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Foreign Exchange Management Act Announcement
Press Releases
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Oct 26, 1999RBI Reference Rate for US $October 26, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.38 on 26.10.1999 as against Rs.43.39 on 25.10.1999. 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 perOctober 26, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.38 on 26.10.1999 as against Rs.43.39 on 25.10.1999. 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
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Oct 25, 1999RBI Reference Rate for US $October 25, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.39 on 25.10.1999 as against Rs.43.42 on 22.10.1999. 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 perOctober 25, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.39 on 25.10.1999 as against Rs.43.42 on 22.10.1999. 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
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Oct 25, 1999Investments by NRIs/OCBs/PIOs in the shares of Indian CompaniesThe Reserve Bank of India on October 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 M/s. Sanghvi Movers Ltd. up to 24 per cent of their paid up capital through stock exchanges under the portfolio investment scheme, as the company has passed a resolution at its General Body Meeting to this effect.Rupambara Padhi ManagerPress ReleaseThe Reserve Bank of India on October 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 M/s. Sanghvi Movers Ltd. up to 24 per cent of their paid up capital through stock exchanges under the portfolio investment scheme, as the company has passed a resolution at its General Body Meeting to this effect.Rupambara Padhi ManagerPress Release
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Oct 22, 1999RBI Reference Rate for US $October 22, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.42 on 22.10.1999 as against Rs.43.45 on 21.10.1999. 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 perOctober 22, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.42 on 22.10.1999 as against Rs.43.45 on 21.10.1999. 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
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Oct 22, 1999Reserve Bank of India - Foreign Exchange Data from 04/10/1999 to 08/10/1999All Figures Are in USD MillionsPURCHASES MERCHANTINTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 04/10/199922731 28 423827 41664770 468175 2505/10/199915235 6 143726 408567144 436240 4606/10/199922976 15 283218 561648110 454192 2707/10/1999203113 26 363318 424899163 274117 5208/10/1999230125 22 554119 54959276 298134 71 SALES 04/10/1999288124 7 443523 38670868 503214 260All Figures Are in USD MillionsPURCHASES MERCHANTINTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 04/10/199922731 28 423827 41664770 468175 2505/10/199915235 6 143726 408567144 436240 4606/10/199922976 15 283218 561648110 454192 2707/10/1999203113 26 363318 424899163 274117 5208/10/1999230125 22 554119 54959276 298134 71 SALES 04/10/1999288124 7 443523 38670868 503214 260
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Oct 21, 1999RBI Reference Rate for US $October 21, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.45 on 21.10.1999 as against Rs.43.39 on 20.10.1999. 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 perOctober 21, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.45 on 21.10.1999 as against Rs.43.39 on 20.10.1999. 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
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Oct 21, 1999Inter-FII transactions - ClarificationThe Reserve Bank of India has clarified that Inter-Foreign Institutional Investors (FII) transactions do not require either prior approval or post-facto confirmation of the Reserve Bank of India, as such transactions do not affect the percentage of overall FII holdings in Indian companies. Inter-FII transactions will, however, not be permitted in the scrips where the FII holdings has crossed the overall limit due to any reason.The Reserve Bank had earlier issued a preThe Reserve Bank of India has clarified that Inter-Foreign Institutional Investors (FII) transactions do not require either prior approval or post-facto confirmation of the Reserve Bank of India, as such transactions do not affect the percentage of overall FII holdings in Indian companies. Inter-FII transactions will, however, not be permitted in the scrips where the FII holdings has crossed the overall limit due to any reason.The Reserve Bank had earlier issued a pre
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Oct 20, 1999RBI Reference Rate for US $October 20, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.39 on 20.10.1999 as against Rs.43.36 on 18.10.1999. 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 perOctober 20, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.39 on 20.10.1999 as against Rs.43.36 on 18.10.1999. 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
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Oct 18, 1999RBI Reference Rate for US $October 18, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.36 on 18.10.1999 as against Rs.43.44 on 15.10.1999. 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 perOctober 18, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.36 on 18.10.1999 as against Rs.43.44 on 15.10.1999. 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
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Oct 18, 1999Monitoring FIIs Investments in Indian CompaniesThe Reserve Bank of India on October 18, 1999 has notified that Foreign Institutional Investors (FIIs) can now purchase equity shares of Bombay Oxygen Corporation Ltd. in the secondary market under the Portfolio Investment Scheme (PIS), as the FIIs investments to the paid up capital of the company have gone down below the 22 per cent level.Rupambara Padhi ManagerPress Release : 1999-2000/536The Reserve Bank of India on October 18, 1999 has notified that Foreign Institutional Investors (FIIs) can now purchase equity shares of Bombay Oxygen Corporation Ltd. in the secondary market under the Portfolio Investment Scheme (PIS), as the FIIs investments to the paid up capital of the company have gone down below the 22 per cent level.Rupambara Padhi ManagerPress Release : 1999-2000/536
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Oct 15, 1999RBI Reference Rate for US $October 15, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.44 on 15.10.1999 as against Rs.43.43 on 14.10.1999. 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 perOctober 15, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.44 on 15.10.1999 as against Rs.43.43 on 14.10.1999. 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
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Oct 14, 1999Investment by Foreign Institutional InvestorsThe Reserve Bank of India on October 14, 1999 has notified that no further purchases of shares of M/s. Bombay Oxygen Corporation Ltd., should be made on behalf of Foreign Institutional Investors (FIIs). The Reserve Bank has stated that M/s Bombay Oxygen Corporation Ltd., has reached the overall ceiling of 24 per cent of its paid up capital.Rupambara Padhi ManagerPress Release : 1999-2000/520 Monitoring of Investments in Companies FII Investment NRIs/OCBs/PIOs InvestmeThe Reserve Bank of India on October 14, 1999 has notified that no further purchases of shares of M/s. Bombay Oxygen Corporation Ltd., should be made on behalf of Foreign Institutional Investors (FIIs). The Reserve Bank has stated that M/s Bombay Oxygen Corporation Ltd., has reached the overall ceiling of 24 per cent of its paid up capital.Rupambara Padhi ManagerPress Release : 1999-2000/520 Monitoring of Investments in Companies FII Investment NRIs/OCBs/PIOs Investme
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Oct 14, 1999RBI Reference Rate for US $October 14, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.43 on 14.10.1999 as against Rs.43.50 on 13.10.1999. 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 perOctober 14, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.43 on 14.10.1999 as against Rs.43.50 on 13.10.1999. 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
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Oct 13, 1999Reserve Bank of India - Foreign Exchange Data from 27/09/1999 to 01/10/1999All Figures Are in USD MillionsPURCHASES MERCHANTINTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 27/09/199932258 116 233418 44458182 345142 4928/09/199925149 58 31112 414628105 399208 1429/09/199926069 36 312817 52451695 399131 2401/10/199930285 12 362920 501792110 527111 14 SALES 27/09/1999341332 42 233922 29455198 354150 5128/09/1999269148 21 2127 37064895 412224 1729/All Figures Are in USD MillionsPURCHASES MERCHANTINTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 27/09/199932258 116 233418 44458182 345142 4928/09/199925149 58 31112 414628105 399208 1429/09/199926069 36 312817 52451695 399131 2401/10/199930285 12 362920 501792110 527111 14 SALES 27/09/1999341332 42 233922 29455198 354150 5128/09/1999269148 21 2127 37064895 412224 1729/
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Oct 13, 1999RBI Reference Rate for US $October 13, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.50 on 13.10.1999 as against Rs.43.37 on 12.10.1999. 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 perOctober 13, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.50 on 13.10.1999 as against Rs.43.37 on 12.10.1999. 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
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Oct 12, 1999RBI Reference Rate for US $October 12, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.37 on 12.10.1999 as against Rs.43.33 on 11.10.1999. 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 perOctober 12, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.37 on 12.10.1999 as against Rs.43.33 on 11.10.1999. 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
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Oct 11, 1999RBI Reference Rate for US $October 11, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.33 on 11.10.1999 as against Rs.43.48 on 08.10.1999. 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 perOctober 11, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.33 on 11.10.1999 as against Rs.43.48 on 08.10.1999. 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
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Oct 08, 1999RBI Reference Rate for US $October 8, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.48 on 8.10.1999 as against Rs.43.54 on 7.10.1999. 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.October 8, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.48 on 8.10.1999 as against Rs.43.54 on 7.10.1999. 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.
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Oct 07, 1999RBI Reference Rate for US $October 7, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.54 on 7.10.1999 as against Rs.43.58 on 06.10.1999. 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 RsOctober 7, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.54 on 7.10.1999 as against Rs.43.58 on 06.10.1999. 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
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Oct 07, 1999Reserve Bank of India - Foreign Exchange Data from 20/09/1999 to 24/09/1999All Figures Are in USD MillionsPURCHASES MERCHANTINTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 20/09/19992004311 16 1015372547114 341184 14 21/09/19991778912 78 3715251484110 387133 62 22/09/19991753613 33 411435147792 507186 49 23/09/19992165329 40 313350372498 382148 34 24/09/19991686573 13 442338152587 195114 32 SALES 20/09/19992127310 18 86316464133 370177 15 21/09All Figures Are in USD MillionsPURCHASES MERCHANTINTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 20/09/19992004311 16 1015372547114 341184 14 21/09/19991778912 78 3715251484110 387133 62 22/09/19991753613 33 411435147792 507186 49 23/09/19992165329 40 313350372498 382148 34 24/09/19991686573 13 442338152587 195114 32 SALES 20/09/19992127310 18 86316464133 370177 15 21/09
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