Reference Rate for US Dollar establishes official Rupee benchmarks and determines SDR Rupee conversion basis.
The Reserve Bank of India published an official Reference Rate for the US Dollar and, using that reference together with middle cross currency quotes, provided corresponding Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen; the release further states that the SDR Rupee rate will be based on the published reference rate.

Reference rate publication sets the US dollar and derived cross-currency exchange rates and governs SDR Rupee calculation.
The Reserve Bank of India published the US dollar reference rate and, using middle rates of cross currency quotes, supplied derived exchange rates for the euro, pound sterling and yen against the rupee; it further states that the SDR Rupee rate will be based on that reference rate.

Sovereign Gold Bond subscription rules detail application, KYC, e Kuber processing, interest, tradability provisions and commission sharing.
Operational guidelines for Sovereign Gold Bonds, 2016-17 Series IV set subscription procedures, KYC standards, interest on application money, cancellation rules and processing through RBI's e Kuber. Bonds are government securities subject to lien marking, issued as Certificates of Holding in the principal holder's name and credited to demat accounts after allotment. Receiving offices - banks, designated post offices, SHCIL and exchanges - handle servicing, may appoint agents with commission sharing, preserve applications until maturity, and bonds become tradable only when held in dematerialised form.

Reference exchange rate: central bank published updated US dollar and cross-currency rupee rates affecting SDR Rupee computation.
Publication of Reference Rate for the US dollar with comparison to the previous day and corresponding rupee exchange rates for the euro, pound sterling and Japanese yen derived from the dollar reference and middle cross currency quotes, and a specification that the SDR Rupee rate will be based on the published reference rate.

Reference rate for the US dollar updates rupee cross rates and determines the SDR rupee valuation.
Reserve Bank of India publishes the reference rate for the US dollar and, using that rate with middle cross currency quotes, provides updated rupee exchange rates for the euro, pound sterling and the Japanese yen; the Bank states the SDR Rupee rate will be based on the announced reference rate.

Reference rate for the US dollar establishes cross currency exchange benchmarks and links SDR rupee valuation today.
The Reserve Bank of India published the Reference Rate for the US dollar and, using that reference together with middle cross currency quotes, provided exchange rates for the euro, pound sterling and yen against the rupee; it also states that the SDR Rupee rate will be based on the published reference rate.

Reference rate publication for the US Dollar establishes the operative benchmark for cross currency Rupee rates and SDR conversion.
Publication of the reference rate for the US Dollar on February 17, 2017, with the prior day's rate for comparison; using that US Dollar reference and middle cross currency rates, the release provides Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen and specifies that the SDR-Rupee rate will be based on the published reference rate.

Monetary policy stance signals flexibility to support a swift V-shaped economic recovery amid remonetisation and external risks.
Monetary policy will support a rapid rebound after withdrawal of high denomination notes, with remonetisation proceeding quickly and a V shaped recovery expected following a short slowdown. The RBI lowered near term growth estimates but forecasts a stronger rebound next year; full benefits of currency replacement will take time. Sustainable higher growth hinges on structural reforms in land and labour. The MPC kept the policy rate unchanged and shifted stance from accommodative to neutral to allow flexibility, and emphasised maintaining low, stable inflation and financial stability. Rising trade protectionism poses volatility risks.

Reference rate for US dollar set; cross-currency rupee rates updated and SDR rupee linked to the reference rate.
Reference rate for the US dollar was established for February 16, 2017, with a corresponding prior-day figure; cross-currency middle rates for EUR, GBP and JPY against the rupee are published as derived from that reference, and the SDR Rupee rate is specified to be based on the reference rate.

Acquisition of subsidiary banks approved, enabling legal merger under statutory provision and repeal of subsidiary bank Acts.
Approval authorises statutory acquisition of multiple public sector subsidiary banks by their parent bank and legislative repeal of subsidiary-specific Acts to enable legal merger and integration. The consolidation aims to achieve recurring cost savings through operational efficiency and lower cost of funds, unify treasury and risk management, reduce geographic concentration risks, and extend the parent bank's network benefits to subsidiary customers.

Voluntary employee enrolment declaration waives undeducted employee contributions and fixes nominal employer damages under the campaign.
The Employees Enrolment Campaign 2017 creates a voluntary declaration route by which employers may disclose previously unenrolled workers; declared employees' share of contributions is waived, employer damages are fixed at a nominal rate, no administrative charges are collected, declarations are barred where an inquiry is pending, and payments for declared periods must be remitted month wise via ECRs through the EPFO online Principal Employer portal.

Reference Rate guidance: central bank publishes USD reference and derived exchange rates for major currencies.
The Reserve Bank of India published the Reference Rate for the US Dollar and, using that USD reference together with middle rates of cross currency quotations, provided derived exchange rates for EUR, GBP and JPY against the rupee for the indicated dates; the release further states that the SDR Rupee rate will be based on the reference rate.

Repurchase of Government Securities via reverse auction using price-based multiple-price method; electronic bids on E-Kuber required.
Repurchase of Government securities will be conducted through a reverse auction to redeem specified Government Stocks prematurely using surplus cash balances; the exercise is ad hoc. The auction is price based using the multiple price method, with electronic bids to be submitted via the Reserve Bank of India Core Banking Solution (E Kuber) during the prescribed bidding window on the announced date and results declared the same day.

Reference rate established for the US dollar; cross currency rupee rates for euro, pound and yen updated, SDR rupee linked.
The Reserve Bank of India announced the Reference Rate for the US dollar and, using middle rates of cross currency quotes, provided updated rupee rates for the euro, pound sterling and yen, stating that the SDR Rupee rate will be based on the reference rate.

Reference rate for US dollar updated; corresponding euro, pound and yen exchange rates provided, and SDR rupee linkage noted.
The Reserve Bank of India published the reference rate for the US dollar and its comparison with the previous reference; based on that reference and middle cross currency quotes the Bank provided exchange rates for the euro, pound sterling and yen against the rupee, and stated that the SDR rupee rate will be based on the reference rate.

Reference rate for the US dollar published, determining cross currency exchange rates and SDR Rupee calculation for market guidance.
The publication announces the reference rate for the US dollar on February 10, 2017 and the prior day's rate; using that reference rate and middle cross currency quotes it provides exchange quotations for the euro, pound sterling and yen against the rupee, and states that the SDR Rupee rate will be based on the published reference rate.

Interest rates for Small Savings Schemes were revised for the January-March 2017 quarter; banks must notify subscribers.
Government revised interest rates for small savings schemes for the quarter 1 January 2017 to 31 March 2017, fixing rates and compounding/payment frequencies for instruments such as Savings Deposit (4.0% annually), Time Deposits (1 year 7.0%; 2 year 7.1%; 3 year 7.3%; 5 year 7.8% quarterly), 5 year Recurring Deposit (7.3% quarterly), Senior Citizen Savings Scheme (8.5% quarterly/paid), Monthly Income Account (7.7% paid), National Savings Certificate and Public Provident Fund (8.0%), Kisan Vikas Patra and Sukanya Samriddhi Account as notified. Agency banks were directed to notify and display these rates to subscribers.

Reference Rate for US Dollar published; corresponding cross-currency rupee rates and SDR-Rupee linkage stated, updated.
The Reserve Bank published the Reference Rate for the US Dollar and, using that rate with middle cross-currency quotes, supplied corresponding rupee exchange rates for the euro, pound and yen; it stated the SDR Rupee rate will be based on the published reference rate.

Digital literacy initiative expands rural digital access, aiming to make millions of households digitally literate through national training and payment-readiness.
Cabinet approval establishes the Pradhan Mantri Gramin Digital Saksharta Abhiyan as a centrally supported national scheme to promote digital literacy in rural households, enabling operation of digital devices, online access to services, and cashless transactions; implementation will be supervised by the Ministry of Electronics and IT in coordination with State Implementing Agencies and District e Governance Societies, with explicit curriculum components on digital payment systems to ensure equitable geographic reach through Gram Panchayat level registration.

Cash withdrawal limits relaxed for savings accounts: temporary cap raised, then limits removed as remonetisation progresses.
The Reserve Bank, in view of remonetisation after withdrawal of Specified Bank Notes, has decided a two-step relaxation for Savings Bank accounts (including PMJDY): first a temporary enhancement of the weekly cash withdrawal cap, and subsequently the complete removal of cash withdrawal limits, thereby aligning restrictions with the pace of remonetisation.