Reference rate announcement sets base exchange rates for US dollar and euro and informs derived cross rates and SDR linkage.
Reserve Bank of India publishes daily reference rates for the US dollar and the euro with corresponding previous day figures to indicate short term movement, and, using the dollar reference rate and cross currency middle rates, provides derived exchange rates for other currencies while noting that the SDR Rupee rate will be based on the reference rate.

Reference rate publication updates dollar, euro, pound and yen exchange rates against the rupee and informs SDR conversion.
Publication of Reference Rate values establishes daily official exchange benchmarks: the Reserve Bank released US dollar and euro reference rates for October 30, 2013 with prior day comparisons, and-by using the dollar reference and cross currency middle rates-provided derived rupee rates for the pound sterling and the Japanese yen; the SDR Rupee conversion is stated to be based on the published reference rate.

Reference rate publication clarifies exchange-rate benchmarks and cross-currency derivation for major currencies and SDR linkage.
Reserve Bank of India published its Reference Rate values for the US dollar and the Euro for October 29, 2013, comparing them with the previous day's rates, and stated that those reference rates are the basis for calculating the SDR-Rupee rate. The release also supplied derived rupee exchange rates for the British pound and Japanese yen based on the US dollar reference rate and cross currency middle rates.

Monetary policy stance: calibrate measures to anchor inflation while supporting fragile growth and investment recovery.
Monetary policy must reconcile weak demand and tepid growth with persistent inflationary pressures; modest growth recovery is expected later in the year from agriculture and exports, but private consumption and investment remain weak. Inflationary risks persist due to high wholesale and consumer prices and possible second round effects from food and fuel prices despite a good monsoon. External sector risks have eased with moderating current account pressures and improved exports, while broad money and credit growth are aligned with the Bank's trajectory. Incremental calibration of monetary policy should be guided by the growth inflation balance and accompanied by structural reforms and quicker project implementation.

Government securities auction: uniform-price re-issues with non-competitive allotment and electronic bidding and payment schedule.
Re-issue of four Central Government stocks will be sold by uniform-price auction conducted electronically on the specified date via RBI's E-Kuber. Bidding windows differentiate Non-Competitive Bidding Facility applicants and competitive bidders; up to five per cent of each notified amount is reserved for non-competitive allotment. Results and payment dates are announced by the issuer. The stocks are eligible for When Issued trading under RBI guidelines, and bidders must follow the prescribed electronic submission and settlement timelines.

Reference Rate publication for US dollar and euro establishes derived exchange rates for other currencies.
Publication of Reference Rate for the US dollar and the euro establishes official daily benchmark exchange rates against the rupee, specifying the current and previous day rates. Using the dollar reference rate and middle cross-currency quotes, the announcement derives exchange rates for the pound sterling and the yen, and states that the SDR Rupee rate will be based on the published reference rate.

Reference Rate published establishing exchange benchmarks for major currencies against the rupee and specifying SDR Rupee linkage.
The Reserve Bank of India published the Reference Rate for the US dollar and Euro, establishing official exchange benchmarks for the rupee and showing day-to-day movement versus the preceding day; it provides GBP and JPY rates derived from the US dollar reference and cross-currency middle rates, and states that the SDR Rupee rate will be based on the published reference rate.

GIRO-based bill payment framework establishes advisory group to design national electronic bill payment system and authorization criteria.
Constitution of a GIRO Advisory Group to design and operationalize a national GIRO-based Indian Bill Payment System, including whether to use an existing organization or form a new entity; framing operational and technology guidelines; and specifying authorization criteria covering financial, governance, ownership, technical and operational requirements for entities seeking to operate the bill payments system under the payment-system legal framework.

Regulatory governance: regulators to implement non legislative FSLRC principles and plan measures to counter QE tapering risks.
The Council directed regulators to finalise an action plan to implement FSLRC principles on regulatory governance, transparency and operational efficiency that do not require legislative change, to analyze public feedback to refine the draft Indian Financial Code, and to finalise a roadmap for institutional reforms including a Resolution Corporation while preparing measures to mitigate adverse impacts from anticipated tapering of Quantitative Easing.

Net Interest Margin as an efficiency indicator links bank resilience to capitalisation and liquidity during financial stress.
Assessment of Net Interest Margin (NIM) as an efficiency indicator for Indian banks and the effect of the financial crisis on bank behaviour. The paper finds margins were dampened by non-performing assets and cost inefficiency, while real economic growth supported margins. Well-capitalised banks and those with high deposit concentration maintained higher margins and showed greater resilience; public sector banks saw erosion of profitability. Banks with strong capital and liquidity avoided early crisis pressure, whereas low-capital, low-liquidity banks struggled in the latter crisis phase.

Reference exchange rates published for major currencies, with derived cross currency quotes and SDR rupee linkage clarified.
Reserve Bank published official reference exchange rates for the US dollar and the euro as of October 24, 2013, noting the prior day's values for comparison. Using the dollar reference and middle cross currency quotes, the release supplies derived rupee rates for the pound sterling and the yen and states that the SDR Rupee rate will be based on the reference rate.

Inflation-indexed government stock auction re-issue: uniform price sale with non-competitive allocation and electronic bidding scheduled.
Re-issue of 1.44% Inflation Indexed Government Stock-2023 is offered via a uniform price auction on October 30, 2013, with results the same day and payment the following day; bids must be submitted electronically on the Reserve Bank of India E-Kuber system with non-competitive and competitive bid windows, and up to 20% of the notified amount is reserved under the Scheme for Non-Competitive Bidding Facility.

Pricing power influences manufacturing output growth and has a lagged, muted effect on inflation, notably in intermediate goods.
The study uses an SVAR framework with controls for market structure and activity to assess how corporate pricing power affects inflation and manufacturing output. It finds a statistically significant, positive and lagged effect of pricing power on aggregate non-food manufacturing output; declines in pricing power have a positive but muted effect on inflation and depress output growth sooner than they affect inflation. Significant pricing power effects on both inflation and output are concentrated in intermediate goods.

Reference Rate update: dollar and euro benchmarks adjusted, affecting cross currency exchange rates and SDR rupee calculation.
The Reserve Bank of India published official Reference Rates for the US dollar and the euro for October 23, 2013, provided the previous day's rates, and-using the US dollar Reference Rate and middle cross currency quotations-derived and released corresponding pound sterling and yen exchange rates; the notice states the SDR rupee rate will be based on the published Reference Rate.

Licence cancellation of co operative bank triggers deposit insurance payouts and commencement of liquidation under banking regulation.
The Reserve Bank cancelled the licence of Vishwakarma Nagari Sahakari Bank Maryadit, Aurangabad, after successive statutory inspections under Section 35 and directions under Section 35A revealed insolvency, sustained defaults in CRR/SLR and CRAR, large and increasing NPAs, managerial and KYC/AML deficiencies, incorrect liability computation and regulatory breaches. The cancellation followed a show cause notice under Section 22 and triggers winding up, prohibition on carrying on banking business and initiation of insured deposit payments under the DICGC scheme subject to its terms.

Reference exchange rate publication clarifies Rupee parity for major currencies and cross currency derived rates for market use.
Reserve Bank of India published reference exchange rates for the US dollar and the Euro for October 22, 2013, with corresponding previous day figures; using the US dollar reference and middle cross currency rates the Rupee rates for the British Pound and Japanese Yen are provided, and the SDR Rupee rate is stated to be based on the published reference rate.

Reference rate announcement: central bank publishes FX reference rates and derived cross currency rates to guide market valuations.
The central bank published Reference Rates for the US dollar and the Euro for a specified date, compared them with the prior day's rates, and-using the US dollar Reference Rate and cross currency middle rates-provided derived exchange rates for the Pound Sterling and the Japanese Yen; the Special Drawing Rights Rupee rate will be based on the published Reference Rate.

RTGS modernization enhances settlement infrastructure with ISO 20022 messaging and new liquidity and gridlock management features.
The ISO 20022 compliant RTGS modernises large value payment infrastructure with advanced liquidity and queue management, gridlock resolution, hybrid settlement, future value dated and multi currency processing. It provides three access options-thick client, Web API, and Payment Originator module-permits staged functionality rollout, decommissions the legacy RTGS, and replaces prior membership guidelines with the RTGS System Regulations 2013 while aligning the system with CPSS IOSCO FMI principles.

Data quality management: banks must secure auditable, consistent data to support regulatory reporting and risk based decision making.
Banks must implement robust Data Quality Management to secure accurate, complete, consistent, auditable and timely data for decision making and regulatory reporting. Persistent single version-of the truth requires resolving disparate, duplicated and non standard data, preserving lineage and change history, and establishing clear enterprise governance assigning roles across business and technology. Regulatory frameworks place responsibility for risk critical data on institutions, making standardised reporting, automated end to end data flows and data stewardship essential to support risk calculations, macro prudential analysis and migration from reporting to analytics.

Reference rate announcement governs exchange rate dissemination and cross-currency calculations for major currencies against the rupee.
The Reserve Bank announced benchmark Reference Rates for the US dollar and the Euro, used to derive cross-currency rupee exchange rates for the pound sterling and the Japanese yen by applying the dollar reference and middle cross-currency quotes; it further states the SDR Rupee rate will be based on the reference rate.