (ADR)/Foreign Direct Investment (FDI)/Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme in M/s Kotak Mahindra Bank Ltd. has gone below the prescribed limit stipulated under the extant FDI policy. H
Mar 09, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.4632 on March 09, 2016. The corresponding rate for the previous day (March 08, 2016) was ₹ 67.3380. 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 March 08, 2016 March 09, 2016 1 EUR 74.1930 74.0611 1 GBP 95.9028 95.6965 100 YEN 59.59 59.92 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.4632 on March 09, 2016. The corresponding rate for the previous day (March 08, 2016) was ₹ 67.3380. 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 March 08, 2016 March 09, 2016 1 EUR 74.1930 74.0611 1 GBP 95.9028 95.6965 100 YEN 59.59 59.92 Note : The SDR-Rupee rate
Mar 08, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.3380 on March 08, 2016. The corresponding rate for the previous day (March 04, 2016) was ₹ 67.2713. 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 March 04, 2016 March 08, 2016 1 EUR 73.6688 74.1930 1 GBP 95.2158 95.9028 100 YEN 59.10 59.59 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.3380 on March 08, 2016. The corresponding rate for the previous day (March 04, 2016) was ₹ 67.2713. 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 March 04, 2016 March 08, 2016 1 EUR 73.6688 74.1930 1 GBP 95.2158 95.9028 100 YEN 59.10 59.59 Note : The SDR-Rupee rate
Mar 04, 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 February 22, 2016 to February 26, 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 22-02-2016 2,979 582 660 237 395 263 8,190 6,975 965 3,930 1,924 75 23-02-2016 2,583 548
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period February 22, 2016 to February 26, 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 22-02-2016 2,979 582 660 237 395 263 8,190 6,975 965 3,930 1,924 75 23-02-2016 2,583 548
Mar 04, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.2713 on March 04, 2016. The corresponding rate for the previous day (March 03, 2016) was ₹ 67.3786. 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 March 03, 2016 March 04, 2016 1 EUR 73.1664 73.6688 1 GBP 94.8960 95.2158 100 YEN 59.05 59.10 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.2713 on March 04, 2016. The corresponding rate for the previous day (March 03, 2016) was ₹ 67.3786. 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 March 03, 2016 March 04, 2016 1 EUR 73.1664 73.6688 1 GBP 94.8960 95.2158 100 YEN 59.05 59.10 Note : The SDR-Rupee rate
Mar 03, 2016
Monitoring of Foreign Investment under PIS in Indian Companies-Incorporation in Ban List - NRIs : M/s Creative Merchants Limited
The Reserve Bank of India has today notified that the foreign shareholding through Non-Resident Indians (NRIs) in M/s Creative Merchants Limited has crossed the limit of 10 per cent of its paid-up capital. Therefore, no further purchases of shares of this company would be allowed through Stock Exchanges in India on behalf of NRIs. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2073
The Reserve Bank of India has today notified that the foreign shareholding through Non-Resident Indians (NRIs) in M/s Creative Merchants Limited has crossed the limit of 10 per cent of its paid-up capital. Therefore, no further purchases of shares of this company would be allowed through Stock Exchanges in India on behalf of NRIs. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2073
Mar 03, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.3786 on March 03, 2016. The corresponding rate for the previous day (March 02, 2016) was ₹ 67.7022. 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 March 02, 2016 March 03, 2016 1 EUR 73.5314 73.1664 1 GBP 94.6003 94.8960 100 YEN 59.42 59.05 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.3786 on March 03, 2016. The corresponding rate for the previous day (March 02, 2016) was ₹ 67.7022. 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 March 02, 2016 March 03, 2016 1 EUR 73.5314 73.1664 1 GBP 94.6003 94.8960 100 YEN 59.42 59.05 Note : The SDR-Rupee rate
Mar 02, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.7022 on March 02, 2016. The corresponding rate for the previous day (March 01, 2016) was ₹ 68.1580. 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 March 01, 2016 March 02, 2016 1 EUR 74.2172 73.5314 1 GBP 95.0395 94.6003 100 YEN 60.50 59.42 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.7022 on March 02, 2016. The corresponding rate for the previous day (March 01, 2016) was ₹ 68.1580. 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 March 01, 2016 March 02, 2016 1 EUR 74.2172 73.5314 1 GBP 95.0395 94.6003 100 YEN 60.50 59.42 Note : The SDR-Rupee rate
Mar 01, 2016
Monitoring of Foreign Investment under PIS in Indian Companies-Incorporation in Caution List - FII/RFPIs : M/s Tata Chemicals Limited
The Reserve Bank of India has today notified that the foreign shareholding by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in M/s Tata Chemicals Limited 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: 2015-2016/2051
The Reserve Bank of India has today notified that the foreign shareholding by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in M/s Tata Chemicals Limited 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: 2015-2016/2051
Mar 01, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.1580 on March 01, 2016. The corresponding rate for the previous day (February 29, 2016) was ₹ 68.6160. 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 29, 2016 March 01, 2016 1 EUR 75.0796 74.2172 1 GBP 95.1978 95.0395 100 YEN 60.78 60.50 Note : The SDR-Rupe
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.1580 on March 01, 2016. The corresponding rate for the previous day (February 29, 2016) was ₹ 68.6160. 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 29, 2016 March 01, 2016 1 EUR 75.0796 74.2172 1 GBP 95.1978 95.0395 100 YEN 60.78 60.50 Note : The SDR-Rupe
Feb 29, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.6160 on February 29, 2016. The corresponding rate for the previous day (February 26, 2016) was ₹ 68.7775. 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 26, 2016 February 29, 2016 1 EUR 76.0404 75.0796 1 GBP 96.0890 95.1978 100 YEN 61.03 60.78 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.6160 on February 29, 2016. The corresponding rate for the previous day (February 26, 2016) was ₹ 68.7775. 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 26, 2016 February 29, 2016 1 EUR 76.0404 75.0796 1 GBP 96.0890 95.1978 100 YEN 61.03 60.78 Note : The SD
Feb 26, 2016
FIIs/RFPIs can now invest up to 40 per cent under PIS in M/s Panyam Cements & Mineral Industries Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 40 per cent of the paid up capital of M/s Panyam Cements & Mineral Industries Limited under the Portfolio Investment Scheme (PIS). Further the Reserve Bank advise that the foreign shareholding by FIIs in M/s Panyam Cements & Mineral Industries Limited have gone below the revised threshold limit. Hence, th
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 40 per cent of the paid up capital of M/s Panyam Cements & Mineral Industries Limited under the Portfolio Investment Scheme (PIS). Further the Reserve Bank advise that the foreign shareholding by FIIs in M/s Panyam Cements & Mineral Industries Limited have gone below the revised threshold limit. Hence, th
Feb 26, 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 February 15, 2016 to February 18, 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 15-02-2016 959 525 457 180 143 37 5,307 2,310 414 2,407 531 31 16-02-2016 2,278 1,206 1,3
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period February 15, 2016 to February 18, 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 15-02-2016 959 525 457 180 143 37 5,307 2,310 414 2,407 531 31 16-02-2016 2,278 1,206 1,3
Feb 26, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.7775 on February 26, 2016. The corresponding rate for the previous day (February 25, 2016) was ₹ 68.5990. 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 25, 2016 February 26, 2016 1 EUR 75.6784 76.0404 1 GBP 95.5721 96.0890 100 YEN 61.01 61.03 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.7775 on February 26, 2016. The corresponding rate for the previous day (February 25, 2016) was ₹ 68.5990. 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 25, 2016 February 26, 2016 1 EUR 75.6784 76.0404 1 GBP 95.5721 96.0890 100 YEN 61.01 61.03 Note : The SD
Feb 25, 2016
RBI releases data on ECB / FCCB for January 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 January 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2015
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 January 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2015
Feb 25, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.5990 on February 25, 2016. The corresponding rate for the previous day (February 24, 2016) was ₹ 68.5650. 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 24, 2016 February 25, 2016 1 EUR 75.4695 75.6784 1 GBP 95.8127 95.5721 100 YEN 61.27 61.01 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.5990 on February 25, 2016. The corresponding rate for the previous day (February 24, 2016) was ₹ 68.5650. 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 24, 2016 February 25, 2016 1 EUR 75.4695 75.6784 1 GBP 95.8127 95.5721 100 YEN 61.27 61.01 Note : The SD
Feb 24, 2016
FIIs/RFPIs/QFls/NRIs/PIO can now invest up to 49 per cent under PIS in M/s Ponni Sugars Erode Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Qualified Foreign Investors (QFls)/Non Residential Indians (NRIs)/Person of Indian Origin (PIO) can now invest up to 49 per cent of the paid up capital of M/s Ponni Sugars Erode Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has further advised that the aggregate limit for NRI investment shall not exceed 24% wi
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Qualified Foreign Investors (QFls)/Non Residential Indians (NRIs)/Person of Indian Origin (PIO) can now invest up to 49 per cent of the paid up capital of M/s Ponni Sugars Erode Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has further advised that the aggregate limit for NRI investment shall not exceed 24% wi
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