Trade balance: merchandise deficit widened for April-December as oil fell and non oil imports rose, services remained surplus.
Merchandise exports fell in December 2014 year on year while cumulative April-December exports rose; December imports fell year on year but cumulative April-December imports increased. Oil imports declined sharply year on year for December and declined modestly cumulatively, while non oil imports rose for both December and April-December. These trends resulted in a larger merchandise trade deficit for April-December 2014 15. Separately, services receipts exceeded payments in November 2014, yielding a positive services trade balance. The release provides provisional dollar and rupee aggregates and growth rates for these periods.

Reference rate for US Dollar published; derived exchange rates for major currencies and SDR linkage clarified.
The Reserve Bank of India published the Reference Rate for the US Dollar for January 15, 2015 and the previous day, and, using those rates with middle cross-currency quotes, provided derived exchange rates for the Euro, Pound Sterling and the Japanese Yen against the Rupee; the SDR-Rupee rate is confirmed to be based on this reference rate.

Monetary easing: policy repo rate reduced to reinforce disinflation while preserving liquidity and fiscal consolidation.
Monetary policy shifted to a loosening orientation after disinflationary developments and eased inflation expectations created headroom. The Bank reduced the policy repo rate, left the cash reserve ratio unchanged, and committed to provide overnight and short term repo liquidity through auctions and daily variable rate operations, with corresponding adjustments to the reverse repo, marginal standing facility and Bank Rate. Further easing will depend on sustained disinflation, fiscal consolidation and resolution of supply constraints.

Reference rate for US dollar set by central bank drives cross currency rupee rates and SDR rupee conversion.
The Reserve Bank sets the reference rate for the US dollar and, using middle rates of cross currency quotes, publishes corresponding Rupee exchange rates for the Euro, Pound and Yen; the SDR Rupee rate is to be based on that reference rate, providing the official daily benchmark for FX valuation and conversions.

RBI reference rate update for the US dollar sets rupee benchmarks and determines the SDR Rupee conversion basis.
Reserve Bank of India updated the Reference Rate for the US dollar and, using that rate with middle cross-currency quotes, published rupee exchange rates for the euro, pound sterling and Japanese yen; the SDR-Rupee rate will be based on the reference rate.

Government securities auction multiple-price method; non-competitive bidding allotment and electronic bids required, payment and settlement scheduled.
Sale by re issue of specified Central Government stocks is announced through price based auctions using the multiple price method, with notified nominal amounts and up to five percent reserved for allotment under the Non Competitive Bidding Facility. Competitive and non competitive bids must be submitted electronically via E Kuber within prescribed windows on the auction date; results and settlement/payment dates are announced. The stocks will be eligible for When Issued trading under existing RBI guidelines.

Reference Rate for US Dollar updated; cross-currency rupee rates and SDR Rupee linkage specified for exchange rate purposes.
Announcement sets the Reference Rate for the US Dollar on the stated date, compares it with the prior day, provides rupee exchange rates for Euro, Pound Sterling and Yen derived from the US Dollar reference and cross currency middle rates, and states that the SDR Rupee rate will be based on the published reference rate.

Reference rate for US Dollar revised, forming the basis for derived Euro, Pound and Yen exchange rates and SDR conversion.
The Reserve Bank of India published a daily US Dollar reference rate for January 9, 2015, compared it with the prior business day, and, using that reference rate plus cross currency middle rates, provided derived exchange rates for the Euro, Pound Sterling and Japanese Yen; the SDR Rupee rate is to be based on the reference rate.

Reference rate for the US Dollar updates cross currency exchange rates and determines the SDR Rupee basis today.
Reserve Bank of India published a reference rate for the US Dollar and reported its change from the previous day, together with derived exchange rates for the Euro, Pound Sterling and Japanese Yen based on the reference rate and cross currency middle rates; the release specifies that the reference rate will serve as the basis for the SDR Rupee rate.

Reference rate for US dollar published; cross currency EUR, GBP, JPY rates and SDR Rupee linkage announced.
Announcement of a reference rate for the US dollar establishing the official rupee value and providing the preceding day's rate; cross currency exchange rates for the euro, pound sterling and Japanese yen are derived from that reference using middle cross currency quotes, and the SDR Rupee rate will be based on the published reference rate.

Auction of Government Securities: re-issue conducted by RBI via price-based multiple-price method with non-competitive facility.
Re-issue auctions for four Government Stocks will be conducted by the Reserve Bank of India using a price-based multiple-price method with electronic bids submitted on E-Kuber. Up to 5% of each notified amount is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility; non-competitive and competitive bids have separate submission windows. Auction results will be announced on the auction date and successful bidders must remit payment on the prescribed settlement date. The stocks are eligible for when-issued trading under RBI guidelines.

Reference rate for US dollar published, with euro, pound and yen rupee rates and SDR rupee linkage.
Publication of the Reserve Bank's Reference Rate for the US dollar for January 6, 2015 with the prior day's figure, together with rupee exchange rates for the euro, pound sterling and Japanese yen derived from cross-currency middle rates for January 5 and January 6, 2015; the release specifies that the SDR rupee rate will be based on the announced reference rate.

Reference rate for US dollar published; euro, pound and yen rates derived and SDR rupee linked to that benchmark.
Publication of a reference rate for the US dollar on January 5, 2015 serves as the operative benchmark; euro, pound sterling and yen rates against the rupee are derived from the US dollar reference using middle cross currency quotes, and the SDR rupee rate is to be based on that reference rate.

Indian Accounting Standards phased applicability: voluntary option and staged mandatory adoption for company categories under revised roadmap.
A revised road map prescribes phased implementation of Indian Accounting Standards with voluntary early adoption and staged mandatory adoption based on listing status, net worth thresholds and group relationships; SME exchange listed companies are excluded, opting companies must continue Ind AS thereafter, and entities outside the roadmap remain subject to existing Accounting Standards, with a notification to be issued.

Reference rate for US dollar set; cross currency rupee rates for euro, pound and yen updated accordingly.
The Reserve Bank of India published the Reference Rate for the US dollar at Rs. 63.2878 on January 02, 2015, noted the prior day's rate, and, using that reference together with middle cross currency quotes, provided rupee exchange rates for the euro, pound sterling and Japanese yen; the SDR rupee rate will be based on the reference rate.

FDI liberalisation expands the automatic route and sets sector-specific approval safeguards for defence, railways and construction.
Regulatory liberalisation expands the automatic route for foreign investment, permitting up to 100% FDI in most sectors while retaining approval or security review for sensitive areas. Defence allows up to 49% FDI under approval by an Indian company owned and controlled by resident citizens, with proposals above 49% referred to the Cabinet Committee on Security for technology-linked cases; FPI up to 24% in defence is on the automatic route. Rail infrastructure is opened broadly to private and FDI participation with specific exclusions and a safeguard for FDI beyond 49% in sensitive areas. Construction development norms have been eased and affordable housing projects receive targeted exemptions.

Reference Rate for foreign exchange: RBI publishes a daily US dollar benchmark and derived rupee cross currency rates.
The Reserve Bank of India publishes a daily Reference Rate for the US dollar that serves as the rupee benchmark and underpins cross currency conversions; using the dollar reference and middle cross currency rates the Bank supplies rupee exchange rates for euro, pound sterling and yen, and states the SDR Rupee rate will be based on that reference.