RBI Memorandum of Instructions governing money changing activities
RBI/2013-14/259 A.P. (DIR Series) Circular No. 45 September 16, 2013 To, All Authorised Persons in Foreign Exchange Madam/ Dear Sir, Memorandum of Instructions governing money changing activities Location of Forex Counters in International Airports in India Attention of Authorised Persons is invited to Para 2 (b) of the A.P.(DIR Series) Circular No.38 dated October 25, 2011.… Read More
Tags: Airport authority, Authorised Persons, Currency, Foreign Exchange Counters, Foreign Exchange Management Act, Foreign exchange market, India, Indian rupee
FM Speak :: No Cause for Panic due to Currency Market Volatility; No Intention to Introduce Capital Controls
The Union Finance Minister Shri P. Chidambaram said that revival and encouragement of growth will continue to be the focus of the Government. Shri Chidambaram said that stronger growth will, in course of time, alleviate many of the challenges that we face. He said that there is no cause for the panic that seems to… Read More
Tags: Basel, Computer-aided design, Current account, Economy of India, Foreign exchange market, Government, India, P. Chidambaram
RBI™s further measures to address volatility in Forex Market
Over the last two months, the Reserve Bank of India (RBI) has instituted several measures to contain the volatility in the foreign exchange market. On a review of the impact of these measures and for effective liquidity management, it has been decided that the RBI will auction Government of India Cash Management Bills for a… Read More
Tags: Auction, Cash management, Foreign exchange market, Government of India, India, rbi, Reserve Bank of India, Run batted in
UCBs – Change in Daily Minimum Cash Reserve Maintenance Requirement
RBI/2013-14/159 UBD.BPD. (SCB). CIR. No. 1 /12.03.000/2013-14 July 24, 2013 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Madam/Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to Press Release 2013-2014/154 dated July 23, 2013, announcing additional measures to address foreign… Read More
Tags: Bank, Foreign exchange market, Fortnight, General manager, Reserve Bank of India, Reserve requirement, Run batted in, Urban area
RBI Announces Liquidity Adjustment Facility
Over the last two months, the Reserve Bank of India (RBI) has undertaken several measures to contain the volatility in the foreign exchange market. Among them, some measures intended to check excessive speculation adding to undue volatility in market conditions were instituted vide the RBI's Press Release No.2013-2014/100 dated July 15, 2013. These measures have had… Read More
Tags: Exchange rate, Foreign exchange market, Friday, Liquidity Adjustment Facility, rbi, Reserve Bank of India, Reserve requirement, Run batted in
RBI announces Additional measures to address Exchange Market Volatility
Over the last two months, the Reserve Bank of India (RBI) has undertaken several measures to contain the volatility in the foreign exchange market. Among them, some measures intended to check excessive speculation adding to undue volatility in market conditions were instituted vide the RBI's Press Release No.2013-2014/100 dated July 15, 2013. These measures have had… Read More
Tags: Exchange rate, Foreign exchange market, Friday, Liquidity Adjustment Facility, rbi, Reserve Bank of India, Reserve requirement, Run batted in
Forex Earnings from Tourism increases by more than 7%
The Foreign Exchange Earnings (FEEs) from tourism in Rupee terms in April, 2013 rose by seven percent in comparison to April 2012.The Foreign Tourist Arrivals ( FTAs) in April 2013 was 4.52 lakh which was the same in April 2012. However, FTAs during the period January-April 2013 were 24.80 lakh with a growth of 1.9%, as compared to the FTAs… Read More
Tags: April 2013, Foreign exchange market, Pakistani rupee, Reserve Bank of India, Rupee, Tourism, United States, United States dollar