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    News
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    November 30, 2015
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    Government securities auction: re issue conducted by central bank with reserved non competitive allotment and when issued trading eligibility.
    Re issue auctions announced for four Government Stock series by the central bank on the notified date, conducted by multiple price, price based auction. Up to 5% of each notified amount is reserved under the Scheme for Non Competitive Bidding. Bids must be submitted electronically on the central bank's E Kuber system within prescribed non competitive and competitive time windows. Auction results and payment/settlement dates are specified. The Stocks are eligible for When Issued trading pursuant to central bank guidelines.
    November 30, 2015
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    Reference rate for US dollar establishes exchange benchmarks and determines the SDR rupee valuation for subsequent currency rates.
    The Reserve Bank of India published the reference rate for the US dollar and, using that rate with middle cross currency quotes, provided exchange rates for the euro, pound and yen against the rupee; it also stated that the SDR rupee rate will be based on the published reference rate.
    November 27, 2015
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    Official Development Assistance loan facilitates funding for Chennai and Ahmedabad metro projects, enabling bilateral infrastructure cooperation.
    Exchange of Notes records Japan's commitment of Official Development Assistance loans in yen to finance the Chennai Metro Rail Project (IV) and the Ahmedabad Metro Project, specifies the yen amounts with rupee equivalents, identifies the officials who exchanged the Notes, and states the rupee yen exchange rate.
    November 27, 2015
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    Reference rate for US dollar updated, guiding cross currency rupee quotations and determining the SDR rupee linkage.
    Publication announces the Reserve Bank's update of the Reference Rate for the US Dollar and states that that reference rate, together with middle rates of cross currency quotes, is used to derive exchange rates of other currencies against the rupee and to determine the SDR Rupee rate.
    November 27, 2015
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    Monetary Policy Review scheduled for announcement by press release on December 1 at 11:00 a.m.
    The Reserve Bank will issue its Fifth Bi-monthly Monetary Policy Review for 2015-16 by press release, scheduled to be transmitted publicly at the stated hour; the press release constitutes the formal mechanism for disclosing the Bank's monetary policy stance and any operative policy measures announced with that Review.
    November 26, 2015
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    Reference rate for the US Dollar sets rupee exchange rates for major currencies and determines the SDR Rupee valuation.
    The Reserve Bank of India published the daily reference rate for the US Dollar and, using that reference rate with cross-currency middle rates, provided derived exchange rates for the Euro, Pound Sterling and Japanese Yen; the SDR-Rupee rate will be based on the published reference rate.
    November 24, 2015
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    Reference rate determination sets the benchmark exchange rates and underpins SDR rupee conversion and cross currency valuations.
    The Reserve Bank published the Reference Rate for the US dollar and, using that benchmark with cross currency middle quotes, derived and reported rupee exchange rates for the euro, pound and yen; the SDR Rupee rate is expressly based on the published reference rate, making the reference rate the operative conversion basis for SDR valuation in rupee terms.
    November 23, 2015
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    Government securities auction: price-based multiple-price sale with reserved non-competitive allotments and electronic bidding timetable.
    Announcement of a price-based multiple-price re-issue auction of five government stocks conducted by the Reserve Bank's Mumbai office with specified notified amounts. Up to 5% of each notified amount is reserved for eligible individuals and institutions 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 prescribed time windows; the release prescribes auction result and payment dates and confirms eligibility for When Issued trading under central bank guidelines.
    November 23, 2015
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    Reference rate for US Dollar set by RBI, with derived rupee exchange rates for euro, pound and yen.
    Reserve Bank of India published the Reference Rate for the US Dollar and, based on that rate and middle cross currency quotes, provided exchange rates of the Euro, Pound Sterling and Japanese Yen against the rupee; the release further specifies that the SDR Rupee rate will be based on the announced reference rate.
    November 20, 2015
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    Reference rate for US dollar published; derived exchange rates set EUR, GBP, JPY and SDR Rupee valuations.
    The Reserve Bank published the reference rate for the US dollar and, using middle cross currency quotes, provided exchange rates for the euro, pound sterling and Japanese yen against the Rupee; it also specified that the SDR Rupee rate will be based on the published reference rate.
    November 19, 2015
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    Reference rate for US dollar set; impacts cross-currency rupee rates and determines SDR rupee valuation in release.
    Publication of the Reference Rate for the US dollar establishes the base rupee quotation used to derive other currency rates; using the dollar reference and middle cross currency quotes the release provides rupee exchange rates for the euro, pound and yen, and specifies that the SDR Rupee rate will be based on this reference rate.
    November 18, 2015
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    Reference Rate for US dollar published, informing rupee exchange benchmarks and cross currency rate calculations.
    The Reserve Bank of India published the daily Reference Rate for the US dollar and derived rupee exchange rates for euro, pound sterling and yen based on that reference and middle cross currency quotations; it also states the SDR Rupee rate will be based on the published reference rate.
    November 17, 2015
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    Reference rate publication sets official exchange conversions and bases the SDR Rupee rate on that reference.
    The Reserve Bank publishes the official Reference Rate for the US Dollar and, using cross currency middle rates, provides corresponding Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen; it further states that the SDR Rupee rate will be based on the published reference rate.
    November 16, 2015
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    Auction of government securities: re-issue conducted via multiple-price auction with electronic competitive and non-competitive bids.
    Re-issue auctions of four central government stocks will be conducted by price-based sale using the multiple price method; up to five percent of each notified amount is reserved under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically via the E-Kuber system within prescribed time windows. Auction results and a specified payment date follow, and the stocks are eligible for when-issued trading under existing guidelines.
    November 16, 2015
    Show AI Summary
    Reference rate update sets rupee exchange benchmarks and links SDR rupee valuation to the USD reference rate.
    The Reserve Bank of India published a reference rate for the US dollar on November 16, 2015, which serves as the official rupee benchmark; using that USD rate and cross currency middle rates, the Bank provided corresponding rupee exchange rates for the euro, sterling and the yen, and stated that the SDR Rupee rate will be based on the announced reference rate.
    November 13, 2015
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    Swachh Bharat Cess: levy on taxable services calculated on abated value and payable under reverse charge and PoT rules.
    Swachh Bharat Cess is a separate levy governed by Chapter V service tax provisions; it is calculated on the same taxable value as service tax (including abated value or values determined under the Determination of Value Rules), follows alternative-rate computation where applicable, and is payable under reverse charge when service tax is payable under reverse charge. Point of Taxation Rules determine chargeability where payment, invoicing, and provision of service intersect with the levy commencement.
    November 10, 2015
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    Foreign direct investment liberalisation expands automatic-route access and streamlines approvals to boost investment and manufacturing.
    Reforms liberalise Foreign Direct Investment by expanding automatic-route access, simplifying approval conditions and rationalising investment structures across multiple sectors, addressing downstream LLP investments, NRI-owned companies and ownership transfers, with sector-specific relaxations in agriculture, mining, defence, broadcasting, civil aviation, construction, banking, manufacturing, retail and wholesale; the package raises the FIPB threshold and consolidates FDI-related instructions into a single booklet to streamline investor processes.
    November 10, 2015
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    Board appointment: Vice-Chairman named to Bank for International Settlements Board for a three-year term.
    Dr. Raghuram Rajan, Governor of the Reserve Bank of India, was elected Vice-Chairman of the Bank for International Settlements Board of Directors at its Basel meeting, beginning a three-year term from 10 November 2015; the notice notes his Board membership since December 2013 and refers to the BIS website for information on the role and composition of the Board.
    November 10, 2015
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    Reference Rate for US Dollar published; informs exchange rates for euro, pound and yen against the rupee.
    The Reserve Bank published the reference rate for the US dollar and, using middle cross currency quotes, provided corresponding rupee exchange rates for the euro, pound sterling and yen; it also stated that the SDR rupee rate will be based on this reference rate.
    November 9, 2015
    Show AI Summary
    Reference rate for US Dollar set by central bank, with updated cross-currency rupee rates and SDR rupee linkage.
    The Reserve Bank of India announced the official reference rate for the US Dollar and provided corresponding middle-market Rupee exchange rates for EUR, GBP and JPY derived from cross-currency quotes; the release also states that the SDR Rupee rate will be based on the announced reference rate.

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