Monetary policy review scheduled: central bank to announce fourth bi monthly policy decisions on September 29 at 11 am.
The Reserve Bank of India will announce the Fourth Bi monthly Monetary Policy Review, 2015 16 on Tuesday, 29 September 2015 at 11:00 a.m.; the press release serves as official notice of the scheduled central bank policy announcement.

Reference rate for US dollar published; derived euro, pound and yen rupee exchange rates and SDR linkage.
Publication of the Reference Rate for the US dollar by the Reserve Bank of India with the prior day's benchmark; derived Rupee exchange rates for euro, pound sterling and the Japanese yen are provided using cross currency middle rates, and the SDR Rupee rate is stated to be based on the Reference Rate.

Reference rate established for US dollar; it governs cross currency rupee exchange rates and SDR Rupee conversion methodology.
The Reserve Bank of India sets a Reference Rate for the US Dollar that acts as the benchmark for calculating rupee exchange values of other currencies; using that Reference Rate and middle rates of cross currency quotes, the rupee exchange rates for the Euro, Pound Sterling and Japanese Yen are determined, and the SDR Rupee rate will be based on this Reference Rate.

Reference rate for US Dollar set by central bank guides rupee exchange rates, affecting euro, pound and yen conversions.
The Reserve Bank published the Reference Rate for the US Dollar, compared it with the prior day's figure, and provided rupee exchange rates for Euro, Pound Sterling and Japanese Yen derived from that reference and cross currency middle rates; it also stated that the SDR Rupee rate will be based on the announced reference rate.

Government securities auction: re-issue offered via multiple-price bidding with non-competitive allocation and electronic bid timings.
The Reserve Bank will conduct price-based re-issue auctions of multiple government stocks using the multiple price method through its E-Kuber system; up to five percent of each issue is reserved for eligible non-competitive bidders, with separate electronic submission windows for non-competitive and competitive bids, fixed announcement and payment timelines, and eligibility for when-issued trading under RBI guidelines.

Reference Rate update: RBI's reference rate for the US dollar revised, affecting rupee exchange rates for major currencies.
The Reserve Bank of India published the Reference Rate for the US dollar and provided derived rupee exchange rates for the euro, pound sterling and yen based on cross-currency middle rates; it also specified that the SDR Rupee rate will be based on the published reference rate, establishing the RBI's benchmark for rupee valuation and related reporting.

MUDRA loan camps expand microcredit access with emphasis on Shishu loans and lending priority for SC/ST enterprises.
Organisation of nationwide Mega credit camps for Pradhan Mantri MUDRA Yojana seeks to maximise borrower access and disbursement across three loan bands-Shishu, Kishore and Tarun-with operational emphasis on small ticket Shishu loans. Banks have an allocated overall disbursement target for MUDRA lending, are conducting awareness outreach, and are to give lending priority to enterprises owned by SC/ST communities, building on the institutional framework of Micro Units Development and Refinance Agency and PMMY.

Reference rate for US dollar updated; consequential euro, pound and yen exchange rates against the rupee and SDR link.
Reserve Bank of India published the reference rate for the US dollar and, using that rate with middle cross currency quotes, supplied rupee exchange rates for the euro, pound sterling and Japanese yen. The announcement records the change from the prior day and specifies that the SDR rupee rate will be based on the published reference rate, establishing the reference rate as the basis for SDR valuation and cross currency conversions.

Reference rate for US Dollar published, establishing rupee exchange rates for euro, pound and yen and SDR conversion basis.
The Reserve Bank of India published the US Dollar reference rate and the previous day's rate, and-using that reference together with middle cross currency quotes-reported the rupee exchange rates for the euro, pound sterling and yen; the SDR-rupee conversion is to be based on the published reference rate.

Reference rate announcement sets official dollar benchmark, informing cross-currency rupee rates and SDR-Rupee valuation basis.
The Reserve Bank of India published the official reference rate for the US Dollar for August 19, 2015, establishing the benchmark rupee-dollar exchange level and noting the immediately prior reference rate for comparison. Using that dollar reference and the middle points of cross currency quotes, the Bank computed corresponding rupee exchange rates for the euro, pound sterling and Japanese yen. The release further specifies that the SDR Rupee rate will be determined on the basis of the published reference rate.

Reference rate for the US Dollar set, then used to derive rupee cross currency rates and determine the SDR rupee conversion.
The US Dollar reference rate published for 17 August 2015 functions as the base benchmark for deriving rupee bilateral exchange rates using middle cross currency quotes; published rupee rates for the euro, pound sterling and yen are reported for comparative dates, and the SDR Rupee rate is specified to be based on that reference.

Reference rate publication: central bank issues daily dollar reference and cross-currency exchange rates, with SDR rupee linkage clarified.
Publication of a daily reference rate for the US dollar establishes the official rupee quotation and serves as the basis for deriving other currency rates. Using the dollar reference together with middle cross-currency quotes, the central bank provided corresponding exchange rates for the euro, pound and yen, and specified that the SDR rupee rate will be computed on the basis of the published reference rate.

Reference exchange rate: RBI's daily reference rate determines cross currency rupee rates and SDR rupee linkage policy.
The Reserve Bank of India publishes a daily reference rate for the US dollar which is used, via cross currency middle rates, to derive rupee exchange rates for other currencies; the SDR rupee rate is calculated on the basis of that published reference rate.

FDI policy liberalisation expands sectoral foreign investment access and streamlines approval thresholds to boost manufacturing growth.
The Central Statistics Office now reports sector shares as Gross Value Added at basic prices and the Government has implemented administrative, regulatory and policy measures to boost manufacturing, including licensing deregulatory steps, amendments to FDI policy to broaden foreign investment access and approval thresholds, e governance simplification, development of industrial corridors, and investor facilitation under the "Make in India" programme.

Foreign direct investment policy relaxation expands automatic-route sectoral caps and introduces composite caps to attract investment.
Relaxation in sectoral caps under the Foreign Direct Investment policy expands automatic-route FDI access and introduces composite caps. Key reforms include 100% automatic-route FDI in many sectors and rail infrastructure, a 49% cap in defence and in insurance and pension sectors, a 100% carve out for certain medical devices activities, eased norms for construction development focused on affordable housing, and treatment of specified NRI investments under FEMA Schedule 4 as domestic investment.

Exchange rate reference updated: US dollar benchmark revised and euro, pound and yen rupee rates adjusted accordingly.
The Reserve Bank published the reference rate for the US dollar for 12 August 2015 and provided the prior day's figure; using that reference and middle cross currency quotes it published corresponding rupee rates for the euro, pound sterling and Japanese yen for 11-12 August 2015, and stated that the SDR Rupee rate will be based on the reference rate.

Reference rate for US dollar set; cross currency middle rates determine EUR, GBP and JPY exchange rates and SDR Rupee linkage.
The Reserve Bank established the Reference Rate for the US dollar on August 11, 2015; using that Reference Rate and cross currency middle rates, it published derived exchange rates for EUR, GBP and JPY against the rupee and specified that the SDR Rupee rate will be based on the Reference Rate.

Financial sector resilience: stronger bank capital, liquidity and audit practices to reduce systemic risk and support sustainable growth.
Systemic crises stem from concentrated bank exposures, excessive corporate leverage and weak capital buffers; global reforms therefore emphasise higher capital and liquidity standards, leverage constraints, enhanced loss-absorbing capacity, shadow-banking regulation and derivative market reforms. RBI has implemented prudential and macroprudential measures-higher risk weights, controls on unhedged forex exposure, early recognition and resolution frameworks for distressed assets, strategic debt conversion, enhanced fraud monitoring and reduced forbearance-while auditors and IFRS adoption pose critical challenges for transparency and prudent credit allocation.

Government securities auction: multiple-price re-issue with competitive and non-competitive bidding and E-Kuber electronic submission scheduled.
Re-issue auctions for four central government stocks will be conducted by the Reserve Bank of India using the multiple price method; both competitive and non-competitive bids are allowed, with up to five percent reserved under the Non-Competitive Bidding Facility. Bids must be submitted electronically via the RBI's E Kuber system within prescribed windows for non-competitive and competitive bids. Auction results, payment and settlement dates are specified, and the stocks are eligible for When Issued trading under RBI guidelines.

Reference rate for US Dollar set; determines exchange rates of euro, pound and yen against the rupee.
Reserve Bank of India published a reference rate for the US dollar and supplied corresponding rupee exchange rates for the euro, pound sterling and Japanese yen derived from middle rates of cross-currency quotes; the SDR Rupee rate is stated to be based on that published reference rate.