On a review of developments in the global financial markets and the fact that domestic importers are experiencing difficulties in raising Trade Credit within the existing all-in-cost (AIC) ceiling, it has been decided to revise the AIC for Trade Credits as under:
The result of the RBI Reverse Repo auction held today is as under:
The Reserve Bank releases provisional aggregate monthly data on India's international trade in services with a lag of 45 days. Accordingly, the data for the month of August 2011 were released on October 14, 2011.
The Reserve Bank of India’s Reference Rate for the US dollar is `50.5645 and the Reference Rate for Euro is `68.7875 on November 15, 2011. The corresponding rates for the previous day (November 14, 2011) were `50.0845 and `68.8325 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below:
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