Reference rate publication: US dollar reference set and euro, pound, yen cross rates fixed against the rupee; SDR aligned.
The Reserve Bank of India publishes a daily reference rate for the US dollar and, using that rate with cross currency middle rates, provides exchange rates for the euro, pound sterling and Japanese yen against the rupee; the SDR rupee rate is based on the USD reference rate.

Reference rate for the US dollar published, determining rupee cross currency rates and the SDR Rupee computation for the day.
The central bank published the Reference Rate for the US Dollar and, using that rate with middle cross currency quotes, provided corresponding rupee exchange rates for the euro, pound sterling and yen; it further stated that the SDR Rupee rate will be based on that published reference rate.

Reference rate update sets the US dollar benchmark and adjusts euro, pound and yen exchange rates against the rupee.
The Reserve Bank published the reference rate for the US dollar for January 28, 2015 as Rs. 61.4105 (prior day Rs. 61.4640) and, using that reference and cross currency middle rates, supplied corresponding rupee exchange rates for the euro, pound sterling and the yen; the SDR Rupee rate will be based on the reference rate.

Cancellation of banking licence bars the bank from conducting banking business, including acceptance or repayment of deposits.
Cancellation of banking licence of United Commercial Co-operative Bank Ltd., Kanpur renders the institution unable to carry on the business of banking, including acceptance or repayment of deposits. The regulatory action was taken under statutory powers to withdraw a co-operative bank's licence and requires the bank to cease accepting deposits and conducting other banking operations effective from the date of cancellation.

Reference rate for US dollar set by central bank, guiding cross currency exchange rates and SDR rupee conversions.
The Reserve Bank publishes a Reference Rate for the US Dollar on specified dates and records prior day movement; it then derives exchange rates for Euro, Pound and Yen from that USD reference rate using cross currency middle rates, and states that the SDR Rupee rate will be based on the announced reference rate.

Government securities auction re-issue: multiple-price auctions with non-competitive facility and mandatory electronic bidding via E-Kuber.
Re-issue auctions for four central government stocks will be conducted by the central bank's Mumbai office using the multiple price method with specified notified nominal amounts. Up to 5% of each notified amount is reserved under the Scheme for Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the Reserve Bank's E-Kuber system within designated time windows on the auction day. Auction results and payment settlement follow announced dates. The stocks are eligible for When Issued trading under the central bank's guidelines.

Currency carriage rules now allow higher denomination Indian notes to Nepal and Bhutan, subject to an overall monetary limit.
Permits individuals travelling to Nepal and Bhutan to carry Indian currency notes in denominations of 500 and 1,000 subject to a cap of 25,000, replacing the earlier position which allowed only denominations up to 100 without an overall limit; the change was implemented by amendment to the existing regulations to ease hardship for travellers and clarify cross border cash carriage rules.

Reference rate for US Dollar published; cross currency exchange rates updated and SDR Rupee established based on that rate.
The Reference Rate for the US Dollar was published and, together with middle cross currency quotes, yielded derived Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen; the SDR Rupee rate is to be based on that Reference Rate.

Reference rate for the US dollar announced, updating rupee cross rates for EUR, GBP and JPY and SDR basis.
The Reserve Bank announced the reference rate for the US dollar and published corresponding rupee exchange rates for the euro, pound sterling and Japanese yen derived from cross currency middle rates, and stated that the SDR Rupee rate will be based on that reference rate.

Reference rate update: US dollar reference rate revised and cross-currency rupee rates with SDR Rupee linkage noted.
Announcement of an updated reference rate for the US dollar, with derived cross-currency rupee quotations for major currencies calculated from that reference and middle rates; the SDR Rupee rate will be based on the published reference rate, establishing the operational linkage for exchange rate benchmarks.

Financial inclusion expanded through household-targeted bank accounts, digital payment instruments and direct benefit transfer integration.
Pradhan Mantri Jan Dhan Yojana (PMJDY) expanded household access to formal banking by targeting households across rural and urban areas, using coordinated bank-led account opening camps, Aadhaar enrolment and financial literacy activities, and by establishing fixed-point Business Correspondents to provide universal access. The scheme issued interoperable Rupay cards and promoted Aadhaar-enabled transactions to support digital payments, linked insurance coverage to accounts, and integrated Direct Benefit Transfer mechanisms to channel subsidies and other entitlements directly into beneficiary accounts, reducing intermediary layers.

Reference Rate for US Dollar sets rupee cross currency rates and fixes SDR Rupee valuation for exchange rate reporting purposes.
The Reserve Bank publishes a daily Reference Rate for the US Dollar that serves as the benchmark for deriving rupee exchange rates for other major currencies using middle cross currency rates; the SDR Rupee rate is stated to be based on that US Dollar reference.

Government securities auction rules: re-issue conducted by multiple-price auction with non-competitive allocation and e-bidding and scheduled settlement.
Re-issue of specified central government stocks will be offered through electronic auction using the multiple price method on the RBI's E-Kuber platform; up to 5% of each notified amount is reserved for eligible applicants under the Non-Competitive Bidding Facility. Non-competitive and competitive bids must be submitted in electronic format within prescribed time windows, auction results will be announced on the auction date, payment/settlement will follow on the appointed business day, and the stocks are eligible for when-issued trading under RBI guidelines.

Reference rate for US Dollar published; cross-currency rupee rates for euro, pound and yen derived accordingly.
Publication of a reference rate for the US Dollar: the central monetary authority issued the official rupee reference rate for the US dollar on January 19, 2015, noting the prior day's rate. Using that US Dollar reference rate and cross-currency middle rates, rupee exchange rates for the euro, pound sterling and Japanese yen are presented for the two dates. The SDR-Rupee rate is declared to be based on this reference rate.

Long-term agricultural investment urged to strengthen rural finance, expand farm credit, digitise SHGs and pilot district credit expansion.
Long term agricultural investment and remedial action in the rural finance market were prioritised, directing NABARD to address rural finance inadequacies, lead financial inclusion, expand farm credit to small and marginal farmers and to cultivators without title deeds, and strengthen rural housing refinance. A district centric pilot to increase per capita rural credit and initiatives to market handicrafts via e commerce portals and digitise Self Help Groups to enhance their banking interface and participation in national financial inclusion schemes were also advanced.

Reference rate publication sets the US dollar benchmark and determines linked euro, pound and yen exchange rates.
Publication of the Reserve Bank's Reference Rate for the US dollar establishes the official rupee benchmark used to derive cross currency quotations; using that benchmark and middle cross currency rates the exchange rates of the euro, pound sterling and yen against the rupee are determined, and the SDR Rupee rate is linked to this reference rate.

Trade balance: merchandise deficit widened for April-December as oil fell and non oil imports rose, services remained surplus.
Merchandise exports fell in December 2014 year on year while cumulative April-December exports rose; December imports fell year on year but cumulative April-December imports increased. Oil imports declined sharply year on year for December and declined modestly cumulatively, while non oil imports rose for both December and April-December. These trends resulted in a larger merchandise trade deficit for April-December 2014 15. Separately, services receipts exceeded payments in November 2014, yielding a positive services trade balance. The release provides provisional dollar and rupee aggregates and growth rates for these periods.

Reference rate for US Dollar published; derived exchange rates for major currencies and SDR linkage clarified.
The Reserve Bank of India published the Reference Rate for the US Dollar for January 15, 2015 and the previous day, and, using those rates with middle cross-currency quotes, provided derived exchange rates for the Euro, Pound Sterling and the Japanese Yen against the Rupee; the SDR-Rupee rate is confirmed to be based on this reference rate.

Monetary easing: policy repo rate reduced to reinforce disinflation while preserving liquidity and fiscal consolidation.
Monetary policy shifted to a loosening orientation after disinflationary developments and eased inflation expectations created headroom. The Bank reduced the policy repo rate, left the cash reserve ratio unchanged, and committed to provide overnight and short term repo liquidity through auctions and daily variable rate operations, with corresponding adjustments to the reverse repo, marginal standing facility and Bank Rate. Further easing will depend on sustained disinflation, fiscal consolidation and resolution of supply constraints.

Reference rate for US dollar set by central bank drives cross currency rupee rates and SDR rupee conversion.
The Reserve Bank sets the reference rate for the US dollar and, using middle rates of cross currency quotes, publishes corresponding Rupee exchange rates for the Euro, Pound and Yen; the SDR Rupee rate is to be based on that reference rate, providing the official daily benchmark for FX valuation and conversions.