Reference rate update sets rupee exchange benchmarks and prescribes derivation of other currency rates from the dollar reference.
The Reserve Bank of India published Reference Rate determinations specifying the rupee benchmark rates for the US dollar and the euro, noted prior-day comparisons, and stated that rupee rates for other currencies are derived from the dollar reference and cross-currency middle rates; the SDR Rupee rate will be based on the published reference rate.

Growth strategies need stronger investment and infrastructure policies to unlock growth and improve assessment focus on outcomes.
Emphasizes that members' draft growth strategies are insufficient to meet the collective GDP ambition and that investment, particularly infrastructure, requires new policy actions and enhanced MDB and developed country intermediation of global capital flows; it outlines the Framework Working Group's peer review process, coordination with the Employment Task Force, expectations for revised submissions, and a call to reassess International Organizations' evaluation focus from prescribed thematic reforms toward adequacy of measures and actual growth output.

Reference Rate publication: central bank released US dollar and euro reference rates and derived cross currency exchange rates.
The central bank published the Reference Rate for the US dollar and the Euro for the reporting date, noted prior day comparators, provided derived rupee exchange rates for pound sterling and Japanese yen using cross currency middle rates, and stated that the SDR Rupee rate will be based on the published reference rate.

Issuance of long term secured debentures allowed for infrastructure finance and ID NBFCs, plus DRR relaxations for housing finance.
Permission allows Infrastructure Finance Companies and ID NBFCs to issue secured debentures up to thirty years; Rules have been amended and notified. Housing Finance Companies receive relaxed Debenture Redemption Reserve requirements aligned with RBI registered NBFC treatment. Independent valuation reports for preferential allotments may be prepared by a SEBI registered independent Merchant Banker or an independent practising Chartered Accountant with minimum ten years' experience.

Bank licence cancellation bars a cooperative bank from carrying on banking business, triggering DICGC insurance repayment.
Reserve Bank cancelled the licence of Shri Shivaji Sahakari Bank Ltd., effective from June 14, 2014, because the bank ceased to be solvent, revival efforts failed and depositors faced uncertainty. The cancellation withdraws authority to carry on banking business and triggers winding up and liquidation, enabling depositors to claim insured amounts under the Deposit Insurance scheme, subject to its terms and conditions.

Reference rate for foreign currencies set by central bank; cross-currency rates for pound and yen also published.
The central bank published the Reference Rate for the US dollar and the euro, provided the previous day's comparative rates, and gave rupee exchange rates for pound sterling and Japanese yen derived from the dollar reference and middle cross-currency quotes. It further states that the SDR rupee conversion will be based on the published Reference Rate.

Reference Rate publication: RBI's daily exchange rate benchmarks for major currencies and SDR conversion basis.
The Reserve Bank of India publishes daily Reference Rates for major currencies, providing the US dollar and euro benchmark rates for the stated date, comparing them with the prior business day, and deriving GBP and JPY exchange rates from cross currency middle rates. The release specifies that the SDR Rupee conversion rate will be based on the published Reference Rate, and functions as the operative public benchmark until updated by a subsequent RBI notice.

Shift of foreign exchange divisions moves three FED units to New Delhi regional office; stakeholders should use new contact.
Reserve Bank of India announced relocation of three Foreign Investment Division units-Liaison/Branch/Project Office Division, Non Resident Foreign Account Division, and Immovable Property Division-to the New Delhi Regional Office effective July 15, 2014. The new FED, CO Cell is located at 6 Parliament Street, New Delhi, will be headed by Shri P. Shimrah, General Manager, and stakeholders are to use the New Delhi office as the operative contact point while the divisions remain part of the Foreign Exchange Department, Central Office, Mumbai.

Banking licence cancellation: bank precluded from transacting banking business and accepting deposits under BR Act.
The Reserve Bank of India cancelled the licence of Shri Shivaji Sahakari Bank Ltd under Section 22 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies) read with Section 56 by order dated June 12, 2014, thereby precluding the bank forthwith from transacting the business of banking as defined in Section 5(b), including acceptance and repayment of deposits.

Reference rate publication clarifies exchange rate benchmarks and notes SDR Rupee linkage for currency quotations policy
The Reserve Bank of India issues official exchange benchmarks by publishing the Reference Rate for major currencies and, using those rates with middle cross-currency quotes, provides corresponding rupee exchange rates for other currencies; the statement records that the SDR Rupee rate is to be derived from the published reference rate, establishing the basis for SDR rupee conversions.

Regulatory oversight: calibrate judicial review to preserve regulator judgment while ensuring accountability and stability.
The text identifies two core tensions in the FSLRC proposals: excessive legal oversight that would subject regulatory judgment and policy to broad appellate review, risking paralysis and loss of regulatory efficacy; and uncertain regulatory reorganisation that mixes consolidation and fragmentation without empirical support, potentially harming synergies crucial for monetary policy, credit supervision, and market development. It urges calibrated checks (transparency, parliamentary reporting, limited appeals), strengthened inter-regulatory cooperation, preservation of regulator tools and competence, and incremental evidence-based reform rather than sweeping structural change.

Government securities auction: uniform price re-issue with reserved non-competitive allocation and electronic bidding timetable and settlement instructions.
Sale by re-issue of four central government stocks will be conducted by the Reserve Bank of India through a uniform price method auction with up to five percent reserved under the non-competitive bidding facility. Competitive and non-competitive bids must be submitted electronically on the Reserve Bank's platform within specified bid windows; auction results and payment schedule will follow. The stocks are eligible for "When Issued" trading under existing RBI guidelines.

Cancellation of NBFC registration halts company from conducting non-banking financial business under statutory RBI powers.
The Reserve Bank revoked the certificate of registration of M/s HCG Investment & Impex Ltd., prohibiting it from transacting the business of a non-banking financial institution; the cancellation rests on the Reserve Bank's power under Section 45-IA(6) of the Reserve Bank of India Act, 1934, and the business is defined by clause (a) of Section 45-I.

Reference rate publication sets exchange benchmarks for major currencies and determines the SDR Rupee conversion basis.
The Reserve Bank of India issued official Reference Rate benchmarks for the US dollar and the Euro on the specified date, noted prior-day rates, provided derived rupee exchange rates for the pound sterling and Japanese yen using cross currency middle rates, and stated that the SDR Rupee rate will be based on the published reference rate.

Banking restrictions under Section 35A: operations curtailed pending RBI approval; lending, investments and new deposits barred.
The Reserve Bank of India directed Indian Mercantile Co-operative Bank Ltd., Lucknow, that, without prior written RBI approval, the bank shall not grant or renew loans, make investments, incur liabilities including borrowing and accepting fresh deposits, disburse or agree to disburse payments, enter compromises, or dispose of properties, subject only to limited exceptions for minimal depositor withdrawals (adjustable against liabilities), renewal of existing term deposits in the same name and specified permitted expenditures.

Reference rate announcement sets interbank exchange benchmarks for dollar, euro and cross-currency rupee rates and establishes SDR rupee basis.
The Reserve Bank of India publishes Reference Rates for major currencies, fixes the dollar and euro Reference Rates, provides derived pound sterling and yen exchange rates against the rupee using cross-currency middle rates, and states that the SDR Rupee rate will be based on the published Reference Rate.

Reference Rate update sets rupee benchmarks for major currencies and supplies cross currency exchange rates for market use.
The Reserve Bank of India issued an official Reference Rate update for the US dollar and the euro, reported their movement from the prior business day, stated that the SDR rupee rate will be based on the reference rate, and provided cross currency derived exchange rates for the pound sterling and the Japanese yen for market reference.

Reference rate announcement: RBI sets official dollar and euro benchmarks, informing cross currency rupee quotations and SDR linkage.
The Reserve Bank of India published Reference Rates for the US dollar and the Euro, comparing them with the previous day's rates, and supplied derived rupee exchange rates for the pound sterling and the Japanese yen using the US dollar reference and cross currency middle rates; the release further states the SDR Rupee rate will be based on the published reference rate.

Financial stability: coordinated regulatory action urged to support macroeconomic consolidation and facilitate investment revival through budget inputs and reform proposals.
Emphasis on financial stability and a coordinated regulatory approach, with the Finance Minister urging alignment of regulators' policies, continued fiscal consolidation, and measures to improve the business climate and revive investment. Regulators presented recommendations for the forthcoming budget and proposed next-generation financial reforms, while noting macroeconomic improvements alongside persistent vulnerabilities requiring preparedness for external shocks.

Reference Rate announcement: RBI publishes exchange rates for major currencies including USD EUR GBP JPY and SDR Rupee basis.
The central bank announced the daily Reference Rates for the US dollar and the Euro with prior day comparisons; provided derived rupee exchange rates for the British pound and the Japanese yen based on the dollar Reference Rate and cross currency middle rates; and stated that the SDR Rupee rate will be based on the published Reference Rate.