MUMBAI, India, Aug. 5 -- Reserve Bank of India issued the following press release: In terms of A.P (DIR Series) Circular No.10 dated July 11, 2022, Reserve Bank of India has put in place an additional arrangement for invoicing, payment, and settlement of exports / imports in INR. Under this arrangement, AD banks are permitted to open Special Rupee Vostro Accounts (SRVAs) of correspondent banks, with the prior approval of the Reserve Bank for settling cross-border trade transactions. Based on a...
MUMBAI, India, Aug. 5 -- Reserve Bank of India issued the following press release: The result of the auction of State Government Securities held on August 05, 2025, is as under: (Amount in ₹ Crore) ANDHRA PRADESH SGS 2031 ANDHRA PRADESH SGS 2033 ANDHRA PRADESH SGS 2034 ASSAM SGS 2035 Notified Amount 1500 1500 2000 900 Tenor 6 -Years 8 -Years 9 -Years 10 -Years Competitive Bids Received (i) No. 38 65 82 30 (ii) Amount 3040 4200 5430 1744.50 Cut-off Yield (%) 6.77 6.96 6.96 7.02 Cut ...
MUMBAI, India, Aug. 5 -- Reserve Bank of India issued the following press release: Sr. No. State/UT Notified Amount (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Andhra Pradesh 1500 1500 6.77 06 1500 1500 6.96 08 2000 2000 6.96 09 2. Assam 900 900 7.02 10 3. Bihar 2000 2000 7.22 15 4. Jammu and Kashmir* 800 450.018 6.84 06 5. Kerala 1000 1000 7.24 16 6. Madhya Pradesh 1600 1600 7.22 18 1400 1400 7.24 20 1000 1000 7.22 23 7. Maharashtra 10...
MUMBAI, India, Aug. 5 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,12,401.68 5.25 4.00-6.30 I. Call Money 15,411.51 5.37 4.75-5.45 II. Triparty Repo 4,02,397.55 5.22 5.01-5.30 III. Market Repo 1,91,802.07 5.29 4.00-5.50 IV. Repo in Corporate Bond 2,790.55 5.49 5.42-6.30 B. Term Segment I. Notice Money** 340.14 5.32 4.95-5.45 II. Te...
NEW DELHI, Aug. 5 -- The Government of India issued the following FEMA circular: RBI/2025-2026/71 A.P. (DIR Series) Circular No.08 August 05, 2025 To All Category-I Authorised Dealer Banks Madam/Sir International Trade Settlement in Indian Rupees (INR) Attention of Authorised Dealer (AD) Category - I banks is invited to Para 10 of A.P (DIR Series) Circular No.10 dated July 11, 2022 on the captioned subject. 2. On a review, it has been decided to allow AD banks to open Special Rupee Vost...
PATNA, India, Aug. 4 -- Patna High Court issued the following judgment on July 15: 1.The writ petition is filed for the following reliefs: " for issuance of appropriate writ/writs order/orders directing the respondent authorities particularly Respondent No. 2 and 3 to refund the security deposit amount Rs. 18,00,000/- along with interest which was deposited by the petitioner being a second highest bidder in a tender of sand Mining in the District of Kishanganj. The further prayer of the petit...
PATNA, India, Aug. 4 -- Patna High Court issued the following judgment on July 15: Heard the parties. 2. The petitioner in the present writ application seeks the following main relief: "(i)To quash the order dated 18 May 2004, as contained in Letter No. 603(6)/Revision (Annexure 13), along with the subsequent Memo No. 2273/Rev., Patna dated 14 September 2004 (Annexure 13-1), on the grounds that there has been no breach of the terms of the lease deed dated 19 June 1966. (ii) Consequent to the ...
PATNA, India, Aug. 4 -- Patna High Court issued the following judgment on July 15: Heard learned Senior counsel for the petitioner, learned counsel for the State and learned counsel for the Accountant General, Bihar, Patna. 2. The present writ petition has been filed for the following relief/s:- "I. For commanding the respondent authorities to consider the case of the husband of the petitioner for a second time bound promotion after completion of twenty five years of service as many persons a...
PATNA, India, Aug. 4 -- Patna High Court issued the following judgment on July 15: In the instant petition, petitioners have prayed for the following relief:- That this is an application for issuance of the appropriate writ/writs/direction/order/orders commanding the respondents to make payment of Rs. 3,05,28,000/- as compensation amount with statutory interest in favour of petitioners in lieu of acquisition of his lands bearing Khata No. 159, Khesra No. 838 Area 90 decimal situated in mauza-B...
PATNA, India, Aug. 4 -- Patna High Court issued the following judgment on July 15: In the instant petition, petitioner has prayed for the following relief:- (i)To direct the respondent authority to stay the construction of G.S.Y road without acquired the personal land of the petitioner bearing Khata No. 116, 34, Plot No. 581, 611 and 610, Mauza Poiwan, nature of land Raiyati, Aurangabad. (ii)To direct the respondent authority who were forcefully constructing the said road on the personal land...