Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
May 27, 2015
FIIs/RFPIs can now invest up to 49 per cent under PIS in M/s Gammon Infrastructure Projects 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 Gammon Infrastructure Projects 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
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 Gammon Infrastructure Projects 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
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May 27, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹63.9475 on May 27, 2015. The corresponding rate for the previous day (May 26, 2015) was ₹63.8450. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 26, 2015 May 27, 2015 1 EUR 69.6421 69.8562 1 GBP 98.3788 98.6390 100 YEN 52.11 52.02 Note: The SDR-Rupee rate will be ba
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹63.9475 on May 27, 2015. The corresponding rate for the previous day (May 26, 2015) was ₹63.8450. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 26, 2015 May 27, 2015 1 EUR 69.6421 69.8562 1 GBP 98.3788 98.6390 100 YEN 52.11 52.02 Note: The SDR-Rupee rate will be ba
May 26, 2015
Data on ECB / FCCB for April 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 April 2015. Pradip Lombar Assistant Manager Press Release: 2014-2015/2499
The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB), both through Automatic Route and Approval Route, for the month of April 2015. Pradip Lombar Assistant Manager Press Release: 2014-2015/2499
May 26, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹63.8450 on May 26, 2015. The corresponding rate for the previous day (May 25, 2015) was ₹63.6228. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 25, 2015 May 26, 2015 1 EUR 69.9342 69.6421 1 GBP 98.5072 98.3788 100 YEN 52.34 52.11 Note: The SDR-Rupee rate will be ba
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹63.8450 on May 26, 2015. The corresponding rate for the previous day (May 25, 2015) was ₹63.6228. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 25, 2015 May 26, 2015 1 EUR 69.9342 69.6421 1 GBP 98.5072 98.3788 100 YEN 52.34 52.11 Note: The SDR-Rupee rate will be ba
May 25, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹63.6228 on May 25, 2015. The corresponding rate for the previous day (May 22, 2015) was ₹63.5728. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 22, 2015 May 25, 2015 1 EUR 70.9282 69.9342 1 GBP 99.6694 98.5072 100 YEN 52.66 52.34 Note: The SDR-Rupee rate will be ba
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹63.6228 on May 25, 2015. The corresponding rate for the previous day (May 22, 2015) was ₹63.5728. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 22, 2015 May 25, 2015 1 EUR 70.9282 69.9342 1 GBP 99.6694 98.5072 100 YEN 52.66 52.34 Note: The SDR-Rupee rate will be ba
May 22, 2015
FIIs/RFPIs can now invest up to 35 per cent under PIS in M/s Ipca Laboratories Ltd. - Removal from the ban list
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 Ipca Laboratories Ltd. has gone below the revised threshold caution limit. Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. The Reserve Bank further notified that FIIs/RFPIs can now invest up to 35 per cent of the paid up capital of M/
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 Ipca Laboratories Ltd. has gone below the revised threshold caution limit. Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. The Reserve Bank further notified that FIIs/RFPIs can now invest up to 35 per cent of the paid up capital of M/
May 22, 2015
FIIs/RFPIs can now invest up to 40 per cent under PIS in M/s Somany Ceramics 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 Somany Ceramics 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
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 Somany Ceramics 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
May 22, 2015
RBI Clarification on FDI Inflows
It was recently reported in a section of the press that the amendment to Foreign Exchange Management Act (FEMA), 1999 introduced to the Finance Act, 2015 will do away with the need for the Reserve Bank of India’s approval for foreign direct investments (FDI) in India. It is clarified that in terms of the Regulations framed under FEMA, 1999, an Indian company receiving FDI does not require any prior approval of the Reserve Bank of India at any stage. It is only require
It was recently reported in a section of the press that the amendment to Foreign Exchange Management Act (FEMA), 1999 introduced to the Finance Act, 2015 will do away with the need for the Reserve Bank of India’s approval for foreign direct investments (FDI) in India. It is clarified that in terms of the Regulations framed under FEMA, 1999, an Indian company receiving FDI does not require any prior approval of the Reserve Bank of India at any stage. It is only require
May 22, 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 May 05, 2015 to May 08, 2015. All Figures are in USD Million 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 5-5-2015 4,817 1,099 742 500 361 658 9,532 6,919 513 3,448 2,180 78 6-5-2015 2,833 1,498 553 424 272
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period May 05, 2015 to May 08, 2015. All Figures are in USD Million 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 5-5-2015 4,817 1,099 742 500 361 658 9,532 6,919 513 3,448 2,180 78 6-5-2015 2,833 1,498 553 424 272
May 22, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.5728 on May 22, 2015. The corresponding rate for the previous day (May 21, 2015) was ₹ 63.7000. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 21, 2015 May 22, 2015 1 EUR 70.6688 70.9282 1 GBP 98.9197 99.6694 100 YEN 52.59 52.66 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.5728 on May 22, 2015. The corresponding rate for the previous day (May 21, 2015) was ₹ 63.7000. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 21, 2015 May 22, 2015 1 EUR 70.6688 70.9282 1 GBP 98.9197 99.6694 100 YEN 52.59 52.66 Note : The SDR-Rupee rate will be
May 21, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹63.7000 on May 21, 2015. The corresponding rate for the previous day (May 20, 2015) was ₹63.8655. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 20, 2015 May 21, 2015 1 EUR 70.7310 70.6688 1 GBP 98.8893 98.9197 100 YEN 52.76 52.59 Note : The SDR-Rupee rate will be b
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹63.7000 on May 21, 2015. The corresponding rate for the previous day (May 20, 2015) was ₹63.8655. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 20, 2015 May 21, 2015 1 EUR 70.7310 70.6688 1 GBP 98.8893 98.9197 100 YEN 52.76 52.59 Note : The SDR-Rupee rate will be b
May 20, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.8655 on May 20, 2015. The corresponding rate for the previous day (May 19, 2015) was ₹ 63.6868. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 19, 2015 May 20, 2015 1 EUR 71.9024 70.7310 1 GBP 99.7272 98.8893 100 YEN 53.09 52.76 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.8655 on May 20, 2015. The corresponding rate for the previous day (May 19, 2015) was ₹ 63.6868. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 19, 2015 May 20, 2015 1 EUR 71.9024 70.7310 1 GBP 99.7272 98.8893 100 YEN 53.09 52.76 Note : The SDR-Rupee rate will be
May 19, 2015
Increase in Foreign investment limit/ceiling in an Indian Company under PIS - M/s Glenmark Pharmaceuticals Limited
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs) through primary market and stock exchanges, can now purchase up to 49 per cent of the paid up capital of M/s Glenmark Pharmaceuticals Limited under the Portfolio Investment Scheme (PIS). M/s Glenmark Pharmaceuticals Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing for enhancing the limit from 40 per cent to 49 per c
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs) through primary market and stock exchanges, can now purchase up to 49 per cent of the paid up capital of M/s Glenmark Pharmaceuticals Limited under the Portfolio Investment Scheme (PIS). M/s Glenmark Pharmaceuticals Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing for enhancing the limit from 40 per cent to 49 per c
May 19, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.6868 on May 19, 2015. The corresponding rate for the previous day (May 18, 2015) was ₹ 63.5543. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 18, 2015 May 19, 2015 1 EUR 72.6743 71.9024 1 GBP 99.8629 99.7272 100 YEN 53.12 53.09 Note : The SDR-Rupee rate will be
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.6868 on May 19, 2015. The corresponding rate for the previous day (May 18, 2015) was ₹ 63.5543. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 18, 2015 May 19, 2015 1 EUR 72.6743 71.9024 1 GBP 99.8629 99.7272 100 YEN 53.12 53.09 Note : The SDR-Rupee rate will be
May 18, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.5543 on May 18, 2015. The corresponding rate for the previous day (May 15, 2015) was ₹ 63.5788. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 15, 2015 May 18, 2015 1 EUR 72.3781 72.6743 1 GBP 100.2956 99.8629 100 YEN 53.20 53.12 Note : The SDR-Rupee rate will b
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.5543 on May 18, 2015. The corresponding rate for the previous day (May 15, 2015) was ₹ 63.5788. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 15, 2015 May 18, 2015 1 EUR 72.3781 72.6743 1 GBP 100.2956 99.8629 100 YEN 53.20 53.12 Note : The SDR-Rupee rate will b
May 15, 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 April 27, 2015 to April 30, 2015. All Figures are in USD Million 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 27-4-2015 3,905 1,636 1,215 484 205 162 11,273 8,148 1,214 2,894 1,063 135 28-4-2015 4,059 1,655
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period April 27, 2015 to April 30, 2015. All Figures are in USD Million 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 27-4-2015 3,905 1,636 1,215 484 205 162 11,273 8,148 1,214 2,894 1,063 135 28-4-2015 4,059 1,655
May 15, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.5788 on May 15, 2015. The corresponding rate for the previous day (May 14, 2015) was ₹ 63.8380. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 14, 2015 May 15, 2015 1 EUR 72.8775 72.3781 1 GBP 100.6470 100.2956 100 YEN 53.68 53.20 Note : The SDR-Rupee rate will
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.5788 on May 15, 2015. The corresponding rate for the previous day (May 14, 2015) was ₹ 63.8380. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 14, 2015 May 15, 2015 1 EUR 72.8775 72.3781 1 GBP 100.6470 100.2956 100 YEN 53.68 53.20 Note : The SDR-Rupee rate will
May 14, 2015
FIIs/RFPIs can now invest up to 32.46 per cent under PIS in M/s SeQuent Scientific Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 32.46 per cent of the paid up capital of M/s SeQuent Scientific 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
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 32.46 per cent of the paid up capital of M/s SeQuent Scientific 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
May 14, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.8380 on May 14, 2015. The corresponding rate for the previous day (May 13, 2015) was ₹ 64.1895. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 13, 2015 May 14, 2015 1 EUR 72.0784 72.8775 1 GBP 100.5785 100.6470 100 YEN 53.54 53.68 Note : The SDR-Rupee rate will
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 63.8380 on May 14, 2015. The corresponding rate for the previous day (May 13, 2015) was ₹ 64.1895. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date May 13, 2015 May 14, 2015 1 EUR 72.0784 72.8775 1 GBP 100.5785 100.6470 100 YEN 53.54 53.68 Note : The SDR-Rupee rate will
May 13, 2015
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.1895 on May 13, 2015. The corresponding rate for the previous day (May 12, 2015) was ₹ 64.2020. 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 May 12, 2015 May 13, 2015 1 EUR 71.9127 72.0784 1 GBP 100.0331 100.5785 100 YEN 53.43 53.54 Note : The SDR-Rupee rate will
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.1895 on May 13, 2015. The corresponding rate for the previous day (May 12, 2015) was ₹ 64.2020. 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 May 12, 2015 May 13, 2015 1 EUR 71.9127 72.0784 1 GBP 100.0331 100.5785 100 YEN 53.43 53.54 Note : The SDR-Rupee rate will
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