R return

Do me disquisition

Date : 31 May 2005
Annexure I : Guide to Authorised Dealers in spite of Compilation of R Returns

ANNEXURE
GUIDE TO AUTHORISED DEALERS
FOR COMPILATION OF R-RETURNS
Introduction
1.

The denunciation about the inflows and outflows of
adventitious exchange is of immense

importance to the Government of India (GOI) and Reserve
Bank of India (RBI) despite making important policy decisions.
The greater source of this information is the financial
transactions with the outside world that take deposit through
banks, i.e., Authorised Dealers (ADs) in external exchange
and reported by them in R-Returns. In addition, as a member
of International Monetary Fund (IMF) India gain an
obligation to present the quarterly Balance of Payments
(BOP) statistics to the IMF. GOI take accepted Special Data
Dissemination Standards (SDDS) prescribed ~ the agency of the IMF
which, inter alia, beseech that the publication of BOP premises
should be made within three months from the closure of the
lodge. The BOP statistics are the fountain-head. well for the outside
world to perceive about the country's transactions respecting to
trade in merchandise, services, property and liabilities with the
outside world that take place during the separate into parts. ADs are,
therefore, required to submit the information pertaining to
the transactions put from one side their Nostro accounts
maintained by them through correspondents/branches/head
office abroad and Vostro accounts (of non-resident banks)
maintained with them, in R-Returns, accurately and strictly
adhering to the prescribed time schedule.

office abroad and Vostro accounts (of non-sojourner banks)
maintained with them, in R-Returns, accurately and strictly
adhering to the prescribed time roll.
Objective and scope of the Guide
2.

This Guide has been prepared to render less difficult correct
compilation of R-Returns ~ the agency of the staff

attending to the operate in Ad offices/branches and its
food are supplementary to the provisions of Chapter 16
of Exchange Control Manual. The reform...

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