Treasury bill auction schedule announced for the quarter, with notified issuance and flexibility to modify auctions as needed.
Notification establishes the Treasury Bill auction schedule for the quarter ending December 2017, specifying recurring auction dates and notified issuance across 91 day, 182 day and 364 day tenors with quarter totals. It preserves the Government of India and Reserve Bank of India's flexibility to modify notified amounts and timing based on cash requirements, market conditions or intervening holidays, with changes to be announced via press releases, and states that auctions are subject to the terms of the cited General Notification.

Issuance calendar for government dated securities ensures scheduled auctions, retail non-competitive reservation and flexibility to modify issuance terms.
The calendar sets a weekly auction programme for marketable Government dated securities for October 2017-March 2018, allocating notified amounts across defined maturity buckets and aggregating a total for the period. All auctions include a non-competitive bidding scheme reserving five per cent of each notified amount for specified retail investors. The Government and the Reserve Bank retain flexibility to modify amounts, timing, maturities and instrument types, and may exercise a green-shoe option within notified amounts as indicated in auction notifications.

Reference rate for US dollar sets daily rupee exchange benchmarks and determines SDR rupee valuation and cross currency rates.
The Reserve Bank published the daily Reference Rate for the US dollar as the operative benchmark for rupee exchange quotations; using that reference and middle cross currency quotes the Bank derived rupee rates for major foreign currencies, and stated that the SDR Rupee rate will be based on the published reference rate.

Monetary policy status quo likely as growth weakness, mild inflation and external risks constrain further rate easing.
RBI is expected to keep the policy rate unchanged because low growth, mild inflation and global uncertainties limit scope for further easing under flexible inflation targeting. External vulnerabilities-notably elevated external debt and capital flow volatility-are adding exchange rate pressure, while financialisation of savings after demonetisation has raised banks' cost of funds and complicated the transmission of rate cuts to lending rates.

Reference exchange rate published: central bank's USD rate used to derive Euro, Pound and Yen rupee rates.
The central bank published the reference rate for the US Dollar and compared it with the previous day; using that USD reference rate and the middle rates of cross currency quotes, it provided rupee exchange rates for the Euro, Pound Sterling and Japanese Yen and specified that the SDR Rupee rate will be based on this reference rate.

Reference rate publication: US Dollar benchmark determines rupee exchange quotations and the SDR rupee conversion basis.
Publication of a daily reference rate for the US Dollar establishes the benchmark for deriving rupee exchange rates for other currencies using the middle rates of cross currency quotes; the notice also specifies that the SDR Rupee rate will be based on that reference rate.

Government securities auction procedure: multiple-price re-issues offered with competitive and non-competitive bidding via electronic platform.
The Government announced re-issues of four central government securities through price-based auctions using the multiple price method, conducted by the Reserve Bank of India. Auctions permit competitive and non-competitive bids, with up to five percent of each issue reserved for eligible individuals and institutions under the non-competitive bidding scheme. All bids must be submitted electronically on the RBI's Core Banking Solution (E-Kuber), with prescribed submission windows, announced result and payment dates, and stocks eligible for When Issued trading under RBI guidelines.

Reference rate for US Dollar published, establishing rupee cross rates for euro, pound sterling, yen and SDR.
The Reserve Bank of India published the Reference Rate for the US Dollar for September 25, 2017 and comparative prior day data, and, using middle cross currency quotes, provided derived rupee exchange rates for the euro, pound sterling and Japanese yen; it also states that the SDR Rupee rate will be based on that reference rate.

Reference rate for the US dollar updated, with cross currency rupee rates adjusted and SDR rupee linked to that reference.
The Reserve Bank of India published the reference rate for the US dollar and, using the middle rates of cross currency quotes, supplied rupee exchange rates for the euro, pound sterling and the yen; it further states that the SDR Rupee rate will be based on that reference rate.

Reference rate determination sets daily US dollar benchmark and links SDR Rupee valuation to cross currency rupee rates.
The Reserve Bank of India established a daily Reference Rate for the US dollar, publishing the benchmark rupee value and the preceding day's figure, and, using that benchmark with cross-currency middle rates, derived rupee exchange rates for the euro, pound sterling and the yen; the release specifies that the SDR-Rupee rate will be based on the published reference rate.

Extension of scheme period for Special Industry Initiative for J&K approved to continue training and placement activities.
Approval extends the Special Industry Initiative for J&K (UDAAN) period without modification or cost escalation, allowing the Ministry to continue programme arrangements with NSDC and corporate partners to sustain recruitment, training and job-offer activities for J&K youth, preserving existing financial and structural terms.

Reference rate publication sets US dollar benchmark and informs cross currency rupee rates and SDR rupee linkage.
Publication of the reference rate for the US dollar establishes the official INR benchmark and, using that rate together with middle cross currency quotes, provides the corresponding exchange rates for euro, pound sterling and Japanese yen; the SDR Rupee rate is specified to be based on that published reference rate.

Reference exchange rate published by RBI sets US dollar parity and determines SDR rupee linkage and derived cross currency rates.
The Reserve Bank published the reference exchange rate for the US dollar for 19 September 2017, set the prior day's rate for comparison, and-using that reference plus cross currency middle rates-supplied derived exchange rates for the euro, pound sterling and Japanese yen; it also stated that the SDR Rupee rate will be based on the published reference rate.

Government securities auction: multiple-price re-issue with non-competitive allocation cap and electronic bidding timetable and payment settlement instructions.
Sale (re-issue) of multiple Government Stocks will be conducted by the central bank in Mumbai using the multiple price method; four lines are offered in notified nominal amounts. Up to five percent of each notified amount is reserved under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically via the Core Banking Solution (E-Kuber) within prescribed windows. Auction results and payment/settlement dates are set out in the auction timetable. Stocks will be eligible for "When Issued" trading in accordance with existing central bank guidelines.

Reference rate publication sets rupee exchange rates and links the SDR Rupee rate to the stated reference.
Publication of the Reference Rate sets the official rupee exchange rates: the release states the US dollar reference rate, provides rupee rates for euro, pound sterling and yen derived from cross currency middle rates, notes the prior reference for comparison, and specifies that the SDR Rupee rate will be based on the stated reference rate.

Reference rate determination for US dollar establishes cross currency exchange rates and sets the SDR rupee linkage policy.
The Reserve Bank of India published the reference rate for the US dollar and the immediately preceding rate; these reference rates serve as the basis for deriving official rupee exchange rates for other currencies using middle cross currency quotes, and the SDR rupee rate is to be based on the published reference rate.

Reference Rate publication sets the US dollar benchmark and drives derived rupee exchange rates and SDR conversions.
The Reserve Bank of India publishes a daily Reference Rate for the US Dollar and uses middle rates of cross currency quotes to derive rupee exchange rates for the euro, pound sterling and yen; the SDR Rupee rate is specified to be based on that published reference rate.

Financial inclusion expansion through PMJDY and Aadhaar-enabled transfers increases account activation and digital payments.
Financial inclusion advanced via widespread PMJDY account openings, reduction of zero-balance accounts, issuance of RuPay cards and small overdraft facilities to operationalise accounts and route subsidies. Complementary insurance enrolments and Aadhaar-enabled targeting are described as improving subsidy delivery and reducing dormant accounts by enabling direct credit of government support. Demonetisation is said to have promoted digital payments, formalisation of the economy and a broader tax base.

Reference Rate published for US Dollar, with corresponding EUR/GBP/JPY rupee conversions and SDR rupee linkage noted.
Publication of the official Reference Rate for the US Dollar sets the benchmark rupee value for that date and, using middle cross currency quotes, provides rupee exchange rates for the euro, pound sterling and Japanese yen; the release notes the prior day's reference rate for comparison and states that the SDR Rupee rate will be based on the published reference rate.

Reference rate for the US dollar sets the benchmark for Rupee cross currency exchange rates and the SDR Rupee basis.
Publication of the Reference Rate for the US dollar and its prior-day comparator, which forms the basis for deriving Rupee exchange rates against the euro, pound sterling and Japanese yen using middle cross currency rates; the SDR Rupee rate is stated to be determined on the basis of the published reference rate.