Press Releases - આરબીઆઈ - Reserve Bank of India

May 26, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.81 on 26.05.1999 as against Rs.42.74 on 25.05.1999. 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.

May 25, 1999     The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.74 on 25.05.1999 as against Rs.42.75 on 24.05.1999. 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

May 24, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.75 on 24.05.1999 as against Rs.42.75 on 21.05.1999. 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.

All Figures are in USD Millions PURCHASES MERCHANT INTER BANK Position FCY/INR FCY/FCYFCY/INRFCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 10/05/199928286 65 11363051551676 4312342411/05/199920799 30 23484241048294 3182453612/05/1999230112 151 34462842373595 2882964513/05/199918074 38 744146407817104 2662585814/05/199923466 43 12365930252192 31626023 SALES 10/05/1999278124 41 7381856347083 4332522511/05/1999211

May 21, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.75 on 21.05.1999 as against Rs.42.76 on 20.05.1999. 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.

May 20, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.76 on 20.05.1999 as against Rs.42.73 on 19.05.1999. 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.

May 19, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.73 on 19.05.1999 as against Rs.42.73 on 18.05.1999. 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.

May 18, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.73 on 18.05.1999 as against Rs.42.74 on 17.05.1999. 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.

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANK Position FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 03/05/199927782 42 28 22 18432429361921073404/05/1999220129 33 38 39 28408477482852068905/05/199920290 43 44 33 30479598704162547206/05/199928564 45 50 68 44684561544593003307/05/199924960 18 20 27 244536616033120617 SALES 03/05/1999252103 26 3 22 17405448582071493404/05/19

The Reserve Bank of India on May 17, 1999 has notified that the restriction placed on the purchase of shares of M/s. Himachal Futuristic Communication 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. Himachal Futuristic Communication Ltd., by non-resident Indians (NRIs)/overseas corporate bodies (OCBs)/persons of Indian origin (PIOs) has gone below the limit of 8 per cent of it