Crude oil price decline for the Indian Basket reduces the rupee-denominated benchmark and reflects exchange-rate impact.
International crude oil price for the Indian Basket decreased to US$ 108.03 per barrel on 26 September 2012, with the rupee-denominated price falling to Rs 5,788.25 per barrel and the rupee-dollar exchange rate at Rs 53.58 per US dollar; the release compares these figures with the previous trading day and provides fortnightly averages to show short-term movements.

International crude oil price decrease reported by PPAC, reflecting lower dollar price and rupee exchange rate movement.
Publication by the Petroleum Planning and Analysis Cell (PPAC) reporting a decrease in the International Crude Oil Price (Indian Basket) on 24 September 2012, with a lower dollar-denominated benchmark and a corresponding decline in the rupee-denominated price attributable to rupee-dollar exchange rate movement, accompanied by comparative figures for the previous trading day and the preceding fortnight.

Foreign exchange turnover data released showing merchant and inter bank transactions across spot, forward and swap instruments.
The Reserve Bank of India released provisional daily foreign exchange turnover data for September 3-7, 2012 showing merchant and inter bank transactions in US dollar millions across spot, forward and swap instruments and by currency pairings (FCY/INR and FCY/FCY), with breakdowns for purchases, sales and forward cancellations.

Reference exchange rate publication - RBI sets USD and Euro benchmarks, with cross-currency rates determining GBP and JPY values.
Reserve Bank of India publishes daily Reference Rate benchmarks for major currencies, stating US dollar and Euro reference rates for the date and providing derived exchange rates for other currencies using middle cross-currency quotations; the SDR-Rupee rate is to be calculated on the basis of the published reference rate.

Bank licence cancellation restricts the institution from banking activities and initiates liquidation with deposit insurance cover.
The Reserve Bank cancelled the licence of Rajiv Gandhi Sahakari Bank Ltd., Latur after successive statutory inspections revealed negative net worth, negative CRAR, sharply increased gross and net NPAs, accumulated losses and deposit erosion. Prior measures included directions prohibiting fresh deposits and lending, supersession of the board, directions under Section 35A and a Show Cause Notice; the bank's reply and lack of revival proposals were unsatisfactory. Consequent liquidation proceedings will enable insured depositor reimbursement under the DICGC scheme and the bank is prohibited from carrying on banking under Section 5(b).

Foreign Exchange Turnover reports daily merchant and inter bank spot, forward and swap transaction composition and volumes.
Release of daily foreign exchange turnover data for August 27-31, 2012 reporting merchant and inter bank spot, forward, forward cancel and swap transactions for FCY/INR and FCY/FCY, presented as purchase and sales aggregates in US dollars and designated provisional market reporting.

Reference rate determination guides currency conversion; RBI fixes US dollar and euro reference rates affecting cross currency quotes.
Reserve Bank of India fixed reference rates for the US dollar and the euro for a specified date and published previous day comparators; these reference rates underpin calculation of cross currency exchange rates (shown for the pound sterling and the yen) using middle rates of cross currency quotes, and the SDR Rupee rate is stated to be based on the announced reference rate.

Legal compliance manual establishes a centralized reference to improve corporate adherence to laws and governance practices.
Launch of a Legal Compliance Manual provides a centralized, state and business area organized reference to advance corporate adherence to Central and State laws and strengthen corporate governance. Jointly developed by a government institute and a private multinational, the manual targets key compliance impediments-noncompliance risk, lack of legal knowledge, weak monitoring systems, and compliance perceptions-and will be publicly available on the institute's website as a practical implementation tool.

FDI policy: expanded automatic route and investor facilitation to attract and streamline foreign investment inflows.
The Government reports detailed FDI inflows for April 2009-March 2012 with sector-wise and country-wise breakdowns, highlights liberalisation of the FDI policy permitting up to 100% under the automatic route in most sectors, and describes investor-promotion and single-window facilitation measures to attract foreign investment. No targets were fixed for inflows and the Department of Industrial Policy & Promotion maintains the inflow data as reported by the Reserve Bank of India.