Reference rate: updated US dollar benchmark used to derive euro, pound and yen exchange rates against the rupee.
The Reserve Bank of India published the Reference Rate for the US Dollar and, using that rate together with middle rates of cross currency quotes, provided corresponding rupee exchange rates for the euro, pound sterling and yen; the release compares the current quotation with the previous day and states that the SDR Rupee rate will be based on the published reference rate.

Foreign direct investment: no prior central bank approval required, but mandatory reporting and route specific compliance apply.
An Indian company receiving foreign direct investment is not required to obtain prior Reserve Bank approval; instead there is a mandatory reporting requirement for capital inflows and subsequent share issuance in prescribed formats under the Regulations. FDI may be routed either through an automatic route with no prior approval or through an approval route requiring prior government consent, and investments under both routes remain subject to the applicable FDI policy and regulatory conditions.

Reference rate publication determines official daily exchange rates and underpins cross-currency and SDR Rupee conversions.
The Reserve Bank of India issues an official daily reference rate for the US dollar which anchors derived rupee exchange rates for euro, pound sterling and yen using middle cross currency quotes; the RBI's published reference rate is the designated basis for determining the SDR Rupee rate for official conversions.

Extension of project completion date enables completion of national automotive testing and R&D infrastructure objectives.
Extension of completion date of the National Automotive Testing and R&D Infrastructure Project (NATRiP) by three years was approved to allow the project to meet its objectives of delivering state of the art automotive testing, homologation and R&D facilities. The project includes testing and homologation centres at Manesar and near Chennai, upgrades at ARAI Pune and VRDE Ahmednagar, development of proving grounds with climatic pads determined with international technical assistance, a national tractor and off road vehicle testing centre with accident data analysis and training at Rae Bareilly, and a hill driving training and regional in use vehicle management centre at Dholchora (Silchar).

FDI policy now treats non repatriable NRI investments under Schedule 4 of FEMA as domestic investments.
The amendment redefines Non-Resident Indian (NRI) to include OCI cardholders and deemed PIO cardholders, and provides that NRI investments under Schedule 4 of FEMA made on a non repatriable basis shall be deemed domestic investment, not treated as foreign investment for FDI policy purposes, thereby allowing NRIs, OCI and PIO cardholders to invest across sectors without conditions applicable to foreign investment.

Reference exchange rate for the US dollar published; governs rupee conversions for cross currencies and SDR valuation.
Reserve Bank of India published the daily reference exchange rate for the US dollar and, using middle cross currency quotes, provided corresponding rupee rates for the euro, pound sterling and Japanese yen; the SDR-rupee rate is to be based on the published reference rate.

Reference rate update: rupee exchange rates for major currencies adjusted; SDR rupee rate set to follow the reference rate.
The Reserve Bank of India published its US dollar reference rate and the previous day figure, and provided rupee exchange rates for the euro, pound sterling and Japanese yen derived from that reference rate and cross currency middle rates; it also states that the SDR Rupee rate will be based on the reference rate.

Auction of Government Securities using multiple price method with electronic competitive and limited non-competitive bidding.
Central Government stocks will be sold by auction using the multiple price method through electronic submission on the RBI E-Kuber system, accepting competitive and non-competitive bids within prescribed time windows; up to five percent of each issue is reserved for eligible participants under the Scheme for Non-Competitive Bidding Facility, results and settlement will follow announced timelines, and the stocks will be eligible for When Issued trading under RBI guidelines.

Reference rate for US dollar published, producing updated euro, sterling and yen rupee rates and linking SDR rupee rate.
The Reserve Bank published the Reference Rate for the US dollar and corresponding rupee quotations for euro, pound sterling and yen, derived from the US dollar reference and middle cross-currency rates; it also states the SDR-Rupee rate will be based on that reference rate.

Reference rate for US dollar determines exchange rates for other currencies and SDR rupee valuation.
The central bank publishes a Reference Rate for the US dollar that serves as the benchmark for deriving Rupee exchange rates; cross-currency middle rates are applied with that reference to produce Euro, Pound Sterling and Japanese Yen rates against the Rupee. The SDR-Rupee rate is likewise determined based on the same Reference Rate framework.

Single demat account and uniform KYC norms to be expedited, with common account aggregation and regulator coordination.
Expedite implementation of Single Demat Account and Uniform KYC norms, and establish a regulatory framework and common account aggregation facility to consolidate individuals' financial asset information; monitor regulator progress via an MIS portal and advance institutional reforms including a Resolution Corporation, Public Debt Management Agency, Financial Data Management Centre and Financial Sector Appellate Tribunal, while reviewing macroeconomic vulnerabilities, corporate bond market development and measures for timely detection of bank frauds.

Official development assistance reinforces bilateral infrastructure cooperation, enabling transmission system upgrades under a JICA loan commitment.
Japan committed an Official Development Assistance (ODA) loan through JICA for the Odisha Transmission System Improvement Project by Exchange of Notes between the Government of India and the Japanese Ambassador, specifying Yen 21.787 billion (approximately Rs.1165 crore) to finance transmission infrastructure upgrades and reflecting continued bilateral development cooperation and strategic partnership.

Reference rate for US dollar set by central bank; cross currency exchange rates and SDR Rupee linkage announced.
The Reserve Bank announced the reference rate for the US dollar and, using the dollar reference and middle cross currency quotes, published rupee exchange rates for the euro, pound sterling and Japanese yen; it further stated that the SDR Rupee rate will be based on that reference rate.

Reference exchange rate publication: RBI's US dollar reference rate sets derived rupee rates for EUR, GBP and JPY.
The Reserve Bank of India publishes an official Reference Rate for the US dollar and, using that rate together with middle rates of cross currency quotes, announces corresponding rupee exchange rates for euro, pound sterling and Japanese yen; the SDR Rupee rate is stated to be based on the published reference rate.

Reference rate for US Dollar updated; corresponding Rupee exchange rates for major currencies published and SDR Rupee linked to it.
The Reserve Bank of India updates the Reference Rate for the US Dollar and, using that rate with cross currency middle rates, publishes Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen, and states that the SDR Rupee rate will be based on the announced reference rate.

Reference rate for US dollar updated by central bank; cross currency exchange rates and SDR rupee linkage follow accordingly.
The Reserve Bank published an updated reference rate for the US dollar, provided derived rupee rates for the euro, pound sterling and Japanese yen based on middle cross currency quotes, and stated that the SDR rupee rate will be based on the published reference rate.

Auction of Government securities via price-based multiple-price sale with reserved non-competitive allotment and electronic bidding.
Re-issue auctions of four Government stocks will be conducted by price-based, multiple-price auction with up to five percent of each notified amount reserved under the Scheme for Non-Competitive Bidding Facility; bids are to be submitted electronically on the central banking system within prescribed morning windows for non-competitive and competitive bids, with results and payment/settlement on specified subsequent dates, and the stocks eligible for When Issued trading under central bank guidelines.

Reference rate for US dollar set and used to derive other currency exchange rates; SDR Rupee based on that reference.
The central bank publishes an official reference rate for the US dollar and derives exchange rates for other currencies using the middle rates of cross currency quotes; the SDR Rupee rate is stated to be based on that published reference rate, and the release provides reference figures for successive dates to serve as an authoritative market reference.

Real Estate Investment Trusts allowed under FEMA enable foreign investment into completed rent-yielding property via SEBI-regulated structures.
Introduction of Real Estate Investment Trusts (REITs) as eligible under the Foreign Exchange Management Act (FEMA) allows SEBI-registered REITs to accept foreign investment into completed, rent-yielding real estate projects previously prohibited by FEMA, thereby enabling these structures to mobilize long-term foreign and domestic finance, including from non-resident investors, and to provide an alternate equity funding route that reduces reliance on bank financing.

Reference rate for US dollar updated, affecting cross-currency exchange rates and SDR rupee conversion in currency markets today.
Reserve Bank of India established the Reference Rate for the US dollar at Rs. 63.8800 on May 7, 2015 and, using that reference and middle cross currency rates, published rupee exchange rates for the euro, pound sterling and Japanese yen; the SDR-rupee rate is to be based on the reference rate.