Plastic currency field trial may determine broader replacement of paper notes based on trial outcome.
Government announces a trial issuance of polymer banknotes in a specified denomination across selected cities to test geographic and climatic performance with the primary objective of increasing note durability; broader replacement will depend on the outcome of the field trial as stated by the monetary authority in a parliamentary reply.

Reduction in mandated free ATM transactions limits complimentary third party ATM uses in specified metro centres, with exemptions retained.
The policy reduces the mandated number of free transactions for savings bank account holders at other banks' ATMs located in six metro centres, while banks may offer additional free transactions voluntarily. Exemptions preserve prior free transaction treatment for no frills/Basic Savings Bank Deposit Account holders and for transactions at ATMs outside those metro centres. The announcement did not direct any change to ATM interchange fee arrangements.

Foreign direct investment liberalisation expands automatic route access and incentives for construction development to attract increased inflows.
Statistics record FDI proposals received, approved, rejected and pending, accompanied by annexed sector-wise and state-wise equity inflow tables through September 2014. The Government proposes liberalisation of the Construction Development sector by easing minimum capitalisation, area and lock-in rules and incentivising affordable housing. It reiterates an investor-friendly policy permitting up to 100% FDI under the automatic route in most sectors and describes active investment promotion, international cooperation, industry engagement and a single-window facilitation mechanism to assist prospective overseas investors.

Reference rate publication sets official dollar benchmark and determines linked SDR Rupee and cross currency Rupee rates.
Reserve Bank of India publishes the Reference Rate for the US Dollar and, using middle cross-currency rates, provides Rupee exchange rates for the Euro, Pound and Yen; it also states that the SDR-Rupee rate will be based on the published reference rate.

PMJDY account expansion target revised to achieve universal household banking and promote Aadhaar seeding and RuPay activation.
The Finance Minister revised the Pradhan Mantri Jan Dhan Yojana (PMJDY) account-opening target and directed accelerated measures including sweep-mode account openings, state and district administrative engagement, greater private bank participation, and Aadhaar seeding to enable Direct Benefit Transfer. Emphasis was placed on increasing deposits and transactions in zero-balance accounts via financial literacy, ensuring RuPay card activation, deploying bank mitras, and promoting convergence with other social programmes to enhance account utilisation.

Reference rate publication for the US dollar establishes cross currency conversion and SDR rupee linkage for exchange reporting.
The central bank published an official reference rate for the US dollar which anchors the rupee exchange values for euro, pound sterling and yen through cross currency middle rates, and the SDR Rupee rate is declared to be based on that published reference rate.

Monetary policy review: announcement scheduled and full policy text to be published online for stakeholder access.
Announcement that the central bank will issue the Fifth Bi-monthly monetary policy review for 2014-15 on a specified date, and that the full policy text will be published on the central bank's website at a stated time, serving as formal notice to market participants and stakeholders of the forthcoming policy statement.

Reference rate for US dollar updated; cross currency Rupee rates and the SDR Rupee linkage are derived from it.
Publication of a reference exchange rate for the US dollar establishes the official Rupee conversion benchmark for the stated date, and, using that reference with middle cross currency quotes, derives Rupee rates for the euro, pound sterling and Japanese yen; the SDR Rupee rate is declared to be based on this reference rate.

Reference rate for the US dollar establishes rupee exchange benchmarks and underpins SDR Rupee conversion.
The central bank publishes an official reference rate for the US dollar, compares it with the prior day's reference rate, and uses that US dollar benchmark together with cross-currency middle rates to derive rupee exchange rates for the Euro, Pound Sterling, and Japanese Yen; the communique specifies that the SDR Rupee rate will be based on the published reference rate.

Government securities auction opens with multiple-price and yield auctions, electronic bidding and non-competitive allotment available.
Announcement of re-issues and a new long-tenor Government stock to be auctioned by the Reserve Bank of India using the Multiple price method and a yield-based auction for the thirty-year issue. Up to five percent of each notified amount is reserved under the Scheme for Non-Competitive Bidding Facility for eligible individuals and institutions. Competitive and non-competitive bids must be submitted electronically via the RBI E-Kuber system within specified time windows. Auction results and settlement dates are set, and the stocks are eligible for When Issued trading.

Fraudulent impersonation of NBFC registration warns public to verify credentials and avoid advance payments, report suspicions to police promptly.
Fraudulent impersonation has been observed where entities present forged, cancelled Certificate of Registration purporting to be NBFCs and solicit loans by collecting advance processing charges before disappearing; such conduct is punishable. The public is warned to verify any licence or Certificate of Registration, refuse advance processing charges for promised loans, and report suspected incidents to local police authorities to avoid falling victim to such frauds.

Reference rate for US dollar determines rupee exchange benchmarks and cross currency rates for practical valuation.
The announcement sets the Reference Rate for the US Dollar as the official rupee exchange benchmark for the date and states that euro, pound and yen rupee rates are computed from that reference using middle cross-currency quotations; the SDR-Rupee rate will be based on the same reference framework.

Reference rate publication sets the official dollar rupee benchmark and underpins derived cross currency rupee rates.
The Reserve Bank of India publishes a daily Reference Rate for the US dollar and, using that reference plus middle cross currency rates, provides corresponding rupee exchange rates for other major currencies; the SDR Rupee rate is stated to be based on the published reference rate.

Currency issuance: new banknote featuring rupee symbol and inset 'R' introduced; existing banknotes remain legal tender.
The Reserve Bank announced issuance of twenty-rupee banknotes in the Mahatma Gandhi Series-2005 incorporating the rupee symbol on both faces and an inset letter 'R' in both numbering panels, bearing the Governor's signature and year-of-printing; previously issued banknotes in the denomination continue to be legal tender.

Reference rate for US dollar updated, affecting cross-currency rupee quotations and SDR rupee computation for market guidance.
Publication of the Reference Rate for the US dollar and associated cross-currency rupee quotations for euro, pound sterling and yen; the SDR Rupee rate will be determined on the basis of the published reference rate.

Reference rate for US Dollar sets rupee exchange benchmarks for EUR, GBP, JPY and SDR conversion.
The Reserve Bank announced the Reference Rate for the US Dollar on November 19, 2014 as the benchmark for deriving Rupee exchange rates; using that reference and middle cross currency quotes it published corresponding EUR, GBP and JPY Rupee rates and stated the SDR Rupee rate will be based on the reference rate.

Auction of Government Stocks: Multiple price auctions with competitive and reserved non competitive bidding, electronic submission required.
The Government announced re issues and an issue of specified Government stocks to be sold by the Reserve Bank of India using the Multiple price method, with one stock offered via yield based auction and others via price based auction. Up to five percent of each notified amount is reserved for eligible bidders under the Scheme for Non Competitive Bidding Facility. Both competitive and non competitive bids must be submitted electronically on the RBI E Kuber system within designated time windows. Auction results and payment dates are set out in the notice, and the stocks are eligible for "When Issued" trading under RBI guidelines.

Reference rate for US dollar published; cross currency exchange rates and SDR Rupee computation are tied to it.
The Reserve Bank publishes the official rupee reference rate for the US dollar and, using middle cross currency quotes, supplies exchange rates for the euro, pound sterling and yen; the SDR Rupee rate is to be based on that published reference rate.

Trade balance shows narrower deficit amid lower oil imports and higher non-oil imports in the recent period.
Merchandise exports fell in October 2014 year-on-year while cumulative April-October exports recorded growth in dollar and rupee terms; merchandise imports rose in October and cumulatively showed modest growth, with oil imports declining and non-oil imports increasing, resulting in a narrower merchandise trade deficit for April-October relative to the prior year. Services data for September 2014 show net exports of services (receipts exceeding payments), producing a services trade surplus.

Reference rate for US Dollar set and announced, affecting cross currency exchange quotations and SDR Rupee conversion basis.
Reserve Bank of India announced the reference rate for the US Dollar, contrasted it with the prior business day's figure, and-using that USD reference and middle rates of cross currency quotes-published derived exchange rates for the Euro, Pound Sterling and Japanese Yen against the Rupee; the SDR Rupee rate will be based on the reference rate.