Reference Rate publication updates exchange rate benchmarks for US dollar and euro, influencing derived cross currency rates.
Publication of the Reference Rate sets official rupee benchmarks for the US dollar and the euro, compares them with the prior business day, and, using the US dollar Reference Rate and middle cross currency rates, derives rupee cross rates for other currencies; the SDR Rupee rate is stated to be based on the Reference Rate.

Reference rate establishes daily rupee benchmarks for major currencies and underpins the SDR Rupee conversion.
The Reserve Bank of India published daily reference rates for the US dollar and the euro for June 6, 2014, compared them with the prior day, derived rupee exchange rates for the British pound and the Japanese yen using the US dollar reference and cross currency middle rates, and specified that the SDR Rupee conversion will be based on the reference rate framework.

Reference rate publication establishes official exchange benchmarks and directs cross-currency conversions, including use for SDR valuation.
Publication of official reference exchange rates establishes the Reserve Bank's benchmark rupee rates for major currencies and, using those rates with middle cross currency quotes, provides corresponding exchange rates for other currencies. The notice further confirms that the SDR Rupee rate is to be determined by reference to the published Reference Rate, making the published benchmark the operative conversion standard.

Term repo auction to provide short-term liquidity under revised guidelines; allotment at bidders' rates and subsequent reversal.
A special 28 day term repo auction will be conducted under revised operational guidelines as a variable rate facility for a notified amount; successful bidders will receive allotment at their respective bid rates and the accommodation will be reversed at the end of the term.

Reference exchange rate: daily publication of major currency rates with cross currency conversions and SDR Rupee linkage.
The Reserve Bank publishes daily reference exchange rates for major currencies, providing current and prior day values; cross currency middle rates are used to derive rates for additional currencies, and the SDR Rupee rate is to be based on the Reference Rate for operational SDR conversion and reporting.

SLR reduction and unchanged policy rates enable increased bank lending to private sector while balancing growth and inflation.
The Reserve Bank of India reduced the Statutory Liquidity Ratio while keeping policy rates unchanged, permitting banks to hold fewer government securities and thereby increase lending to the private sector; this calibrated approach aims to balance growth and inflation, support investment and employment, and is complemented by government emphasis on fiscal consolidation and supply side measures to address food inflation.

Cancellation of NBFC registration prevents companies from transacting non-banking financial business under statutory powers of regulator.
The Reserve Bank cancelled the certificates of registration of three non-banking financial companies under Section 45-IA(6) of the Reserve Bank of India Act, 1934, thereby prohibiting those companies from transacting the business of a non-banking financial institution; the notice names the affected companies and records that the statutory definition of such business is in clause (a) of Section 45-I of the Act.

Reference exchange rates guide rupee valuation; central bank published dollar and euro benchmarks and cross-currency derived rates.
Reserve Bank of India published reference exchange rates fixing rupee benchmarks for the US dollar and euro and disclosed the previous day's corresponding rates; using the dollar reference and middle cross currency quotes, the Bank derived rupee rates for pound sterling and yen, and stated that the SDR Rupee rate will be computed on the basis of the published reference rate.

Credit rating accountability must be strengthened to improve banks' asset quality and risk assessment practices.
Growing NPAs reflect both economic slowdown and failures in banks' credit appraisal, monitoring and recovery; banks must strengthen internal rating frameworks while using external credit ratings only as complementary inputs. SEBI regulation and RBI accreditation under the Basel framework govern CRAs, assessing Objectivity, Independence, Transparency, Disclosure, Resources and Credibility; RBI mandates a uniform definition of default for bank loan ratings and prescribes uniform risk-weight mappings. Accountability concerns-including conflicts under the issuer-pay model-require disclosure of fee arrangements and closer integration of CRA information with banks' internal models.

Reference rate publication sets exchange rates for US dollar and euro and defines derived cross-rates for sterling and yen.
Publication of reference rates for the US dollar and the euro, with previous-day comparators, and derived exchange rates for GBP and JPY calculated from the dollar reference and cross-currency middle rates; the SDR-rupee rate is to be based on the published reference rate.

International rupee liabilities of Indian banks surged in 2013, driven by FCNR(B) deposits and dollar funding increases.
RBI's 2013 International Banking Statistics show international liabilities of Indian resident banks rose sharply-35.8% y o y in December 2013-largely from FCNR(B) deposits and foreign currency borrowings; international assets also grew 23.4% y o y. The US dollar share of locational liabilities rose to 40.5%. Consolidated claims increased on both immediate and ultimate risk bases, with faster growth in non bank exposures and notable concentration towards USA, UK, UAE, Singapore, Germany and Hong Kong. Detailed LBS and CBS tables and maturity/sector breakdowns accompany the release, with methodological comparability notes.

Reference Rate publication updates exchange rates for major currencies against the rupee; conveys basis and related cross currency conversions.
The document announces publication of the Reference Rate for the US dollar and the Euro, states that cross currency middle rates were used to derive pound sterling and yen rates against the rupee, and confirms the SDR Rupee rate will be based on the published reference rate.

Reference Rate publication sets rupee exchange benchmarks and cross currency derived rates for FX and SDR valuation.
The Reserve Bank published the Reference Rate for the US dollar and the Euro on May 29, 2014, comparing them with the preceding day, and supplied derived rupee exchange rates for the British pound and Japanese yen based on the dollar reference and cross currency middle rates; the SDR Rupee rate is to be based on the published reference rate.

Monetary policy announcement: second bi monthly review to be issued by press release, providing scheduled public disclosure and guidance.
The central bank announces that the Second Bi monthly Monetary Policy Review for 2014-15 will be released by press release, specifying the timing and identifying the press release as the authoritative medium for public disclosure of the review.

Reference exchange rates published: USD and euro benchmarks updated and cross currency GBP and JPY rates derived accordingly.
Reserve Bank of India published daily reference rates for the US dollar and the euro on May 28, 2014, comparing them with the previous day's rates. The Bank derived exchange rates for the pound sterling and Japanese yen from the US dollar reference rate using middle cross currency quotes, and stated that the SDR rupee rate will be based on the published reference rate.

Monetary spillovers: prolonged unconventional easing raises leverage and exit risk, calling for coordination and stronger safety nets.
Prolonged use of Unconventional Monetary Policy can raise domestic leverage, investor crowding, and exit volatility, while generating cross border spillovers that inflate asset prices and vulnerabilities in recipient countries. Central banks should internalize such spillovers-by reinterpreting mandates to consider foreign reactions-and strengthen international safety nets, including pre qualified liquidity lines, so that unilateral UMP or competitive easing do not produce large adverse global welfare effects.

Special Investigation Team to investigate and prosecute cases involving unaccounted money and report status to the court.
A Special Investigation Team is established to implement the Supreme Court's directive on unaccounted money, chaired by a former Supreme Court judge with a High Level Committee of senior revenue, banking, intelligence and enforcement officials. The SIT is mandated to investigate, initiate proceedings and prosecute cases involving unaccounted funds across matters already under inquiry, pending, awaiting initiation or completed; to prepare a comprehensive action plan and institutional structure; and to report the status of its work to the court periodically.

Cancellation of NBFC registration removes the companies' authority to transact NBFC business under statutory regulatory power.
Certificates of registration authorising certain companies to operate as non-banking financial institutions have been cancelled under the statutory power conferred by Section 45-IA(6) of the Reserve Bank of India Act, 1934, and as a result those companies are no longer permitted to transact NBFC business; the business of a non-banking financial institution is defined in clause (a) of Section 45-I.

Reference rate announcement fixes exchange rates for major currencies and determines the SDR rupee conversion basis.
Reference rates for May 27, 2014 fixed rupee quotations for the US dollar and the euro, with pound sterling and Japanese yen rates derived from middle cross currency quotes; the release notes day on day movements and specifies that the SDR-rupee rate will be based on the published reference rate.

White label ATMs: non-bank authorisation expands ATM network under the Payment and Settlement Systems Act requiring rural deployment.
Reserve Bank authorises non-bank entities to operate White Label ATMs by issuing Certificates of Authorisation, pursuant to permissions under the Payment and Settlement Systems Act, 2007, and requires authorised operators to install a prescribed minimum number of WLAs in semi-urban and rural (tier III-VI) areas within a specified three year period under their chosen deployment scheme.