Reference rate updated for US dollar, setting official exchange benchmarks and determining SDR rupee conversion basis.
RBI published the Reference Rate for the US dollar and derived rupee exchange rates for the euro, pound sterling and yen from the US dollar reference and middle cross currency rates; the SDR rupee conversion is to be based on the published reference rate.

Foreign direct investment automatic route permits broad NRI participation, with certain investments treated as domestic under FEMA.
The Government permits wide Foreign Direct Investment under the automatic route, including NRI investments, with special dispensations for construction development and civil aviation; investments by NRIs, PIOs and OCIs made under Schedule 4 of FEMA on a non repatriation basis are deemed domestic and treated at par with resident investments.

Monetary Policy Statement announced, signalling central bank policy guidance and compliance expectations for the banking sector.
The central bank will issue its First Bi monthly Monetary Policy Statement for 2016-17 on April 5, 2016 at 11:00 a.m.; this scheduled regulatory disclosure provides formal policy guidance and macroeconomic assessment to inform banking sector and market expectations.

Reference rate for US dollar updated; derived exchange rates for euro, pound and yen and SDR-rupee linkage noted.
The central bank published an updated reference rate for the US dollar and, using that rate with middle cross-currency quotes, provided the rupee exchange rates for the euro, pound sterling and yen. The prior day's reference rate is noted for comparison, and the release specifies that the SDR Rupee rate will be based on the published reference rate.

Reference rate for US dollar updated; governs cross currency rupee quotes and determines the SDR rupee rate.
The Reserve Bank of India published the US dollar reference rate and the immediately preceding rate; it used that reference rate with middle cross currency quotes to determine exchange rates for the euro, pound sterling and Japanese yen against the rupee, and specified that the SDR Rupee rate will be based on the published reference rate.

Reference rate publication: RBI updates US dollar reference rate and links cross currency and SDR rupee rates accordingly.
The Reserve Bank published the official US dollar reference rate for March 4, 2016 with the prior day's comparative figure; using that reference rate and middle cross currency quotes it set corresponding rupee exchange rates for the euro, pound sterling and the Japanese yen for March 3 and March 4, 2016, and stated that the SDR Rupee rate will be based on the published reference rate.

Reference rate publication anchors exchange rate derivation; cross currency and SDR conversion follow from the published USD reference rate.
The Reserve Bank of India published the US Dollar reference rate which serves as the anchor for deriving exchange rates; using this USD reference and middle cross currency quotes, the euro, pound sterling and Japanese yen rates against the rupee were calculated and published, and the SDR Rupee rate is stated to be based on the published USD reference rate.

Reference rate publication establishes official exchange-rate benchmarks and links the SDR Rupee conversion to that reference.
Publication of the Reserve Bank of India's Reference Rate for the US dollar and derived cross-currency middle-rate quotations establishes official benchmark exchange rates for the euro, pound sterling and yen against the rupee; the notice further specifies that the SDR-Rupee rate will be based on the published reference rate, creating a procedural linkage for SDR conversion into rupees.

Reference exchange rate for US dollar set; derived euro, pound and yen rates and SDR-rupee linkage follow.
The Reserve Bank of India publishes the daily Reference Rate for the US Dollar and, using middle rates of cross currency quotes, provides derived rupee rates for the euro, pound sterling and the Japanese yen; the SDR Rupee rate will be determined based on the published reference rate.

Bank governance strengthened through an autonomous Banks Board Bureau to advise on senior appointments and strategic capital planning.
Creation of an autonomous Banks Board Bureau to improve governance of Public Sector Banks by recommending heads of banks and financial institutions and assisting in strategy and capital raising plans. The Bureau is a part time body comprising a Chairman, three ex officio members and three expert members, centralizing oversight and succession recommendations for the public banking sector and commencing operation on the announced start date.

Reference rate for US Dollar published; cross-currency rupee rates for euro, pound, yen and SDR rupee basis updated.
The Reserve Bank of India published the US Dollar Reference Rate for 26 February 2016 and the prior day's rate; using that USD reference rate and middle cross currency quotes, it reported rupee exchange rates for the euro, pound sterling and Japanese yen and stated that the SDR Rupee rate will be based on the published reference rate.

Reference Rate for US Dollar published by central bank; cross currency exchange rates and SDR Rupee linkage set.
The central bank published the Reference Rate for the US Dollar and provided corresponding cross currency exchange quotations for euro, pound sterling and yen against the rupee, comparing the current and prior day figures; it further specified that the SDR Rupee rate will be based on the published reference rate.

Digital payments promotion shifts government transactions to non cash modes and mandates card/digital acceptance beyond thresholds.
Promotion of payments through cards and digital means implements measures to reduce cash transactions by expanding acceptance infrastructure, withdrawing surcharge or convenience charges on card/digital payments by government entities, rationalising and differentiating Merchant Discount Rate across segments, mandating card/digital payment above prescribed thresholds, introducing formulae linked acceptance infrastructure for certain card products, rationalising telecom charges for digital transactions, promoting mobile banking, and creating assurance mechanisms for prompt resolution of fraudulent transactions.

Reference Rate for the US Dollar set; cross currency middle rates determine euro, pound and yen exchange rates.
Reserve Bank of India fixed the Reference Rate for the US Dollar at Rs. 68.5650 on February 24, 2016 and, using that Reference Rate and middle cross currency rates, published the derived exchange rates for the euro, pound sterling and 100 Japanese yen against the rupee; the SDR Rupee rate is stated to be based on the published Reference Rate.

Reference Rate for US Dollar updated, affecting rupee exchange rates for euro, pound and yen and guiding the SDR rupee rate.
Reserve Bank announces the Reference Rate for the US Dollar on February 23, 2016, records the prior day's rate for comparison, and, using the US Dollar reference plus cross currency middle rates, publishes corresponding rupee exchange rates for the euro, pound sterling and Japanese yen; the SDR Rupee rate will be based on the reference rate.

Inflation concerns prompt caution in monetary policy, balancing global disinflation with domestic price pressures and wage risks.
Monetary policy guidance balanced global disinflationary forces against persistent domestic inflationary pressures, noting rising headline and core inflation, high services inflation, elevated inflationary expectations, and food price spikes; potential wage-price effects from pay commission implementation and nominal currency depreciation could mitigate disinflation, supporting a cautious approach to policy easing while awaiting clearer fiscal and supply-side developments.

Reference rate publication: establishes daily exchange-rate benchmark and governs SDR Rupee calculation and cross currency quotations.
Publication of the Reserve Bank of India Reference Rate for the US Dollar on February 22, 2016 fixes the official benchmark exchange rate; using that USD benchmark and middle rates of cross-currency quotes, the RBI derives exchange rates for EUR, GBP and JPY against the Rupee. The press note specifies that the SDR Rupee rate will be based on the published reference rate.

Reference rate publication updates the USD benchmark and sets derived rupee rates for cross currency and SDR conversion.
Publication of a reference rate for the US dollar and derived rupee exchange rates for the euro, pound sterling and Japanese yen based on the dollar reference and middle cross currency rates; the notice also specifies that the SDR Rupee rate will be based on the published US dollar reference.

Reference rate for US Dollar established, guiding cross-currency rupee rates and determining the SDR Rupee rate.
Reference rate for the US Dollar is announced and the prior day's figure given; using the USD reference rate and middle cross-currency quotes, corresponding rupee exchange rates for the euro, pound and yen are provided, and the SDR Rupee rate is based on that USD reference rate.

Foreign direct investment approvals: government cleared multiple proposals and referred a major telecom acquisition to CCEA for decision.
The Government approved ten FDI proposals and recommended one significant telecom acquisition to the CCEA under the FDI policy. Approved items include share transfers, ESOP issuances and fresh equity subscriptions, conversion of an overseas subsidiary's activity, downstream investments and authorization to act as a BBPOU. Eight proposals were deferred for further scrutiny, five were rejected for failing to satisfy policy or compliance expectations, and two were held to lie outside the Board's remit. The actions apply sectoral FDI norms across telecom, pharma, insurance, e commerce, infrastructure and power.