Reference rate for US dollar published, with derived EUR, GBP and JPY rupee rates and SDR linkage.
The Reserve Bank of India published an official reference rate for the US dollar on the stated date and supplied corresponding rupee exchange rates for euro, pound sterling and Japanese yen derived from cross-currency middle rates, and stated that the SDR Rupee rate will be determined on the basis of the published reference rate.

Foreign direct investment approvals expand across pharma, insurance and funds while several proposals were deferred or rejected for further review.
Government approved sixteen FIPB-recommended Foreign Direct Investment (FDI) proposals totalling approximately Rs. 4,722 crore across sectors including pharmaceuticals, insurance, venture capital funds, construction, IT/ITES, broadcasting and services related to defence. Approvals covered fresh equity subscriptions, rights issue participation, private placements, merger-related share issuances, post-facto regularisation, deletion of prior conditions, LLP set-up permissions and increased foreign shareholding in select companies. The Government also deferred six proposals for further scrutiny and rejected eight others for non-compliance or incompatibility with policy; one proposal was not maintainable before FIPB.

Reference rate for US dollar published; exchange rates for euro, pound and yen derived from it.
Reserve Bank of India published the Reference Rate for the US Dollar for October 29, 2015 and the prior day's corresponding rate, and, using that Reference Rate with middle cross currency quotes, provided derived exchange rates for the euro, pound sterling and Japanese yen against the rupee; the SDR Rupee rate is to be based on the Reference Rate.

Regulatory convergence for co-operative banks proposes licensing reforms and conversion pathways to align supervision with commercial banks.
The Reserve Bank reformed regulation and supervision of urban co operative banks through phased prudential measures (including CRAR compliance, prohibitions on director-relative loans, interbank and market exposure limits), adoption of CAMELS ratings and a Supervisory Action Framework with trigger points on capital, asset quality, deposit concentration, profitability and credit deployment, and pursued regulatory convergence by aligning CRR/SLR and KYC norms with commercial banks. Structural policy recommended licensing reforms, governance enhancements (Board of Management), capacity building, expanded fee-based permissions and conversion pathways for large multi state UCBs into commercial or specialised banks, subject to legal amendments.

Reference rate for US dollar determines rupee cross currency rates and sets the basis for SDR rupee valuation.
The Reserve Bank of India set a Reference Rate for the US dollar and compared it with the prior day's rate; cross currency euro, pound sterling and yen rates against the rupee are calculated from that US dollar reference and middle rates of cross currency quotes, and the SDR rupee rate is to be based on the stated reference.

Reference rate for US dollar updated; determines rupee conversions for euro, pound and yen.
The Reserve Bank of India publishes the US dollar reference rate and its prior-day comparator; euro, pound and yen rupee rates are derived from that US dollar reference via middle cross-currency quotations, and the SDR Rupee rate will be based on the published reference rate, establishing the official basis for currency conversion and reporting.

Reference rate set for US dollar; derived cross currency exchange rates and SDR Rupee linkage announced today.
The Reserve Bank of India announced the reference rate for the US dollar and provided exchange rates for euro, pound sterling and Japanese yen derived from that reference rate and the middle rates of cross currency quotes. The release further specifies that the SDR Rupee rate will be based on the published reference rate.

Government securities auction opens for multiple maturities using price and yield methods; non-competitive quota and specified bid windows.
Sale of multiple central government securities announced for a specified date using price-based multiple price auctions and a yield-based auction for the long-dated stock. Up to 5% of each notified amount is reserved for eligible individuals and institutions under a non-competitive bidding facility. Competitive and non-competitive electronic bids must be submitted via the designated core banking system within prescribed time windows. Auction results will be announced on the auction date and payment by successful bidders is due on the specified settlement date. Stocks are eligible for When Issued trading under central bank guidelines.

Reference rate determination sets cross currency exchange rates and underlies the SDR rupee rate calculation using the published US dollar reference rate.
The publication reports the daily reference rate for the US dollar, compares it with the prior business day, presents the derived rupee exchange rates for EUR, GBP and JPY using cross currency middle rates, and states that the SDR rupee rate will be based on the published reference rate.

Reference rate for US Dollar published; cross-currency rupee rates for euro, pound and yen updated; SDR linked.
The Reserve Bank of India published the Reference Rate for the US Dollar and the prior day's figure, and-using that reference together with middle cross currency quotes-reported exchange rates of the euro, pound sterling and Japanese yen against the rupee; the notice states the SDR Rupee rate will be based on the published reference rate.

Reference rate for US dollar updates affect rupee cross-currency exchange calculations and determine SDR Rupee rate.
RBI publishes the Reference Rate for the US Dollar, compares it with the previous day, and derives INR exchange quotations for EUR, GBP and JPY from cross currency middle rates; the SDR Rupee rate is stated to be based on the published reference rate.

Reference rate for the US dollar drives official rupee conversions; cross currency middle rates determine euro, pound and yen rates.
Publication of the Reserve Bank's daily reference rate for the US dollar and derived rupee exchange rates for euro, pound and yen computed from the US dollar reference using cross currency middle rates; the SDR Rupee rate is stated to be based on that reference rate.

Pradhan Mantri Jan Dhan Yojana accounts now hold over Rs 25,000 crore; over 60% of accounts have balances.
Deposits in accounts opened under the Pradhan Mantri Jan Dhan Yojana have crossed Rs. 25,000 crore; these accounts are Basic Savings Bank Deposit Accounts allowing zero balance but now over 60% of PMJDY accounts have positive balances while zero balance accounts are under 40%, with aggregate deposits at Rs. 25,146.97 crore as of 7 October 2015.

Reference rate publication: RBI's dollar reference informs cross-currency rupee rates and establishes the SDR rupee basis.
The Reserve Bank of India published the reference rate for the US Dollar for October 13, 2015 and the prior day's rate; it used that reference rate and cross-currency middle rates to derive rupee exchange rates for the Euro, Pound Sterling and Japanese Yen for October 12 and October 13, 2015, and specified that the SDR Rupee rate will be based on the reference rate.

Government securities auction: multiple-price sale with non-competitive facility and electronic bidding windows, plus when-issued trading eligibility.
Announcement of re-issue auctions for specified Central Government stocks to be conducted by the Reserve Bank of India using the multiple price method. Up to five percent of each issue is reserved for eligible investors under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the RBI E-Kuber system within prescribed time windows; the release fixes the auction result announcement and the settlement/payment date. The stocks are eligible for When Issued trading under RBI guidelines.

Reference rate publication: RBI released the US dollar reference rate and derived cross currency exchange rates affecting SDR Rupee calculation.
The Reserve Bank published the official reference rate for the US dollar and, using middle cross currency rates, provided derived exchange rates for the euro, pound sterling and Japanese yen against the rupee; it further specified that the SDR Rupee rate will be based on that reference rate.

World Bank capital increase urged to meet SDG financing needs and realign shareholding to reflect developing countries.
The statement urges a significant World Bank Group capital increase and objective assessment of SDG financing needs, recognizing that IBRD and IFC resources are constrained and that MDBs must provide large scale, long term affordable finance. It calls for climate finance to come from new, additional sources and not to substitute for ODA, and for a dynamic shareholding review to enhance the voice and voting share of developing countries reflecting their increased share in global GDP. The proposed Environment and Social Framework must be realistic, simple, affordable and grounded in borrower focused consultations.

Resource mobilisation for SDGs urged through unconventional financing and international tax cooperation including automatic information exchange.
Calls for expanded resource mobilisation to finance the Sustainable Development Goals, urging unconventional financing mechanisms amid global economic uncertainty, and highlighting India's identity-linked financial inclusion programme, a micro and small enterprise lending initiative, stepped-up public infrastructure investment, renewable energy and smart city targets. Emphasis on international tax cooperation, notably automatic exchange of tax information, and legislation to curb illicit financial outflows as complementary measures to safeguard and mobilise resources for the SDGs.

Reference rate for US Dollar updated, causing adjusted exchange rates for euro, pound and yen against the rupee.
The Reserve Bank of India published the reference rate for the US Dollar for October 09, 2015, provided the prior day's rate for comparison, and stated that cross-currency exchange rates for the Euro, Pound Sterling and Japanese Yen against the rupee are derived from that reference rate using middle rates of cross-currency quotes; the SDR-Rupee rate will be based on the reference rate.

Reference rate for US dollar updated; cross-currency rupee rates for EUR, GBP and JPY provided.
The Reserve Bank published the reference rate for the US dollar and, using that reference and middle cross currency rates, reported rupee exchange rates for EUR, GBP and JPY. The release further provides that the SDR Rupee rate will be based on the published reference rate.