Press Releases - আরবিআই - Reserve Bank of India

December 11, 1998 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.59 on December 11, 1998 as against Rs.42.58 on December 10, 1998. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM and Yen against Rs.100 are : Date

December 10, 1998 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.58 on 10.12.1998 as against Rs.42.58 on 9.12.1998. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM and Yen against Rs.100 are : Date Currency per R

December 9, 1998 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.58 on 9.12.1998 as against Rs.42.59 on December 8,1998. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM and Yen against Rs.100 are : Date Currency p

December 8, 1998 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.59 on 8.12.1998 as against Rs.42.57 on 7.12.1998. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM and Yen against Rs.100 are : Date Currency per Rs.

All Figures are in USD MillionsPURCHASES MERCHANT INTER BANK Position FCY/INR FCY/FCY FCY/INR FCY/FCY DateSPOTFORWARDFORWARDCANCELLATIONSPOTFORWARDFORWARDCANCELLATIONSPOTSWAPFORWARDSPOTSWAPFORWARD 23/11/19983047153223439375625844811082824/11/199820430442956482494801115151798825/11/1998169275311302827742167459 1292926/11/199824074151 1921226324931173861971627/11/1998260659717193557669595339 24120SALES 23/11/199825817033163442363585 914911132724/11/199815314913285711922

December 7, 1998 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.57 on 7.12.1998 as against Rs.42.54 on 4.12.1998. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM and Yen against Rs.100 are : Date Currency per Rs.

December 4, 1998 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.54 on 4.12.1998 as against Rs.42.55 on 3.12.1998. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM and Yen against Rs.100 are : Date Currency per Rs.

December 3, 1998 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.55 on December 3, 1998 as against Rs.42.57 on December 2, 1998. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM and Yen against Rs.100 are : Date Cu

December 2, 1998 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.57 on 2.12.1998 as against Rs.42.58 on 1.12.1998. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM and Yen against Rs.100 are : Date Currency per Rs.

The Reserve Bank of India has introduced a 51 per cent Scheme for issue of shares to Non-Resident Indians (NRIs)/Overseas Corporate Bodies (OCBs) in unlisted companies, engaged in manufacturing activity, other than activities listed in Annexure III to the statement of the Industrial Policy 1991. Also general permission for the Scheme has been granted vide Notification No. FERA 190/98-RB dated December 2, 1998 for the said Scheme enabling such companies to issue and ex