Press Releases - RBI - Reserve Bank of India

February 5, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.47 on 05.02.1999 as against Rs.42.46 on 04.02.1999. 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

February 4, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.46 on 04.02.1999 as against Rs.42.48 on 03.02.1999. 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

February 3, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.48 on 03.02.1999 as against Rs.42.50 on 02.02.1999. 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

February 2, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.50 on 02.02.1999 as against Rs.42.50 on 01.02.1999. 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

The Reserve Bank India has advised that Non-Resident Indians/Overseas Corporate Bodies/Persons of Indian Origin can now purchase equity shares and convertible debentures of M/s. Matsushita Television & Audio India Ltd. and BPL Ltd. up to 24 per cent of their paid up capital instead of the earlier 10 per cent through stock exchanges under the Portfolio Investment Scheme (PIS). Both these companies have passed the resolution at their General Body Meetings to this ef

As a measure of further liberalisation, the general permission granted under the 'automatic route of RBI' for issue of shares in terms of Notification No.FERA. 180/98-RB dated January 13, 1998 has been extended to cover issue of shares upto 100% in respect of the activities, viz., 'construction and maintenance of roads, highways, vehicular bridges, toll roads, vehicular tunnels, port and harbours', as added in Part 'D' of Annexure III list in terms of Ministry of Indu

February 1, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.50 on 01.02.1999 as against Rs.42.50 on 29.01.1999. 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

January 29, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.50 on 29.01.1999 as against Rs.42.50 on 28.01.1999. 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

January 28, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.50 on 28.01.1999 as against Rs.42.49 on 27.01.1999. 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

January 27, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.49 on 27.01.1999 as against Rs.42.51 on 25.01.1999. 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