FOREIGN EXCHANGE MANAGEMENT

With the transition to a market-based system for determining the external value of the Indian rupee the foreign exchange market in India gained importance in the early reform period.

Press Release

(133 kb)

Date : Jun 21, 2017

Monitoring of Foreign Investment under PIS in Indian Companies- Removal from Ban List - FIIs/RPIs : M/s IDFC Limited

The Reserve Bank of India has today notified that the foreign shareholding by Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) in M/s IDFC Limited have gone below the prescribed FII/FPI investment limit. Hence, the restrictions placed on the purchase of shares by FII/FPI of the above company, are withdrawn with immediate effect.

Ajit Prasad
Assistant Adviser

Press Release: 2016-2017/3444

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