MANU/APDR/0037/2012

Ministry : Reserve Bank of India

Department / Board : RBI A.P. DIR (Series)

Circular No. : A.P. (DIR Series) Circular No. 84

Date : 29.02.2012

Notification/ Circulars Referred: A.P.(DIR Series) Circular No.77 dated March 13, 2004 MANU/APDR/0033/2004; Circular No. 30 dated February 25, 2008 MANU/APDR/0013/2008

Referred IN

Citing Reference:
A.P.(DIR Series) Circular No.77 dated March 13, 2004 MANU/APDR/0033/2004  Referred Circular No. 30 dated February 25, 2008 MANU/APDR/0013/2008   Referred

To

All Authorised Dealers in Foreign Exchange

Madam / Sir,

Compilation of R-Returns: Reporting under FETERS

Attention of Authorised Dealer (Category I) banks is invited to A.P.(DIR Series) Circular No.77 dated March 13, 2004 giving guidelines for compilation of R-Returns and reporting under the Foreign Exchange Transactions - Electronic Reporting System (FETERS), and also the A.P.(DIR Series) Circular No. 30 dated February 25, 2008 on the move from the system of 'branch-wise' reporting to 'bank-wise' reporting under the FETERS.

2. Several subsequent developments have necessitated further modifications in FETERS. These include:

a. The Working Group on Balance of Payments (BoP) Manual for India (Chairman: Shri Deepak Mohanty) constituted by the Reserve Bank reviewed, inter alia, the existing methodology for compilation of India's BoP with a view to making it consistent with the guidelines contained in the Sixth edition of Balance of Payments and International Investment Position Manual (BPM6) of the International Monetary Fund (IMF). The Working Group made several recommendations for improving the present compilation procedure as well as presentation of India's BoP statistics conforming to international best practices.

b. With the transition to core banking system (CBS), move to complete transaction reporting is........