Reference rate publication for the US dollar; cross currency rupee rates issued and SDR rupee linkage announced.
The Reserve Bank published a reference rate for the US dollar and, using that reference together with middle rates of cross currency quotes, provided rupee exchange rates for the euro, pound sterling and the yen; the SDR rupee rate is stated to be based on the published reference rate.

Licence cancellation for insolvent cooperative bank triggers winding up and insured deposit payout under DICGC protections.
RBI cancelled the licence of The Baripada Urban Co-operative Bank Ltd. for insolvency and failed revival efforts, requested winding up and liquidator appointment, and initiated liquidation-linked insured repayment under the Deposit Insurance and Credit Guarantee Corporation subject to scheme terms. Statutory inspections had shown negative capital and reserves, negative CRAR, substantial accumulated losses, extremely high NPAs, supervisory directions were issued, and revival proposals were inadequate. Consequent to cancellation the bank is prohibited from carrying on banking business under the Act.

Reference rate for the US dollar set, shaping cross currency exchange benchmarks and the SDR rupee benchmark.
The Reserve Bank published a Reference Rate for the US Dollar and, using middle cross currency quotes, provided rupee exchange equivalents for the Euro, Pound Sterling and Japanese Yen; it also stated that the SDR Rupee rate will be based on that reference rate, establishing the reference rate as the operative benchmark for SDR denomination and daily exchange rate references.

Foreign Direct Investment liberalization in construction allows full automatic-route investment subject to project, approval and infrastructure conditions.
The policy permits 100 percent Foreign Direct Investment under the automatic route in the construction development sector subject to conditions on minimum project area, staged timing for initial and subsequent foreign investment, exit linked to project completion or a post-investment period contingent on trunk infrastructure, and case-by-case early repatriation or stake transfer. Investee companies must obtain statutory approvals, develop required internal and peripheral infrastructure, secure architect certification for floor area compliance, and conform to local building regulations; certain project types and socially oriented housing commitments qualify for specified relaxations.

Reference rate for US dollar sets exchange rates for major currencies and determines the SDR rupee valuation.
The Reserve Bank publishes the Reference Rate for the US dollar as the daily benchmark and, using middle rates of cross currency quotes, provides rupee exchange rates for the euro, pound sterling and yen; the SDR Rupee rate is to be based on this Reference Rate.

Regulatory directions restrict bank's lending, investments and deposits and limit withdrawals pending restoration of financial stability.
The regulator imposed temporary operational restrictions on the bank, prohibiting grant or renewal of loans, investments, incurrence of liabilities, borrowing, acceptance of fresh deposits, disbursements, compromises, and disposal of assets without prior written approval, while permitting limited depositor withdrawals under specified conditions; these directions are issued under statutory powers and remain in force pending review and improvement of the bank's financial position.

Reference rate publication sets the central bank benchmark for dollar rupee conversion and cross currency rupee rates.
Publication of the Reference Rate for the US Dollar establishes the central bank benchmark for rupee conversion; cross currency middle rates are used to derive the rupee exchange rates for the euro, pound sterling and yen; and the SDR Rupee rate is determined on the basis of the published reference rate.

Government securities auction: price-based re-issue using multiple-price method with provision for non-competitive bids and electronic submission.
Sale by re-issue of government stocks is conducted through price-based auctions using the multiple price method on the RBI E-Kuber system; competitive and non-competitive bids must be submitted within prescribed electronic windows. Up to five percent of the notified amount is allotted under the Non-Competitive Bidding Facility to eligible individuals and institutions. Auction results are announced same day and successful bidders settle on the scheduled payment date. The stocks are eligible for When Issued trading under RBI guidelines.

Reference rate for US dollar set; cross currency rupee exchange rates for euro, pound and yen updated accordingly.
The Reserve Bank of India publishes a US dollar reference rate which serves as the benchmark for calculating rupee exchange rates for other major currencies; using the USD reference rate together with middle cross currency quotes, the RBI provides corresponding rupee rates for the euro, pound sterling and Japanese yen and states that the SDR Rupee rate will be based on the published reference rate.

Reference rate publication: RBI sets US dollar benchmark and provides rupee cross-currency quotes with SDR basis.
Publication of a Reference Rate by the Reserve Bank sets the official rupee benchmark for the US dollar and, using cross-currency middle rates, furnishes rupee exchange rates for the euro, pound sterling and Japanese yen; the SDR Rupee rate will be determined on the basis of the published reference rate.

Reference exchange rate publication sets the US dollar benchmark and governs calculation of cross currency and SDR rupee rates.
The Reserve Bank of India publishes an official reference exchange rate for the US dollar which serves as the primary benchmark for deriving rupee rates for other currencies; using that reference together with middle cross currency quotes the Bank provides corresponding rupee rates for the euro, pound sterling and yen, and specifies that the SDR Rupee rate will be based on the published reference rate.

Reference rate for the US dollar updated, affecting cross currency rupee rates for euro, pound and yen.
Reference rate for the US dollar fixed at Rs. 61.2873 on October 20, 2014, with the prior-day rate at Rs. 61.6165; based on that reference and middle cross currency quotes the rupee exchange rates for euro, pound sterling and yen are published and the SDR Rupee rate will be based on the reference rate.

Reference exchange rate for the US dollar updated, affecting cross currency rupee rates and SDR rupee conversion basis.
The notice declares an updated reference rate for the US dollar and supplies rupee exchange rates for the euro, pound sterling and yen derived from that reference rate and middle cross currency quotes; it also states that the SDR rupee rate will be based on the reference rate.

School-only registration requirement for national financial literacy assessment encourages basic finance skills among middle and high school students.
Participation in the national financial literacy assessment is permitted only through school registration; individual registrations are not accepted. The assessment is an online, bilingual, fixed duration multiple question test offered free of charge, with results declared after administration. Schools must follow the prescribed registration procedures and contact channels to enrol eligible students.

Appointment of Chief Economic Adviser confirmed with fixed-term contract and specified pay scale and service term conditions.
The Appointments Committee of the Cabinet approved the appointment of Chief Economic Adviser on a contractual basis for three years from the date of appointment or until superannuation, whichever is earlier, on a specified fixed pay scale; the document notes the appointee's professional credentials as background.

Reference exchange rate set by RBI influences daily cross-currency rupee rates and determines SDR Rupee valuation.
The Reserve Bank of India published the daily Reference Rate for the US Dollar, compared it with the prior reference, and provided corresponding rupee exchange quotations for the euro, pound sterling and Japanese yen derived from the US Dollar reference and cross currency middle rates; the SDR-Rupee rate is to be based on this published reference rate.

Monetary policy measures stabilised markets and earned recognition for tackling capital outflows and severe currency stress.
International recognition was accorded for decisive monetary policy actions addressing capital outflows and sharp currency depreciation, with interventions focused on stabilising bond and foreign-exchange markets and strengthening financial system functioning amid entrenched domestic resistance.

Inflation control through food market reforms and fiscal and monetary measures to sustain lower inflation expectations.
Inflation control is being pursued through government interventions that have reduced food price pressures and through continued food market reforms to improve supply responses. Fiscal consolidation and a new monetary policy framework are described as complementary measures to anchor inflationary expectations and sustain a low, stable inflation rate.

Reference rate for US Dollar published; cross currency exchange rates and SDR Rupee linkage notified for market reference.
The Reserve Bank of India publishes a daily reference rate for the US Dollar and, using that rate with middle cross currency quotes, provides corresponding Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen; the previous day's US Dollar reference rate is reported for comparison and the SDR Rupee rate is to be based on the published reference rate.

Government securities re issue auction using multiple price price based method with non competitive bids and electronic E Kuber submission.
Sale by auction of re issued central government securities will be conducted on the Reserve Bank of India Core Banking Solution (E Kuber) using a price based procedure under the Multiple price method; distinct electronic submission windows are prescribed for non competitive and competitive bids, with a capped allotment to eligible individuals and institutions under the Non Competitive Bidding Facility, auction results announced on the auction date and payment by successful bidders due on the prescribed settlement date; the stocks are eligible for When Issued trading under RBI guidelines.