Reference rate announcement updates US dollar and euro exchange benchmarks affecting cross-currency quotations and SDR-Rupee linkage.
Reserve Bank of India published official reference rates for the US dollar and the euro on April 30, 2014, noting the prior day's benchmarks for comparison; it states that other currency rates (exemplified by the pound sterling and Japanese yen) are calculated from the US dollar reference using middle cross currency quotes and that the SDR Rupee rate is based on the stated reference rate.

When Issued trading permitted for re issued government stocks; uniform price auctions with non competitive bidding facility apply.
The Government announced re-issues of specified government stocks via price based auctions using the uniform price method, with designated notified amounts. Up to five percent of each issue will be allotted to eligible individuals and institutions under the Non-Competitive Bidding Facility. Both non competitive and competitive electronic bids must be submitted on the core banking auction system during prescribed time windows; auction results will be announced on the auction date and payment by successful bidders on the stated settlement date. The stocks are eligible for When Issued trading under prevailing guidelines.

Reference rate announcement sets official exchange rates for major currencies and ties the SDR Rupee to that rate.
Reference rates for the US dollar and Euro were published, with prior day figures supplied for comparison; derived exchange rates for pound sterling and Japanese yen against the rupee were calculated from the US dollar reference rate and cross currency middle rates; and the SDR Rupee rate is specified to be based on the published reference rate.

Reference exchange rates published for major currencies, yielding derived GBP and JPY rupee rates and SDR basis.
The Reserve Bank of India published reference exchange rates for the US dollar and the Euro on April 28, 2014, noting previous-day levels. Using the US dollar reference and middle cross currency quotes the Bank provided derived rupee rates for the British pound and the Japanese yen, and stated that the SDR Rupee rate will be based on the Reference Rate.

Reference rate publication updates exchange benchmarks for major currencies and sets the SDR Rupee linkage for market transactions.
The Reserve Bank of India issued updated Reference Rates for the US dollar and the euro and, using the dollar rate with middle cross currency quotes, provided derived exchange rates for the pound sterling and the Japanese yen; the SDR Rupee rate is to be based on the published reference rate.

Banking licence rejection bars the entity from carrying banking business and triggers liquidation with insured deposit repayment process.
The Reserve Bank rejected the bank's application for a licence under Section 22(3) and directed cessation of banking business, requesting winding up and appointment of a liquidator; this follows statutory inspections and supervisory reviews revealing sustained negative net worth, inadequate CRAR, high NPAs, regulatory breaches, KYC and reporting lapses, frauds, and unsuccessful remediation efforts, and depositors will be eligible for repayment under the Deposit Insurance scheme subject to its terms.

Reference rate update: central bank published foreign exchange reference rates and derived cross currency rupee rates.
The central bank published the Reference Rate for the US dollar and the Euro for April 23, 2014, compared with the prior day's figures, and-using the US dollar reference and cross currency middle rates-provided derived rupee exchange rates for the British pound and the Japanese yen. The notice states that the SDR-Rupee rate will be based on the published reference rate.

Reference rate publication sets rupee exchange benchmarks for major currencies and underpins SDR valuation for market guidance.
The Reserve Bank of India publishes official reference rates for major foreign currencies, reporting day to day movements and deriving cross currency rupee rates from the US dollar reference and middle cross currency quotes; the SDR Rupee rate is to be based on the published reference rate, thereby providing authoritative benchmarks for currency pricing and SDR valuation.

Government securities auction: uniform-price re-issue with competitive and non-competitive electronic bidding and retail allotment quota.
Re-issue of four central government stocks will be offered through uniform-price auctions with specified notified amounts, results announced on the auction date and settlement on the scheduled payment date. Up to five percent of each issue is reserved for eligible individuals and institutions under the non-competitive bidding facility. Competitive and non-competitive bids must be submitted electronically via the central bank's core banking system within prescribed time windows, and the stocks are eligible for when-issued trading under the central bank's when-issued transaction guidelines.

Currency note issuance: new banknotes with inset letter introduced; existing notes in the denomination remain legal tender.
The Bank will issue Rs.100 denomination banknotes in the Mahatma Gandhi Series 2005 bearing the Governor's signature and year of printing 2014, incorporating the currency symbol and an inset letter "L" in both numbering panels; the design matches earlier Series 2005 Rs.100 notes. All previously issued Rs.100 banknotes will continue to be legal tender.

Banknote issuance: new denomination variant with inset letter and symbolization announced; prior notes remain legal tender.
Banknote issuance of a fifty rupee denomination variant incorporating the rupee symbol on both faces and an inset letter "L" in each numbering panel is announced, adopting the Mahatma Gandhi Series 2005 design family and bearing the Governor's signature and the year of printing on the reverse. All previously issued fifty rupee banknotes in the denomination continue to constitute legal tender.

Reference rate update influences cross currency rupee rates, sets SDR rupee conversion basis, and affects GBP and JPY derived quotes.
Reference Rate for the US dollar and Euro are published for April 21, 2014, establishing official rupee valuations and serving as the basis for deriving cross currency quotations; derived rupee rates for GBP and JPY are provided and the SDR Rupee rate is stated to be based on this published reference rate.

Voluntary retirement enables senior central banker to assume CAFRAL directorship, transitioning from RBI executive leadership.
An Executive Director of the Reserve Bank voluntarily retired effective April 20, 2014 to assume the directorship of CAFRAL from April 21, 2014, transitioning from a senior RBI executive role to institutional leadership at CAFRAL.

Reference rate updates set exchange benchmarks and determine SDR rupee valuation, including derived pound and yen rates.
The notice reports the Reserve Bank of India's Reference Rate for the US dollar and Euro on April 17, 2014, compares those rates with April 16, 2014, and gives derived exchange rates for the pound sterling and Japanese yen against the rupee based on the US dollar reference rate and cross currency middle rates; it further states that the SDR Rupee rate will be based on the reference rate.

Reference rates determine daily exchange benchmarks, inform cross currency conversions and underpin SDR rupee valuation.
Announcement of daily Reference Rates publishes the US dollar and Euro benchmarks and the previous day's rates; derived cross currency exchange rates for pound sterling and Japanese yen are computed from the US dollar Reference Rate using middle cross currency quotes; the SDR rupee rate is stated to be based on the Reference Rate.

Government securities auction: uniform-price re-issue with non-competitive allotment and mandatory electronic bidding through the E Kuber system.
Re-issue auctions of multiple Government of India stocks will be conducted by the RBI in Mumbai on April 17, 2014 using the uniform price auction method. Up to 5% of each issue is earmarked for eligible participants under the Non-Competitive Bidding Facility. Both competitive and non-competitive bids must be submitted electronically via the E-Kuber system within prescribed time windows. Auction results will be announced on the auction date and payment by successful bidders is set for the notified settlement date. The stocks qualify for When Issued trading under existing RBI guidelines.

Reference rate publication: central bank set rupee reference rates for principal currencies and mandated SDR rupee linkage.
The central bank announced the reference rates for the US dollar and the Euro and, using those rates with middle cross currency quotations, published rupee conversion rates for the British pound and Japanese yen; it further stated that the SDR Rupee rate will be based on the published reference rate.

Issuance of banknotes: new notes in specified denomination with inset letter E issued; existing notes remain legal tender.
Issuance of banknotes in a specified denomination with the currency symbol on obverse and reverse, inset letter 'E' in numbering panels, the issue authority's signature and year of printing on the reverse; design conforms to existing series and all previously issued notes of the same denomination continue to be legal tender.

Issue of banknotes with inset letter E and matching series design, maintaining existing notes' legal tender status.
Issuance of banknotes in a specified denomination bearing the currency symbol and inset letter 'E' in both numbering panels, matching the Mahatma Gandhi Series-2005 design and bearing the Governor's signature and year of printing; all previously issued banknotes of the same denomination will continue to be legal tender.

Reference rate update sets rupee exchange benchmarks, fixing cross-currency GBP and JPY rates and SDR linkage.
The Reserve Bank of India published Reference Rates for the US dollar and the euro on April 11, 2014, compared them with the previous day's rates, and-using the dollar reference rate and cross-currency mid-market quotes-derived corresponding rupee rates for the British pound and the Japanese yen; the release states the SDR-rupee rate will be based on the published reference rate.