Reference rate for US dollar published; euro, pound and yen exchange rates against the rupee derived from that benchmark.
The Reserve Bank of India published the daily Reference Rate for the US Dollar and the prior day's figure, and - using that USD reference together with middle cross currency quotes - provided derived exchange rates for the euro, pound sterling and Japanese yen against the rupee; the SDR-rupee rate is to be based on the reference rate.

Reference rate determination for US dollar sets cross currency rupee rates and ties SDR rupee rate to that reference.
The publication records the Reference Rate for the US dollar on December 12, 2017, compares it with the prior day, and, using the US dollar reference and cross currency middle rates, supplies derived rupee exchange rates for the euro, pound sterling and the Japanese yen; it further specifies that the SDR Rupee rate will be based on the published reference rate.

Reference exchange rate update for the US dollar; determines derived cross currency rupee rates and the SDR rupee basis.
Publication of an updated reference exchange rate for the US dollar establishes the official rupee value for that currency on the stated date, with other major currency rates (Euro, Pound Sterling, Japanese Yen) derived from the US dollar reference combined with middle rates of cross currency quotes; the SDR Rupee rate is to be computed on that basis.

Sovereign Gold Bond pricing: online applicants using digital payment receive a discount from the issue price during the subscription window.
Series III of Sovereign Gold Bonds 2017-18 is offered at a specified issue price per gram for the December 11-13, 2017 subscription with settlement on December 18, 2017; bonds are issued on the Monday succeeding each subscription period. A discount from the issue price per gram is available to investors who both apply online and make payment through digital mode, as decided by the Government of India in consultation with the Reserve Bank of India.

Reference rate for the US Dollar set; cross currency-derived rupee rates issued and SDR rupee linkage specified.
Establishment of a reference rate for the US Dollar for the business day, compared with the prior day, and use of that reference rate together with middle cross-currency quotes to derive rupee exchange rates for Euro, Pound Sterling and Japanese Yen; the communique states the SDR Rupee rate will be based on the reference rate, serving as the daily authoritative publication for conversion and reporting purposes.

Technical assistance and data support enabling the finance commission to address its Terms of Reference and complex fiscal issues.
Chairman of the finance commission and the central bank governor discussed provision of technical assistance and access to the central bank's State Finance Division data to enable the commission to discharge its Terms of Reference, including provision of data, analytical inputs and preparation of analytical papers on complex fiscal issues.

Depositor protection reinforced: FRDI Bill emphasizes resolution regime safeguarding depositors and not diminishing existing guarantees.
The Bill establishes a statutory resolution regime to protect depositors by enabling quick, orderly and efficient resolution of failing financial service providers while preserving existing depositor protections, and it does not curtail the Government's ability to provide financing or resolution support to banks, leaving the Government's implicit guarantee for public sector banks unaffected.

Reference rate publication updates US dollar and cross currency exchange benchmarks, informing SDR rupee valuation and market reference.
The Reserve Bank of India published the US dollar reference rate for December 7, 2017, compared it with the prior day's rate, and, using that reference and middle cross currency quotes, supplied exchange benchmarks for EUR, GBP and JPY against the rupee; the press release states the SDR rupee rate will be based on the published reference rate.

Monetary policy stance maintained: neutral policy retained as inflation projection remains under control and risks balanced.
The Monetary Policy Committee maintained a neutral policy stance, retained its inflation projection and kept its annual Gross Value Added forecast unchanged while noting major economic developments and reform measures such as GST, bank recapitalisation and improved ease of doing business; the Government took note of the MPC statement.

Reference exchange rate: RBI updates USD benchmark and derived EUR, GBP, JPY rates; SDR Rupee tied to reference.
Reserve Bank of India publishes the reference rate for the US dollar with a prior-day comparator, and presents euro, pound sterling and Japanese yen exchange rates derived from the US dollar reference rate together with middle rates of cross-currency quotes; the SDR Rupee rate will be based on the reference rate.

Sovereign Gold Bond issue price set and online digital payments allowed a discount for subscribers during next subscription period.
Announcement fixes the issuance terms for the Sovereign Gold Bonds Series III: subscriptions are accepted Monday-Wednesday weekly, bonds are issued the Monday after each subscription period, and a settlement date for allotment is provided. The Government, in consultation with monetary authorities, allows a discount per gram for applicants who subscribe online and pay through digital modes, specifying the discounted payment mechanism and the subscription-to-issuance timetable.

Monetary Policy Committee meeting scheduled; resolution to be published promptly after deliberations on the Fifth Bi monthly Monetary Policy Statement.
The Monetary Policy Committee (MPC) will convene for the Fifth Bi monthly Monetary Policy Statement for the 2017-18 cycle on December 5 and 6, 2017. The Committee's resolution will be published on the central bank website at 2:30 pm on December 6, 2017, specifying the meeting schedule, the policy statement round, and the timing for public release of the resolution.

Government receipts composition and devolution to states shapes spending, with interest and subsidies driving revenue outlays.
Central government receipts up to October comprise tax revenues net to the Centre, non tax revenues and Non Debt Capital Receipts (loan recoveries and disinvestment proceeds), with a significant portion transferred as Devolution of Share of Taxes to states. Total expenditure is divided into Revenue Expenditure and Capital Expenditure, with interest payments and major subsidies as the principal components of revenue outlays.

Reference rate publication: RBI's US dollar reference rate and derived cross currency rupee rates determine SDR rupee linkage.
The Reserve Bank of India published the reference rate for the US dollar and derived rupee exchange rates for euro, pound sterling and yen using middle cross currency quotes, and specified that the SDR rupee rate will be based on that reference rate.

Reference rate publication updates dollar and derived euro, pound, yen exchange rates and sets SDR rupee basis.
The Reserve Bank of India published the Reference Rate for the US Dollar, provided the previous day comparator, and derived EUR, GBP and JPY exchange rates against the Rupee using the US Dollar reference and middle rates of cross-currency quotes; it also stated that the SDR Rupee rate will be based on the reference rate.

Reference Rate set for US dollar today; cross currency exchange rates derived and SDR Rupee linkage maintained.
The Reserve Bank of India publishes a daily Reference Rate for the US dollar that establishes the rupee value and records day to day movement. Derived exchange rates for other currencies are produced from the US dollar reference using middle cross currency rates; the SDR Rupee rate is stated to be based on the reference rate.

Government securities auction re-issue: price-based multiple-price sale with non-competitive allotment and electronic bidding procedures specified.
Re issue auctions of a floating rate bond and dated stocks will be conducted by the central bank using the multiple price method, with aggregate notified limits and an option to retain additional subscription within the overall ceiling. Both competitive and non competitive bids must be submitted electronically via the central bank's E Kuber system in prescribed windows, up to a reserved share allotted to eligible individuals and institutions under the non competitive bidding facility, and the stocks will be eligible for when issued trading under existing guidelines.

Reference rate for US dollar set by RBI, affecting exchange rates for euro, pound and yen.
The Reserve Bank of India published the reference rate for the US dollar and the prior day's rate, and, using that reference together with cross currency middle rates, specified rupee exchange rates for the euro, pound sterling and the yen; the release further states that the SDR rupee rate will be based on the announced reference rate.

Sovereign Gold Bonds issuance open for Series III; online applicants paying digitally receive a per-gram discount.
Series III of the Sovereign Gold Bonds 2017-18 is open with weekly Monday-Wednesday subscription windows and issuance on the succeeding Monday; the November 27-29, 2017 window has an issue price of Rs. 2,961 per gram with settlement on December 4, 2017, and a Rs. 50 per gram discount is allowed for investors who apply online and pay by digital mode.

Reference Rate for US Dollar announced, determining rupee cross-currency rates and the basis for the SDR Rupee calculation.
The Reserve Bank of India publishes the official rupee Reference Rate for the US Dollar and its prior-day comparison; using that reference rate and cross-currency middle rates, the Bank provides rupee exchange rates for the euro, pound sterling and the yen, and states that the SDR-Rupee rate will be based on the published reference rate.