Press Releases - Foreign Exchange Management - RBI - Reserve Bank of India
Foreign Exchange Management Act Announcement
Press Releases
Mar 18, 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 March 08, 2016 to March 11, 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 08-03-2016 2,904 1,047 700 263 237 222 9,071 7,486 693 4,160 2,169 58 09-03-2016 2,420 1,005 65
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period March 08, 2016 to March 11, 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 08-03-2016 2,904 1,047 700 263 237 222 9,071 7,486 693 4,160 2,169 58 09-03-2016 2,420 1,005 65
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Mar 18, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.6088 on March 18, 2016. The corresponding rate for the previous day (March 17, 2016) was ₹ 66.8806. 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 17, 2016 March 18, 2016 1 EUR 75.0735 75.3012 1 GBP 95.1644 96.3230 100 YEN 59.59 59.87 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.6088 on March 18, 2016. The corresponding rate for the previous day (March 17, 2016) was ₹ 66.8806. 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 17, 2016 March 18, 2016 1 EUR 75.0735 75.3012 1 GBP 95.1644 96.3230 100 YEN 59.59 59.87 Note : The SDR-Rupee rate
Mar 17, 2016
RBI signs Currency Swap Agreement with the Royal Monetary Authority of Bhutan
Photograph The Reserve Bank of India today signed a SAARC Currency Swap Agreement with the Royal Monetary Authority of Bhutan (RMBA). Under the arrangement, the RMBA can make drawals of US dollar, Euro or Indian Rupee in multiple tranches up to a maximum of US$ 100 million or its equivalent. This is expected to further economic co-operation between the two countries. The agreement is valid for a period of three years from the date of signing. It may be recalled that w
Photograph The Reserve Bank of India today signed a SAARC Currency Swap Agreement with the Royal Monetary Authority of Bhutan (RMBA). Under the arrangement, the RMBA can make drawals of US dollar, Euro or Indian Rupee in multiple tranches up to a maximum of US$ 100 million or its equivalent. This is expected to further economic co-operation between the two countries. The agreement is valid for a period of three years from the date of signing. It may be recalled that w
Mar 17, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8806 on March 17, 2016. The corresponding rate for the previous day (March 16, 2016) was ₹ 67.3680. 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 16, 2016 March 17, 2016 1 EUR 74.7583 75.0735 1 GBP 95.1708 95.1644 100 YEN 59.40 59.59 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 66.8806 on March 17, 2016. The corresponding rate for the previous day (March 16, 2016) was ₹ 67.3680. 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 16, 2016 March 17, 2016 1 EUR 74.7583 75.0735 1 GBP 95.1708 95.1644 100 YEN 59.40 59.59 Note : The SDR-Rupee rate
Mar 16, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.3680 on March 16, 2016. The corresponding rate for the previous day (March 15, 2016) was ₹ 67.2290. 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 15, 2016 March 16, 2016 1 EUR 74.6444 74.7583 1 GBP 95.9223 95.1708 100 YEN 59.31 59.40 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.3680 on March 16, 2016. The corresponding rate for the previous day (March 15, 2016) was ₹ 67.2290. 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 15, 2016 March 16, 2016 1 EUR 74.6444 74.7583 1 GBP 95.9223 95.1708 100 YEN 59.31 59.40 Note : The SDR-Rupee rate
Mar 15, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.2290 on March 15, 2016. The corresponding rate for the previous day (March 14, 2016) was ₹ 67.0230. 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 14, 2016 March 15, 2016 1 EUR 74.8044 74.6444 1 GBP 96.3389 95.9223 100 YEN 58.90 59.31 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.2290 on March 15, 2016. The corresponding rate for the previous day (March 14, 2016) was ₹ 67.0230. 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 14, 2016 March 15, 2016 1 EUR 74.8044 74.6444 1 GBP 96.3389 95.9223 100 YEN 58.90 59.31 Note : The SDR-Rupee rate
Mar 15, 2016
Overseas Direct Investment for February 2016
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 February 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2161
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 February 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2161
Mar 14, 2016
Overseas Direct Investment for January 2016
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 January 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2155
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 January 2016. Ajit Prasad Assistant Adviser Press Release: 2015-2016/2155
Mar 14, 2016
RBI Reference Rate for US $
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0230 on March 14, 2016. The corresponding rate for the previous day (March 11, 2016) was ₹ 67.0868. 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 11, 2016 March 14, 2016 1 EUR 74.9427 74.8044 1 GBP 95.7530 96.3389 100 YEN 59.13 58.90 Note : The SDR-Rupee rate
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 67.0230 on March 14, 2016. The corresponding rate for the previous day (March 11, 2016) was ₹ 67.0868. 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 11, 2016 March 14, 2016 1 EUR 74.9427 74.8044 1 GBP 95.7530 96.3389 100 YEN 59.13 58.90 Note : The SDR-Rupee rate
Mar 11, 2016
FIIs/RFPIs can now invest up to 49 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 49 per cent of the paid up capital of M/s SeQuent Scientific Limited under the Portfolio Investment Scheme (PIS). Further the Reserve Bank has notified that since the holding limit is increased to 49 per cent, the earlier limit of 32.46 per cent as notified vide Press Release No.2014-2015/2410 dated May 14, 2015
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 SeQuent Scientific Limited under the Portfolio Investment Scheme (PIS). Further the Reserve Bank has notified that since the holding limit is increased to 49 per cent, the earlier limit of 32.46 per cent as notified vide Press Release No.2014-2015/2410 dated May 14, 2015
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
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
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
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
