Press Releases - আরবিআই - Reserve Bank of India

June 8, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.78 on 08.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN 07 June 2000 44.690068.210342.732642.2108 June 200044.780068.043242.899242.2500Note : The reference rate is based on 12 noon rates of a few select banks in Mumb

The Reserve Bank of India has been watching the inter-bank transactions between 9.00 a.m. - 10.00 a.m. this morning. According to market information, there were few transactions of small value, while the price was being moved sharply higher by some banks. This indicates that the inter-bank activity this morning, despite RBI's repeated reminders seems to be speculative in nature. RBI has instructed banks to maintain square position for the day. If necessary, RBI will i

June 7, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.69 on 07.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN06 June 2000 44.670067.704142.286941.7007 June 200044.690068.210342.732642.2100Note : The reference rate is based on 12 noon rates of a few select banks in

June 6, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.67 on 06.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN05 June 200044.660067.369642.112141.330006 June 200044.670067.704142.286941.7000Note : The reference rate is based on 12 noon rates of a few select banks in Mumb

June 5, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.66 on 05.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN02 June 2000 44.650066.818741.776840.9705 June 200044.660067.369642.112141.3300Note : The reference rate is based on 12 noon rates of a few select banks in Mumba

The Foreign Exchange Management Act, 1999 has come into effect on June 1, 2000 and has replaced the Foreign Exchange Regulation Act 1973. The object of the Foreign Exchange Regulation Act 1973 was to conserve the foreign exchange resources; whereas the object of the new Act, i.e., the Foreign Exchange Management Act, 1999 is to facilitate external trade and payments and to promote orderly maintenance of the foreign exchange market in India. The highlights of the new A

June 2, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.65 on 02.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN01 June 2000 44.570066.788141.759941.1102 June 200044.650066.818741.776840.9700Note : The reference rate is based on 12 noon rates of a few select banks in Mumba

June 1, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.57 on 01.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN31 May 2000 44.580066.586941.399241.8101 June 200044.570066.788141.759941.1100Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai

May 31, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.58 on 31.05.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN30 May 2000 44.580066.747441.483941.7031 May 2000 44.580066.586941.399241.8100Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai

The Reserve Bank of India has informed that the holdings of Foreign Institutional investors in M/s. Penta Media Graphics Ltd. (formerly Pentafour Software & Exports Ltd.) have gone down below 28 per cent of its paid up capital. As such, the restriction placed on the purchase of shares of M/s. Penta Media Graphics Ltd. on behalf of FIIs has been withdrawn. It will, therefore, be in order now to purchase the shares of the company in the secondary market on behalf of