Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Feb 24, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.5650 on February 24, 2016. The corresponding rate for the previous day (February 23, 2016) was ₹ 68.6408. 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 23, 2016 February 24, 2016 1 EUR 75.7657 75.4695 1 GBP 96.8934 95.8127 100 YEN 61.12 61.27 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.5650 on February 24, 2016. The corresponding rate for the previous day (February 23, 2016) was ₹ 68.6408. 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 23, 2016 February 24, 2016 1 EUR 75.7657 75.4695 1 GBP 96.8934 95.8127 100 YEN 61.12 61.27 Note : The SD
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Feb 23, 2016
RBI announces the extension of SAARC Swap Arrangement
To further financial stability and economic cooperation within the SAARC region, the Reserve Bank of India has, with the concurrence of the Government of India, decided to extend the SAARC Currency Swap Arrangement till November 14, 2017. It may be recalled that the SAARC Swap Arrangement was offered by the RBI to SAARC nations on November 15, 2012. Under this arrangement, RBI will offer Swap Arrangement up to and overall amount of US $ 2 billion both in foreign curre
To further financial stability and economic cooperation within the SAARC region, the Reserve Bank of India has, with the concurrence of the Government of India, decided to extend the SAARC Currency Swap Arrangement till November 14, 2017. It may be recalled that the SAARC Swap Arrangement was offered by the RBI to SAARC nations on November 15, 2012. Under this arrangement, RBI will offer Swap Arrangement up to and overall amount of US $ 2 billion both in foreign curre
Feb 23, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.6408 on February 23, 2016. The corresponding rate for the previous day (February 22, 2016) was ₹ 68.5517. 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 22, 2016 February 23, 2016 1 EUR 76.1952 75.7657 1 GBP 97.8438 96.8934 100 YEN 60.75 61.12 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.6408 on February 23, 2016. The corresponding rate for the previous day (February 22, 2016) was ₹ 68.5517. 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 22, 2016 February 23, 2016 1 EUR 76.1952 75.7657 1 GBP 97.8438 96.8934 100 YEN 60.75 61.12 Note : The SD
Feb 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 February 08, 2016 to February 12, 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 08-02-2016 1,663 701 434 184 180 141 6,242 4,301 233 4,400 966 247 09-02-2016 1,657 793 6
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period February 08, 2016 to February 12, 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 08-02-2016 1,663 701 434 184 180 141 6,242 4,301 233 4,400 966 247 09-02-2016 1,657 793 6
Feb 22, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.5517 on February 22, 2016. The corresponding rate for the previous day (February 18, 2016) was ₹ 68.4940. 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 18, 2016 February 22, 2016 1 EUR 76.3297 76.1952 1 GBP 97.8642 97.8438 100 YEN 60.15 60.75 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.5517 on February 22, 2016. The corresponding rate for the previous day (February 18, 2016) was ₹ 68.4940. 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 18, 2016 February 22, 2016 1 EUR 76.3297 76.1952 1 GBP 97.8642 97.8438 100 YEN 60.15 60.75 Note : The SD
Feb 18, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.4940 on February 18, 2016. The corresponding rate for the previous day (February 17, 2016) was ₹ 68.5920. 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 17, 2016 February 18, 2016 1 EUR 76.6104 76.3297 1 GBP 98.0180 97.8642 100 YEN 60.32 60.15 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.4940 on February 18, 2016. The corresponding rate for the previous day (February 17, 2016) was ₹ 68.5920. 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 17, 2016 February 18, 2016 1 EUR 76.6104 76.3297 1 GBP 98.0180 97.8642 100 YEN 60.32 60.15 Note : The SD
Feb 17, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.5920 on February 17, 2016. The corresponding rate for the previous day (February 16, 2016) was ₹ 68.3360. 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 16, 2016 February 17, 2016 1 EUR 76.2425 76.6104 1 GBP 98.4312 98.0180 100 YEN 59.68 60.32 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.5920 on February 17, 2016. The corresponding rate for the previous day (February 16, 2016) was ₹ 68.3360. 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 16, 2016 February 17, 2016 1 EUR 76.2425 76.6104 1 GBP 98.4312 98.0180 100 YEN 59.68 60.32 Note : The SD
Feb 16, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.3360 on February 16, 2016. The corresponding rate for the previous day (February 15, 2016) was ₹ 68.1348. 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 15, 2016 February 16, 2016 1 EUR 76.5086 76.2425 1 GBP 99.0067 98.4312 100 YEN 59.84 59.68 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.3360 on February 16, 2016. The corresponding rate for the previous day (February 15, 2016) was ₹ 68.1348. 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 15, 2016 February 16, 2016 1 EUR 76.5086 76.2425 1 GBP 99.0067 98.4312 100 YEN 59.84 59.68 Note : The SD
Feb 15, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.1348 on February 15, 2016. The corresponding rate for the previous day (February 12, 2016) was ₹ 68.4365. 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 12, 2016 February 15, 2016 1 EUR 77.3606 76.5086 1 GBP 98.9797 99.0067 100 YEN 60.94 59.84 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.1348 on February 15, 2016. The corresponding rate for the previous day (February 12, 2016) was ₹ 68.4365. 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 12, 2016 February 15, 2016 1 EUR 77.3606 76.5086 1 GBP 98.9797 99.0067 100 YEN 60.94 59.84 Note : The SD
Feb 12, 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 01, 2016 to February 05, 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 01-02-2016 1,541 243 420 53 54 70 3,741 3,474 272 1,112 244 19 02-02-2016 1,989 808 685 1
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period February 01, 2016 to February 05, 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 01-02-2016 1,541 243 420 53 54 70 3,741 3,474 272 1,112 244 19 02-02-2016 1,989 808 685 1
Feb 12, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.4365 on February 12, 2016. The corresponding rate for the previous day (February 11, 2016) was ₹ 68.0155. 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 11, 2016 February 12, 2016 1 EUR 76.8439 77.3606 1 GBP 98.8061 98.9797 100 YEN 60.54 60.94 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.4365 on February 12, 2016. The corresponding rate for the previous day (February 11, 2016) was ₹ 68.0155. 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 11, 2016 February 12, 2016 1 EUR 76.8439 77.3606 1 GBP 98.8061 98.9797 100 YEN 60.54 60.94 Note : The SD
Feb 11, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.0155 on February 11, 2016. The corresponding rate for the previous day (February 10, 2016) was ₹ 67.8781. 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 10, 2016 February 11, 2016 1 EUR 76.6480 76.8439 1 GBP 98.2943 98.8061 100 YEN 59.21 60.54 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.0155 on February 11, 2016. The corresponding rate for the previous day (February 10, 2016) was ₹ 67.8781. 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 10, 2016 February 11, 2016 1 EUR 76.6480 76.8439 1 GBP 98.2943 98.8061 100 YEN 59.21 60.54 Note : The SD
Feb 10, 2016
Application for Regularisation of Assets held Abroad under Black Money Act to be sent to RBI, FED, Central Office, Mumbai
The Reserve Bank of India has today stated that applications seeking regularisation of assets held abroad by a person resident in India and declared under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015) (Black Money Act) under Foreign Exchange Management Act, 1999 (FEMA) will be considered at the Reserve Bank of India’s Central Office, Mumbai. Applications in this regard may be addressed to Principal Chief General M
The Reserve Bank of India has today stated that applications seeking regularisation of assets held abroad by a person resident in India and declared under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015) (Black Money Act) under Foreign Exchange Management Act, 1999 (FEMA) will be considered at the Reserve Bank of India’s Central Office, Mumbai. Applications in this regard may be addressed to Principal Chief General M
Feb 10, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.8781 on February 10, 2016. The corresponding rate for the previous day (February 09, 2016) was ₹ 68.1623. 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 09, 2016 February 10, 2016 1 EUR 76.3827 76.6480 1 GBP 98.2696 98.2943 100 YEN 59.39 59.21 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.8781 on February 10, 2016. The corresponding rate for the previous day (February 09, 2016) was ₹ 68.1623. 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 09, 2016 February 10, 2016 1 EUR 76.3827 76.6480 1 GBP 98.2696 98.2943 100 YEN 59.39 59.21 Note : The SD
Feb 09, 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 25 to January 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 25-01-2016 2,019 724 635 373 349 256 6,635 6,472 666 2,275 1,126 59 27-01-2016 3,544 1,856 1,354
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period January 25 to January 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 25-01-2016 2,019 724 635 373 349 256 6,635 6,472 666 2,275 1,126 59 27-01-2016 3,544 1,856 1,354
Feb 09, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.1623 on February 09, 2016. The corresponding rate for the previous day (February 08, 2016) was ₹ 67.8190. 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 08, 2016 February 09, 2016 1 EUR 75.5368 76.3827 1 GBP 98.3308 98.2696 100 YEN 57.75 59.39 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 68.1623 on February 09, 2016. The corresponding rate for the previous day (February 08, 2016) was ₹ 67.8190. 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 08, 2016 February 09, 2016 1 EUR 75.5368 76.3827 1 GBP 98.3308 98.2696 100 YEN 57.75 59.39 Note : The SD
Feb 08, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.8190 on February 08, 2016. The corresponding rate for the previous day (February 05, 2016) was ₹ 67.6365. 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 05, 2016 February 08, 2016 1 EUR 75.7326 75.5368 1 GBP 98.4720 98.3308 100 YEN 57.91 57.75 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.8190 on February 08, 2016. The corresponding rate for the previous day (February 05, 2016) was ₹ 67.6365. 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 05, 2016 February 08, 2016 1 EUR 75.7326 75.5368 1 GBP 98.4720 98.3308 100 YEN 57.91 57.75 Note : The SD
Feb 05, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.6365 on February 05, 2016. The corresponding rate for the previous day (February 04, 2016) was ₹ 67.8093. 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 04, 2016 February 05, 2016 1 EUR 75.1327 75.7326 1 GBP 98.7914 98.4720 100 YEN 57.42 57.91 Note : The SD
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.6365 on February 05, 2016. The corresponding rate for the previous day (February 04, 2016) was ₹ 67.8093. 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 04, 2016 February 05, 2016 1 EUR 75.1327 75.7326 1 GBP 98.7914 98.4720 100 YEN 57.42 57.91 Note : The SD
Feb 04, 2016
RBI proposes Changes in Timeframe for Issue of Shares and Reporting of FDI; Invites Comments from Stakeholders
The Reserve Bank of India has proposed certain changes in respect of the time frame for issue of shares to align the provisions of Foreign Exchange Management Act, 1999 which requires an investee company receiving Foreign Direct Investments to issue shares within 180 days of receipt of foreign investment with the provisions of the Companies Act, 2013 and in respect of filing of report with the Reserve Bank regarding receipt of foreign investment and issue of shares an
The Reserve Bank of India has proposed certain changes in respect of the time frame for issue of shares to align the provisions of Foreign Exchange Management Act, 1999 which requires an investee company receiving Foreign Direct Investments to issue shares within 180 days of receipt of foreign investment with the provisions of the Companies Act, 2013 and in respect of filing of report with the Reserve Bank regarding receipt of foreign investment and issue of shares an
Feb 04, 2016
RBI rationalises FEMA Regulations
The Reserve Bank of India, in consultation with the Government of India, has revised nine regulations issued under the Foreign Exchange Management Act, 1999 (FEMA). Consequently, the respective original notifications and subsequent amendments stand repealed. For easy identification, revised regulations will carry the same numbers as in the old regulations with a suffix ‘(R)’ along with the year in which they are published. The Foreign Exchange Management Act enacted i
The Reserve Bank of India, in consultation with the Government of India, has revised nine regulations issued under the Foreign Exchange Management Act, 1999 (FEMA). Consequently, the respective original notifications and subsequent amendments stand repealed. For easy identification, revised regulations will carry the same numbers as in the old regulations with a suffix ‘(R)’ along with the year in which they are published. The Foreign Exchange Management Act enacted i
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Page Last Updated on: November 21, 2024
