Merchanting Trade Transactions
RBI/2013-14/452 A.P. (DIR Series) Circular No.95 January 17, 2014 To All Category - I Authorised Dealer Banks Merchanting Trade Transactions Madam / Sir, Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular Nos.106 & 4 dated June 19, 2003 and July 19, 2003 respectively, containing directions relating to merchanting or intermediary trade transactions.… Read More
Tags: Anno Domini, Categories of New Testament manuscripts, Export, Foreign Exchange Management Act, India, Indian rupee, Letter of credit, Reserve Bank of India
Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
RBI/2013-14/438 A. P. (DIR Series) Circular No. 88 January 09, 2014 To, All Authorised Dealer Category - I Banks Madam / Sir, Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses Attention of Authorised Dealer Category I (AD Category I) banks is invited to Part (B)… Read More
Tags: Anno Domini, Asia, Financial services, Foreign Exchange Management Act, India, Indian rupee, Mutual fund, Non-resident Indian and person of Indian origin
Export Credit in Foreign Currency
RBI/2013-14/291 DBOD.Dir.BC.No. 57 /04.02.001/2013-14 September 25, 2013 All Scheduled Commercial Banks and Exim Bank (excluding RRBs) Dear Sir/ Madam, Export Credit in Foreign Currency Banks extend export credit in Indian Rupees as well as in foreign currency, such as Pre Shipment Credit in Foreign Currency (PCFC) and Post Shipment Credit in Foreign Currency (PSCFC), as… Read More
Tags: Central bank, Commercial bank, Currency, Exchange rate, EXIM bank, Export, Export credit agency, Indian rupee
RBI Clarification on carrying of INR 10,000 by Non-residents and Residents
In terms of instructions issued vide A.P. (Dir Series) circular No.45 dated September 16, 2013, the Reserve Bank of India had facilitated encashment of rupees into convertible currencies even beyond Immigration/Customs desk. This instruction has been misreported in certain sections of the media as a new restriction imposed by the Reserve Bank. The Reserve Bank issues… Read More
Tags: Bhutan, Currency, India, Indian rupee, Nepal, Non-resident Indian and person of Indian origin, Reserve Bank of India, September 16 2013
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
Internationalisation and Integration of Asian Capital Markets
Internationalisation and Integration of Asian Capital Markets: Expanded Role for Asian Currencies, including the Renminbi - Comments by Shri G. Padmanabhan. ED, RBI at Singapore on July 12, 2013 I am indeed indebted to the organizers, Lee Kuan Yew School of Public Policy, National University of Singapore for providing me this opportunity to share my thoughts… Read More
Tags: Asia, China, India, Indian rupee, Lee Kuan Yew School of Public Policy, National University of Singapore, People's Bank of China, Renminbi
India™s External Debt end-March 2013
As per the standard practice, India's external debt statistics for the quarters ending March and June are released by the Reserve Bank of India and those for the quarters ending September and December by the Ministry of Finance, Government of India. The external debt data are released with a lag of one quarter. The external debt… Read More
Tags: External debt, finance, India, Indian rupee, March 2012, March 2013, ministry of finance, Reserve Bank of India
Notification of Iran under Para 2.35 (b) of Foreign Trade Policy, 2009-2014
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3, SUB SECTION (II) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE Notification No. 17 (Re 2013)/2009-2014 New Delhi, Dated The 10th June, 2013 Subject: Notification of Iran under Para 2.35 (b) of Foreign Trade Policy, 2009-2014. S.O. (E): In exercise… Read More
Tags: Director-general, Foreign Trade Policy, Gazette of India, Government of India, Indian rupee, Iran, Ministry of Commerce and Industry (India), New Delhi
RBI Clarification on Interest Rates on Rupee Export Credit
RBI/2012-13/519 UBD.BPD. (AD) Cir.No.4/13.05.000/2012-13 June 4 , 2013 The Chief Executive Officer Scheduled Primary (Urban) Co-operative Banks (holding AD Category I licence) Dear Sir/Madam Interest Rates on Rupee Export Credit -UCBs Please refer to our circular UBD.BPD.(AD).Cir.No.2/13.05.000/2012-13 dated January 22, 2013 on the captioned subject, extending the interest subvention of 2% up to March 31, 2014 on… Read More
Tags: Alloy steel, Annex- II, Bank, Government of India, Indian rupee, ITC, March 31 2014, SHPS
RBI Clarification on Overseas Direct Investments
RBI Clarification on Overseas Direct Investments RBI/2012-13/481 A.P. (DIR Series) Circular No. 100 April 25, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Overseas Direct Investments Clarification Attention of the Authorised Dealers (AD) is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004 notified by the Reserve Bank… Read More
Tags: Categories of New Testament manuscripts, FEMA, Foreign Exchange Management Act, Indian rupee, Reserve Bank, Reserve Bank of India
Money Changing Activities – RBI Clarifications
RBI/2012-13/473 A.P. (DIR Series) Circular No. 96 April 5, 2013 To, All Authorised Persons Madam/ Dear Sir, Memorandum of Instructions governing money changing activities Please refer to Para E 2(ii) of Annex I of {A.P.(DIR Series) Circular No. 57 [A.P.(FL/RL Series) Circular No.04] } dated March 09, 2009 on the captioned subject. 2. On a review, it… Read More
Tags: AuthorisedPerson, Credit card, Foreign Exchange Management Act, India, Indian rupee, Money changer, Rudra Narayan Kar