Press Releases - આરબીઆઈ - Reserve Bank of India

March 10, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.44 on 10.03.1999 as against Rs.42.47 on 09.03.1999. 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

March 9, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.47 on 09.03.1999 as against Rs.42.50 on 08.03.1999. 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.

March 8, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.50 on 08.03.1999 as against Rs.42.53 on 05.03.1999. 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.

March 5, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.53 on 05.03.1999 as against Rs.42.53 on 04.03.1999. 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.

March 4, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.53 on 04.03.1999 as against Rs.42.55 on 03.03.1999. 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.

On February 28, 1999 the Reserve Bank of India had announced a scheme for revamping and major simplification of procedures for sanctioning of export credit in foreign currency to exporters, in particular small and medium exporters, at internationally competitive rates. Under the revamped scheme, in addition to the rate of interest being directly linked to London Inter-Bank Offered Rate (LIBOR), it has also been provided that export credit will be need-based and not di

March 3, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.55 on 03.03.1999 as against Rs.42.51 on 1.03.1999. 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/FCY DateSPOTFORWARDFORWARDCANCELLATIONSPOTFORWARDFORWARDCANCELLATIONSPOTSWAPFORWARDSPOTSWAPFORWARD 15/02/19992174631123022329270432461191616/02/19991708024225840463545465282953517/02/19991975039192732383509884341961718/02/199923638423017195246731014351565819/02/1999432565144623834478236546131269SALES 15/02/1999186821173120344273642741141616/02/1999174782115533944551570548

As a part of the on-going exercise for simplification, the Reserve Bank of India has revised three application forms - for foreign exchange remittances - for remittances of gifts and for maintenance of close relatives abroad (REM), for medical treatment abroad (TRM1) and for treatment abroad for those who are already abroad for business visits (TRM2).For gift remittance to close relatives, application form has now been dispensed with and exchange facilities are availa

March 1, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.51 on 01.03.1999 as against Rs.42.49 on 24.02.1999. 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 Rs.