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Foreign Exchange Management Act Announcement
Press Releases
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May 09, 2000Investment by Foreign Institutional InvestorsThe Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Global Tele Systems Ltd., up to 40 per cent of its paid up capital through primary and secondary markets in India. The company has passed a resolution at its Board of Directors' and General Body Meetings for purchase of its equity shares and convertible debentures by FIIs upto 40% of its paid-up capital through primThe Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Global Tele Systems Ltd., up to 40 per cent of its paid up capital through primary and secondary markets in India. The company has passed a resolution at its Board of Directors' and General Body Meetings for purchase of its equity shares and convertible debentures by FIIs upto 40% of its paid-up capital through prim
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May 08, 2000RBI Reference Rate for US $May 08, 2000The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.64 on 08.05.2000 as against Rs.43.64 on 05.05.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : DateCurrency per Rs.100 (MiMay 08, 2000The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.64 on 08.05.2000 as against Rs.43.64 on 05.05.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : DateCurrency per Rs.100 (Mi
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May 05, 2000Reserve Bank of India - Foreign Exchange Data from 17/04/2000 to 20/04/2000All Figures Are in USD MillionsPURCHASES MERCHANTINTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 17/04/200043785 15 453021 56141134 410126 20 18/04/200030382 15 335617 38964554 412131 23 19/04/200025668 9 321410 50797222 31394 17 20/04/200026085 15 373318 634695115 28569 85 SALES 17/04/2000538148 16 463129 39246546 415132 20 18/04/2000281122 30 345524 33751559 401135 24All Figures Are in USD MillionsPURCHASES MERCHANTINTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 17/04/200043785 15 453021 56141134 410126 20 18/04/200030382 15 335617 38964554 412131 23 19/04/200025668 9 321410 50797222 31394 17 20/04/200026085 15 373318 634695115 28569 85 SALES 17/04/2000538148 16 463129 39246546 415132 20 18/04/2000281122 30 345524 33751559 401135 24
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May 05, 2000RBI Reference Rate for US $May 5, 2000 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.64 on 05.05.2000 as against Rs.43.65 on 04.05.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : Date Currency per Rs.100 (May 5, 2000 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.64 on 05.05.2000 as against Rs.43.65 on 04.05.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : Date Currency per Rs.100 (
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May 04, 2000RBI Reference Rate for US $May 4, 2000The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.65 on 04.05.2000 as against Rs.43.65 on 03.05.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : DateCurrency per Rs.100 (MidMay 4, 2000The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.65 on 04.05.2000 as against Rs.43.65 on 03.05.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : DateCurrency per Rs.100 (Mid
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May 03, 2000RBI Reference Rate for US $May 3, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.65 on 03.05.2000 as against Rs.43.66 on 02.05.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : DateCurrency per Rs.100 (MidMay 3, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.65 on 03.05.2000 as against Rs.43.66 on 02.05.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : DateCurrency per Rs.100 (Mid
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May 02, 2000Delivery of Export Credit RBI to receive Suggestions from exportersRecognising the need for boosting exports, in the last 18 months several measures were introduced to ensure timely delivery of credit to exporters and remove procedural hassles. The Reserve Bank of India issued detailed guidelines to banks on simplification of procedures for credit delivery to the exporters in February 28, 1999 and also set up a monitoring group of bankers under the Chairmanship of Shri M.G.Srivastava, Executive Director for overseeing the implementatRecognising the need for boosting exports, in the last 18 months several measures were introduced to ensure timely delivery of credit to exporters and remove procedural hassles. The Reserve Bank of India issued detailed guidelines to banks on simplification of procedures for credit delivery to the exporters in February 28, 1999 and also set up a monitoring group of bankers under the Chairmanship of Shri M.G.Srivastava, Executive Director for overseeing the implementat
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May 02, 2000RBI Reference Rate for US $May 2, 2000The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.66 on 02.05.2000 as against Rs.43.66 on 28.04.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : DateCurrency per Rs.100 (MidMay 2, 2000The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.66 on 02.05.2000 as against Rs.43.66 on 28.04.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : DateCurrency per Rs.100 (Mid
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Apr 28, 2000Reserve Bank of India - Foreign Exchange Data from 10/04/2000 to 13/04/2000All Figures Are in USD MillionsPURCHASES MERCHANTINTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 10/04/200045477 12 292612 566767168 30967 14 11/04/2000333114 32 43148 56871885 344109 9 13/04/2000483127 58 252916 43285033 258237 28 SALES 10/04/2000424115 32 312613 528770111 32563 13 11/04/2000363170 8 451510 48467294 558121 8 13/04/2000414198 26 122926 35982832 276229 28All Figures Are in USD MillionsPURCHASES MERCHANTINTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 10/04/200045477 12 292612 566767168 30967 14 11/04/2000333114 32 43148 56871885 344109 9 13/04/2000483127 58 252916 43285033 258237 28 SALES 10/04/2000424115 32 312613 528770111 32563 13 11/04/2000363170 8 451510 48467294 558121 8 13/04/2000414198 26 122926 35982832 276229 28
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Apr 28, 2000RBI Reference Rate for US $April 28, 2000The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.66 on 28.04.2000 as against Rs.43.66 on 27.04.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : DateCurrency per Rs.100 (April 28, 2000The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.66 on 28.04.2000 as against Rs.43.66 on 27.04.2000. 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 noon, the exchange rates of US dollar, Pound Sterling, EURO and Yen against Rs.100 are : DateCurrency per Rs.100 (
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