Press Releases - RBI - Reserve Bank of India

Reserve Bank of India - Foreign Exchange Data from 19/04/1999 to 23/04/1999

All Figures Are in USD Millions PURCHASES MERCHANT INTER BANK Position FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 19/04/1999253127 50 101912 646694812821419 20/04/1999214141 53 322421 4556638234230515 21/04/199925567 137 262817 513559482861739 22/04/199920547 88 334220 4928409933815735 23/04/199920069 192 73637 43368422826616624 SALES 19/04/1999242182 26 32311 609669672641479 20/04/19

All Figures Are in USD Millions PURCHASES MERCHANT INTER BANK Position FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 19/04/1999253127 50 101912 646694812821419 20/04/1999214141 53 322421 4556638234230515 21/04/199925567 137 262817 513559482861739 22/04/199920547 88 334220 4928409933815735 23/04/199920069 192 73637 43368422826616624 SALES 19/04/1999242182 26 32311 609669672641479 20/04/19

Reserve Bank of India - Foreign Exchange Data from 19/04/1999 to 23/04/1999

RBI Reference Rate for US $

May 6, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.73 on 06.05.1999 as against Rs.42.73 on 05.05.1999. 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. 1

May 6, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.73 on 06.05.1999 as against Rs.42.73 on 05.05.1999. 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. 1

RBI Reference Rate for US $

Investment by Foreign Institutional Investors under PIS

The Reserve Bank of India on May 6, 1999 has notified that no further purchases of shares of M/s.Vikas WSP Ltd. Should be made on behalf of Foreign Institutional Investors (FIIs) under the portfolio investment scheme. The Reserve Bank has stated that M/s. Vikas WSP Ltd. Has reached the overall ceiling of 24 percent of its paid up capital Alpana Killawala General ManagerPress Release : 1998-99/1374

The Reserve Bank of India on May 6, 1999 has notified that no further purchases of shares of M/s.Vikas WSP Ltd. Should be made on behalf of Foreign Institutional Investors (FIIs) under the portfolio investment scheme. The Reserve Bank has stated that M/s. Vikas WSP Ltd. Has reached the overall ceiling of 24 percent of its paid up capital Alpana Killawala General ManagerPress Release : 1998-99/1374

Investment by Foreign Institutional Investors under PIS

RBI Reference Rate for US $

May 4, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.75 on 04.05.1999 as against Rs.42.78 on 03.05.1999. 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. 1

May 4, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.75 on 04.05.1999 as against Rs.42.78 on 03.05.1999. 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. 1

RBI Reference Rate for US $

RBI Reference Rate for US $

May 3, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.78 on 03.05.1999 as against Rs.42.82 on 29.04.1999. 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. 1

May 3, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.78 on 03.05.1999 as against Rs.42.82 on 29.04.1999. 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. 1

RBI Reference Rate for US $

Reserve Bank of India - Foreign Exchange Data from 30/03/1999 to 16/04/1999

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARD CANCELLATIONSPOTFORWARDFORWARD CANCELLATIONSPOTSWAPFORWARDSPOTSWAPFORWARD30/03/1999694136208 255744 6541151190 3454023631/03/199964214878 266046 513108093 3432162205/04/19994619837 475849 497795109 2982093706/04/199930111637 402944 83891692 3291621507/04/19992615531 793836 79787357 4002914408/04/19992105120 374415 52079372 3602863109/04/1999268562

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARD CANCELLATIONSPOTFORWARDFORWARD CANCELLATIONSPOTSWAPFORWARDSPOTSWAPFORWARD30/03/1999694136208 255744 6541151190 3454023631/03/199964214878 266046 513108093 3432162205/04/19994619837 475849 497795109 2982093706/04/199930111637 402944 83891692 3291621507/04/19992615531 793836 79787357 4002914408/04/19992105120 374415 52079372 3602863109/04/1999268562

Reserve Bank of India - Foreign Exchange Data from 30/03/1999 to 16/04/1999

RBI Reference Rate for US $

April 29, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.82 on 29.04.1999 as against Rs.42.82 on 28.04.1999. 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

April 29, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.82 on 29.04.1999 as against Rs.42.82 on 28.04.1999. 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

RBI Reference Rate for US $

Investment by NRIs/OCBs/PIOs in shares of Indian companies

The Reserve Bank of India on April 26, 1999 has notified that the restriction placed on the purchase of shares of M/s. National Steel Industries Ltd., on behalf of NRIs/OCBs/PIOs is withdrawn. The Reserve Bank has stated that the percentage of investment to the paid up capital of M/s. National Steel Industries Ltd., by non-resident Indians (NRIs)/overseas corporate bodies (OCBs)/persons of Indian origin (PIOs) has gone below the permitted limit of 8 per cent. It will,

The Reserve Bank of India on April 26, 1999 has notified that the restriction placed on the purchase of shares of M/s. National Steel Industries Ltd., on behalf of NRIs/OCBs/PIOs is withdrawn. The Reserve Bank has stated that the percentage of investment to the paid up capital of M/s. National Steel Industries Ltd., by non-resident Indians (NRIs)/overseas corporate bodies (OCBs)/persons of Indian origin (PIOs) has gone below the permitted limit of 8 per cent. It will,

Investment by NRIs/OCBs/PIOs in shares of Indian companies

Investment by NRIs/OCBs/PIOs in shares of Indian companies

The Reserve Bank of India on April 26, 1999 has notified that no further purchases of shares of M/s. Himachal Futuristic Communication Ltd., should be made by non-resident Indians (NRIs)/overseas corporate bodies (OCBs)/persons of Indian origin (PIOs) under the portfolio investment scheme. The Reserve Bank has stated that M/s. Himachal Futuristic Communication Ltd., has reached the overall ceiling of ten per cent of its paid up equity capital.(Alpana Killawala) Genera

The Reserve Bank of India on April 26, 1999 has notified that no further purchases of shares of M/s. Himachal Futuristic Communication Ltd., should be made by non-resident Indians (NRIs)/overseas corporate bodies (OCBs)/persons of Indian origin (PIOs) under the portfolio investment scheme. The Reserve Bank has stated that M/s. Himachal Futuristic Communication Ltd., has reached the overall ceiling of ten per cent of its paid up equity capital.(Alpana Killawala) Genera

Investment by NRIs/OCBs/PIOs in shares of Indian companies

RBI Reference Rate for US $

April 28, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.82 on 28.04.1999 as against Rs.42.95 on 26.04.1999. 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

April 28, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.82 on 28.04.1999 as against Rs.42.95 on 26.04.1999. 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

RBI Reference Rate for US $

RBI Reference Rate for US $

April 26, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.95 on 26.04.1999 as against Rs.42.74 on 23.04.1999. 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

April 26, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.95 on 26.04.1999 as against Rs.42.74 on 23.04.1999. 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

RBI Reference Rate for US $

RBI Reference Rate for US $

April 23, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.74 on 23.04.1999 as against Rs.42.74 on 22.04.1999. 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

April 23, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.74 on 23.04.1999 as against Rs.42.74 on 22.04.1999. 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

RBI Reference Rate for US $

RBI Reference Rate for US $

April 22, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.74 on 22.04.1999 as against Rs.42.71 on 21.04.1999. 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

April 22, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.74 on 22.04.1999 as against Rs.42.71 on 21.04.1999. 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

RBI Reference Rate for US $

Exchange Control Manual on RBI Website

The Reserve Bank of India has released the Exchange Control Manual on its Website (URL: www.rbi.org.in). The Exchange Control Manual is updated till December 1998. The ADMA circulars issued since January 1999 are also available on the website. For the first time the Reserve Bank has also made available on the website all the forms required for exchange control purposes. The Exchange Control Manual can be directly accessed through URL:www.ecm.rbi.org.in.The ADMA/GP cir

The Reserve Bank of India has released the Exchange Control Manual on its Website (URL: www.rbi.org.in). The Exchange Control Manual is updated till December 1998. The ADMA circulars issued since January 1999 are also available on the website. For the first time the Reserve Bank has also made available on the website all the forms required for exchange control purposes. The Exchange Control Manual can be directly accessed through URL:www.ecm.rbi.org.in.The ADMA/GP cir

Exchange Control Manual on RBI Website

RBI Reference Rate for US $

April 21, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.71 on 21.04.1999 as against Rs.42.79 on 20.04.1999. 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

April 21, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.71 on 21.04.1999 as against Rs.42.79 on 20.04.1999. 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

RBI Reference Rate for US $

General Permission to Foreign Airlines

The Reserve Bank of India has granted general permission to foreign airline companies under the Foreign Exchange Regulation Act, 1973 to carry on their commercial activities through their local agents on certain conditions. The foreign airline companies will now be able to carry on their commercial activities, such as, transportation of goods and passengers, and collection of freight charges and fares for online and offline operations through their local agents withou

The Reserve Bank of India has granted general permission to foreign airline companies under the Foreign Exchange Regulation Act, 1973 to carry on their commercial activities through their local agents on certain conditions. The foreign airline companies will now be able to carry on their commercial activities, such as, transportation of goods and passengers, and collection of freight charges and fares for online and offline operations through their local agents withou

General Permission to Foreign Airlines

RBI Reference Rate for US $

April 20, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.79 on 20.04.1999 as against Rs.42.85 on 19.04.1999. 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

April 20, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.79 on 20.04.1999 as against Rs.42.85 on 19.04.1999. 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

RBI Reference Rate for US $

RBI Reference Rate for US $

April 19, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.85 on 19.04.1999 as against Rs.42.76 on 16.04.1999. 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

April 19, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.85 on 19.04.1999 as against Rs.42.76 on 16.04.1999. 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

RBI Reference Rate for US $

RBI Reference Rate for US $

April 16, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.76 on 16.04.1999 as against Rs.42.83 on 15.04.1999. 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

April 16, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.76 on 16.04.1999 as against Rs.42.83 on 15.04.1999. 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

RBI Reference Rate for US $