Press Releases - आरबीआय - Reserve Bank of India

June 19, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.69 on 19.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY USD1 GBP1 EURO100 YEN16 June 2000 44.750067.858942.512542.0619 June 2000 44.690067.658443.166142.0900Note : The reference rate is based on 12 noon rates of a few select banks in Mumba

June 16, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.75 on 16.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN14 June 2000 44.710067.416043.062442.0016 June 200044.750067.858942.512542.0600Note : The reference rate is based on 12 noon rates of a few select banks in

The Reserve Bank of India on June 16, 2000 has notified that non-resident Indians (NRIs), overseas corporate bodies (OCBs) can now purchase equity shares and convertible debentures of M/s. Rama Phosphates Ltd. up to 24 per cent of its paid up capital through stock exchanges under the portfolio investment scheme (PIS), as the company has passed a resolution at its General Body Meeting to this effect.P. V. Sadanandan Asstt. ManagerPress Release : 1999-2000/1686 Monitori

June 14, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.71 on 14.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN 13 June 2000 44.780067.891042.908241.9914 June 200044.710067.416043.062442.0000Note : The reference rate is based on 12 noon rates of a few select banks in Mum

The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Elbee Services Ltd., Infosys Technologies Ltd., Pentamedia Graphics Ltd. (formerly Pentafour Software & Exports Ltd.) and UTV Softwere Ltd., up to 40 per cent of their paid up capital through primary and secondary markets in India. The companies have passed resolution at their Board of Directors' and General Bod

June 13, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.78 on 13.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN 12 June 2000 44.780067.393942.541041.9313 June 200044.780067.891042.908241.9900Note : The reference rate is based on 12 noon rates of a few select banks in Mum

All Figures Are in USD MillionsPURCHASES MERCHANTINTER BANKPosition FCY/INR FCY/FCY FCY/INR FCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 29/05/200029152141 253417 757762189 251492 78 30/05/20002018536 83625 10271571141 522447 20 31/05/200029910749 212621 501824106 468352 50 01/06/2000246444 202722 893153244 499418 35 02/06/2000237475 301215 564819123 456414 15 SALES 29/05/200036323521 253836 666746157 260556 7

June 12, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.78 on 12.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN 09 June 2000 44.760067.605542.698842.1812 June 200044.780067.393942.541041.9300Note : The reference rate is based on 12 noon rates of a few select banks in Mum

June 9, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.76 on 09.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN08 June 2000 44.780068.043242.899242.2509 June 200044.760067.605542.698842.1800Note : The reference rate is based on 12 noon rates of a few select banks in Mumba

In response to queries received today from banks on open positions, it is clarified as under :As clearly indicated in the statement issued this morning, the instruction on open position is applicable only for today. Hence status quo ante is restored with effect from June 9, 2000.P.V. SadanandanAsst. ManagerPress Release : 1999-2000/1652

June 8, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.78 on 08.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN 07 June 2000 44.690068.210342.732642.2108 June 200044.780068.043242.899242.2500Note : The reference rate is based on 12 noon rates of a few select banks in Mumb

The Reserve Bank of India has been watching the inter-bank transactions between 9.00 a.m. - 10.00 a.m. this morning. According to market information, there were few transactions of small value, while the price was being moved sharply higher by some banks. This indicates that the inter-bank activity this morning, despite RBI's repeated reminders seems to be speculative in nature. RBI has instructed banks to maintain square position for the day. If necessary, RBI will i

June 7, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.69 on 07.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN06 June 2000 44.670067.704142.286941.7007 June 200044.690068.210342.732642.2100Note : The reference rate is based on 12 noon rates of a few select banks in

June 6, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.67 on 06.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN05 June 200044.660067.369642.112141.330006 June 200044.670067.704142.286941.7000Note : The reference rate is based on 12 noon rates of a few select banks in Mumb

June 5, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.66 on 05.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN02 June 2000 44.650066.818741.776840.9705 June 200044.660067.369642.112141.3300Note : The reference rate is based on 12 noon rates of a few select banks in Mumba

The Foreign Exchange Management Act, 1999 has come into effect on June 1, 2000 and has replaced the Foreign Exchange Regulation Act 1973. The object of the Foreign Exchange Regulation Act 1973 was to conserve the foreign exchange resources; whereas the object of the new Act, i.e., the Foreign Exchange Management Act, 1999 is to facilitate external trade and payments and to promote orderly maintenance of the foreign exchange market in India. The highlights of the new A

June 2, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.65 on 02.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN01 June 2000 44.570066.788141.759941.1102 June 200044.650066.818741.776840.9700Note : The reference rate is based on 12 noon rates of a few select banks in Mumba

June 1, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.57 on 01.06.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN31 May 2000 44.580066.586941.399241.8101 June 200044.570066.788141.759941.1100Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai

May 31, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.58 on 31.05.2000. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN30 May 2000 44.580066.747441.483941.7031 May 2000 44.580066.586941.399241.8100Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai

The Reserve Bank of India has informed that the holdings of Foreign Institutional investors in M/s. Penta Media Graphics Ltd. (formerly Pentafour Software & Exports Ltd.) have gone down below 28 per cent of its paid up capital. As such, the restriction placed on the purchase of shares of M/s. Penta Media Graphics Ltd. on behalf of FIIs has been withdrawn. It will, therefore, be in order now to purchase the shares of the company in the secondary market on behalf of