Press Releases - ఆర్‌బిఐ - Reserve Bank of India

April 15, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.83 on 15.04.1999 as against Rs.42.71 on 13.04.1999. 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 13, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.71 on 13.04.1999 as against Rs.42.70 on 12.04.1999. 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

The Reserve Bank of India has advised that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Maars Software International Ltd., up to 30 per cent of their paid up capital, instead of the earlier 24 per cent through primary markets and stock exchanges, as the company has passed a resolution to this effect at its Board and General Body Meetings.Alpana Killawala General ManagerPress Release: 1998-99/1295 Monitoring o

April 12, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.70 on 12.04.1999 as against Rs.42.68 on 09.04.1999. 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

The Reserve Bank of India has notified on April 10, 1999 that the aggregate net purchases of equity shares of M/s. Satyam Computers Limited by foreign institutional investors (FIIs) has gone down below 28 per cent of its paid up capital. The restriction placed earlier on the purchase of shares of M/s. Satyam Computers Ltd., has therefore, been withdrawn. Purchases of equity shares of M/s. Satyam Computers Ltd. in the secondary market will, therefore, be allowed on beh

April 9, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.68 on 09.04.1999 as against Rs.42.67 on 08.04.1999. 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 8, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.67 on 08.04.1999 as against Rs.42.64 on 07.04.1999. 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 7, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.64 on 07.04.1999 as against Rs.42.51 on 06.04.1999. 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 6, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.51 on 06.04.1999 as against Rs.42.44 on 05.04.1999. 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.

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANK Position FCY/INR FCY/FCY FCY/INR FCY/FCY DateSPOTFORWARDFORWARDCANCELLATIONSPOTFORWARDFORWARDCANCELLATIONSPOTSWAPFORWARDSPOTSWAPFORWARD 22/03/99515124793312105706226121912511 23/03/99271951051434184568629639416620 24/03/993719711732394039586412344835534 26/03/99562138197583950743101912153533249 SALES 22/03/199929619263711108746117625114012 23/03/1999239142426141849971717245516520 24/03/1999354171351340454268

April 05, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.44 on 05.04.1999 as against Rs.42.43 on 31.03.1999. 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 31, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.43 on 31.03.1999 as against Rs.42.43 on 30.03.1999. 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 15/03/19993198032423225573711143509204916/03/1999255145295157304736091354721943317/03/1999235108352849363769161874042532719/03/1999323110503754376706268142721677SALES 15/03/199932210034303529605829101492396916/03/199922579473356206585941525262323817/03/1999221814211472942393

BackgroundIn order to facilitate participation by Non-resident Indians (NRIs)/Persons of Indian Origins (PIOs) in India's economic development, over a period of time, the Government of India and the Reserve Bank of India have provided a number of special facilities to them. Procedures for availing of such facilities have also been simplified from time to time. As a result, the requirement for NRIs to apply and seek specific permission from the Reserve Bank for each fi

March 30, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.43 on 30.03.1999 as against Rs.42.40 on 26.03.1999. 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 26, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.40 on 26.03.1999 as against Rs.42.40 on 24.03.1999. 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

India's foreign exchange reserve crossed US$ 31.0 billion for the first time last Friday, March 19, 1999 to reach the level of US$ 31, 235 million. This was the highest level ever recorded. According to the Weekly Statistical Supplement (WSS) of the Reserve Bank of India, to be released on Saturday, the increase in foreign exchange reserves on March 19, 1999 over the previous week was US$ 315 million. Increased by US$ 315 million over the previous week, foreign curren

March 24, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.40 on 24.03.1999 as against Rs.42.39 on 23.03.1999. 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 23, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.39 on 23.03.1999 as against Rs.42.39 on 22.03.1999. 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             08/03/19992737655216140480712915332342909/03/199922969591348314866711124551522210/03/1999268