Reference rate for US Dollar anchors derived rupee exchange quotations for euro, pound and yen; SDR rupee tied to that reference.
The Reserve Bank of India published the Reference Rate for the US Dollar and the prior day's rate; it then derived rupee exchange rates for the euro, pound sterling and Japanese yen using the dollar reference rate together with the middle rates of cross currency quotations, and stated that the SDR Rupee rate will be based on the reference rate.

Customer service standards: strengthen Codes, grievance redressal, and cybersecurity to reduce bank customer complaints and liabilities.
Banks must strengthen customer service frameworks as complaints and average compliance with BCSBI Codes persist. Key actions include updating Codes to reflect the Charter of Customer Rights, treating Business Correspondents with clear bank ownership and grievance mechanisms, incorporating MSME revival and lifecycle financing commitments, enhancing the seniority and preventive role of PCCOs, empowering and assessing IBOs, adopting technology for complaint aggregation and root-cause analysis, tightening IT security and operating procedures, and addressing passbook narration, KYC, senior citizen safeguards, cheque security, and timelines for credit decisions.

Reference rate for US dollar published; derived euro, pound and yen exchange rates given and SDR linkage confirmed.
Publication of the Reference Rate for the US Dollar and, using that rate with middle rates of 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 determined on the basis of the published reference rate.

Government securities auction: re-issue of dated stocks via multiple-price auctions with competitive and non-competitive bidding.
Re-issue auctions for multiple dated government stocks will be conducted by the Reserve Bank using the multiple price method; competitive and non-competitive bids must be submitted electronically on the Core Banking Solution (E-Kuber) within prescribed windows, with up to a specified portion allotted under the Scheme for Non-Competitive Bidding Facility, auction results announced on the auction date and payment on the designated settlement date, and the stocks eligible for When Issued trading under existing guidelines.

Reference rate for foreign exchange sets US dollar and cross currency rupee benchmarks and determines SDR rupee conversion.
Publication of a central bank reference rate for the US Dollar and derived rupee rates for euro, pound sterling and yen using middle cross currency quotes; the SDR Rupee rate is to be based on the published reference rate, rendering these figures the operative exchange benchmarks for the stated date.

Reference exchange rates published: US dollar reference rate and derived euro, pound and yen rupee rates under RBI framework.
The Reserve Bank of India published the US dollar reference rate as Rs. 64.5945 on May 26, 2017, with the prior day at Rs. 64.5088, and, using that reference and cross currency middle rates, supplied rupee exchange rates for the euro, pound sterling and Japanese yen for May 25 and May 26, 2017; the SDR rupee rate is to be based on the reference rate.

Atal Pension Yojana reaches 53 lakh subscribers; guaranteed monthly pensions of Rs.1000-5000 for contributing adults.
Atal Pension Yojana is available to citizens aged 18-40 and provides a guaranteed pension of Rs. 1,000-5,000 per month from age 60; the pension is payable to the spouse and, after the deaths of both, the accumulated pension wealth is returned to the nominee. Contributions follow the Central Government NPS investment pattern and the scheme reported a 13.91% return in 2016-17. Subscriber services include ePRAN and transaction statements and online grievance registration.

Reference exchange rate guidance sets operative Rupee rates for USD, euro, pound and yen, affecting SDR conversion.
The Reserve Bank of India published the reference exchange rate for the US dollar, compared it with the previous day's rate, and supplied derived exchange rates for the euro, pound sterling and Japanese yen against the Rupee based on cross-currency middle rates. The release states that the SDR-Rupee rate will be based on the published reference rate, making the RBI figure the operative benchmark for SDR conversion.

Financial inclusion schemes expand access to accounts, pensions, insurance, credit and payments infrastructure for underserved groups.
Department of Financial Services expands Financial Inclusion and Social Security via major schemes: PMJDY (28.23 crore accounts, Rs. 63,971 crore deposits, 22.14 crore RuPay cards, increased Bank Mitra transactions); PMJJBY (~3.1 crore enrollments, 63,291 claims registered, 59,770 disbursed); PMSBY (~10 crore enrollments, 12,816 claims registered, 9,646 disbursed); APY (48.54 lakh subscribers, Rs. 1,756.48 crore corpus); PMMY (sanctions ~Rs. 1,80,528 crore, ~4 crore borrowers with high female and disadvantaged share); Stand Up India and targeted pension, venture capital, guarantee and financial literacy and PoS infrastructure measures.

Reference Rate for the US Dollar guides rupee cross currency exchange rates and determines the SDR rupee conversion base.
The Reserve Bank of India announces the daily Reference Rate for the US Dollar and, using that rate with middle cross currency quotes, publishes derived rupee rates for Euro, Pound Sterling and Yen; it further states the SDR Rupee rate will be based on this reference rate series, establishing the rate as the benchmark for cross currency and SDR conversions.

Reference rate for US dollar published; euro, pound and yen rupee rates provided and SDR Rupee basis specified.
Publication of the reference rate for the US dollar and dissemination of rupee exchange rates for euro, pound sterling and yen derived from that reference and cross currency middle rates; the SDR Rupee rate is stated to be based on the published reference rate.

Government securities auction using multiple price method with non-competitive allocation and electronic bidding via core banking system.
Reissue of central government marketable securities will occur through price-based auctions using the multiple price method, administered on the central bank's electronic core banking platform. Distinct submission windows are specified for non-competitive and competitive bids, with up to five percent of each issue reserved under the Non-Competitive Bidding Facility. Auction results will be announced on the auction date and payment by successful bidders will follow on the scheduled settlement date. The stocks are eligible for When Issued trading under existing central bank guidelines.

Reference rate for the US dollar updated by RBI, with corresponding euro, pound and yen cross rates and SDR linkage.
The Reserve Bank of India published the Reference Rate for the US dollar as the operative daily benchmark and noted the prior day's rate for comparison. Using that reference rate and middle rates of cross currency quotations, the release provides corresponding Rupee exchange rates for the euro, pound sterling and Japanese yen and states that the SDR Rupee rate will be based on the published reference rate.

Foreign direct investment liberalisation expands the automatic route and sectoral caps, facilitating increased investor access and domestic production.
Government FDI reforms (2014-2017) liberalised multiple sectors, shifted many activities to the automatic route, raised investment caps, introduced composite caps and raised approval thresholds. A specific condition permits 100% FDI in retail trading of food products only if products are manufactured and/or produced domestically. In the financial sector, activities regulated by a financial sector regulator qualify for 100% FDI under the automatic route; unregulated financial activities require approval. Annexed inflow data show sustained increases in FDI equity and total inflows following these measures.

Reference rate for US dollar updated; euro, pound and yen exchange rates against the rupee set accordingly.
Reserve Bank of India publishes an updated Reference Rate for the US dollar and, based on that rate and middle cross currency quotations, specifies corresponding euro, British pound and Japanese yen exchange rates against the rupee; the SDR Rupee rate will be derived from the stated reference rate.

Reference rate for US Dollar updates central bank exchange benchmarks and determines SDR Rupee conversion basis.
Publication of the Reference Rate for the US Dollar establishes the central bank benchmark for Rupee conversion and provides prior day comparison. The central bank derives exchange rates for Euro, Pound Sterling and Japanese Yen from this reference rate using cross currency middle rates, and specifies that the SDR Rupee rate will be based on the Reference Rate.

Reference rate for the US dollar shapes cross currency exchange rates and underpins the SDR rupee linkage.
The Reserve Bank of India published the Reference Rate for the US Dollar and the middle rate based exchange rates for Euro, Pound Sterling and Japanese Yen against the Rupee, and stated that the SDR Rupee rate will be based on the published reference rate.

Reference rate for US dollar updated; euro, pound and yen exchange rates against rupee adjusted accordingly.
Reserve Bank of India published an updated reference rate for the US dollar and provided corresponding rupee exchange rates for euro, pound sterling and yen derived from that reference and middle cross-currency quotes; the SDR rupee rate will be computed on the basis of the published reference rate.

Reference exchange rate published for the US dollar, used to derive cross currency and SDR Rupee rates.
The monetary authority published the official reference rate for the US dollar on May 15, 2017 and provided corresponding previous day data. It used that US dollar reference rate and middle rates of cross currency quotes to derive exchange rates for the euro, pound sterling and Japanese yen against the rupee. The release specifies that the SDR Rupee rate will be based on the published reference rate and is issued as an official press release to set the benchmark for currency conversion and reporting.

Goods and services tax implementation reshapes fiscal federalism and state finances, requiring dispute resolution and IT infrastructure.
Implementation of the Goods and Services Tax will affect growth, inflation, government finances and competitiveness and is expected to reshape fiscal relations by promoting cooperative federalism. Successful implementation depends on a robust dispute resolution mechanism, reliable IT infrastructure via the GSTN, greater devolution through statutory transfers to preserve state expenditure flexibility, and attention to medium term state debt sustainability.