Press Releases - RBI - Reserve Bank of India

August 30, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.49 on 30.8.1999 as against Rs.43.50 on 27.8.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs.

August 27, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.50 on 27.8.1999 as against Rs.43.52 on 26.8.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs.

August 26, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.52 on 26.8.1999 as against Rs.43.52 on 25.8.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs.

August 25, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.52 on 25.8.1999 as against Rs.43.51 on 24.8.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs.

All Figures Are in USD Millions PURCHASES MERCHANT INTER BANK Position FCY/INR FCY/FCY FCY/INR FCY/FCY Date SPOT FORWARD FORWARD SPOT FORWARD FORWARD SPOT SWAP FORWARD SPOT SWAP FORWARD CANCELLATION CANCELLATION 09/08/1999 280 55 58 13 18 22 1042 724 83 484 102 13 10/08/1999 201 53 101 10 29 18 589 840 66 426 163 18 11/08/1999 246 51 32 20 26 14 598 1039 131 365 126 10 12/08/1999 185 70 20 18 26 29 571 1304 136 397 162 17 13/08/1999 275 88 38 22 31 25 477 1052 134 385

The Reserve Bank of India on August 25, 1999 has notified that Non-resident Indians (NRIs), Overseas Corporate Bodies (OCBs) and Persons of Indian Origin (PIOs) can now purchase equity shares and convertible debentures of the following companies up to 24 per cent of their paid up capital through stock exchanges under the portfolio investment scheme, as the companies have passed resolutions at their General Body Meetings to this effect.1. M/s. IVP Ltd. 2. M/s. Dharani

August 24, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.51 on 24.8.1999 as against Rs.43.52 on 23.8.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs.

August 23, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.52 on 23.8.1999 as against Rs.43.55 on 20.8.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs.

In order to reduce the temporary demand-supply gaps that may emerge in the forex markets due to the impact of any uncertainty or speculation in the next few weeks, the Reserve Bank has taken the following measures :Arrangements have been made by the Reserve bank of India, to meet fully or partially, the foreign exchange requirements for import of crude oil by the Indian Oil Corporation.Reserve Bank will similarly meet the Government debt service payments directly as n

August 20, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.55 on 20.8.1999 as against Rs.43.47 on 19.8.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs.