Reference rate publication sets USD reference and derives euro, pound and yen exchange rates, with SDR rupee linked to it.
The Reserve Bank published the Reference Rate for the US Dollar and, using that rate with cross currency middle rates, specified the exchange rates for the euro, pound sterling and the yen against the rupee; it further stated that the SDR Rupee rate will be based on the published reference rate.

Withdrawal of legal tender: banks must prevent fraudulent exchanges, enforce compliance, and retain denomination-wise customer records for SBNs.
Banks must stop fraudulent exchanges and deposits of Specified Bank Notes through enhanced vigilance and disciplinary action, ensure strict compliance with instructions on exchange and deposit of SBNs, and maintain denomination-wise details of SBNs and aggregate non-SBN values credited to each customer account as well as customer-wise, denomination-wise records of SBNs exchanged, being prepared to provide these details at short notice.

RBI Reference Rate updated for the US dollar, with euro, pound and yen cross-rates and SDR linkage.
The Reserve Bank issued the Reference Rate for the US dollar and published cross-currency mid rates for euro, pound sterling and yen, noting a small change from the prior day's US dollar reference rate, and specified that the SDR Rupee rate will be derived from the published reference rate.

Withdrawal of legal tender permits higher cash withdrawals for wedding expenses under specified conditions and documentation requirements.
A temporary facility permits higher cash withdrawals from fully KYC-compliant deposit accounts to meet wedding expenses within a specified date window, limited to an authorised withdrawer and contingent on proof that intended payees lack bank accounts. Withdrawals require a prescribed application, wedding evidence and a list of payees with declarations; banks must retain records, verify authenticity and encourage non-cash payments.

Non competitive bidding facility reserves a portion of government securities auctions for eligible individuals and institutions under specified procedures.
Announcement of auctions for multiple Central Government securities using price based and yield based auctions under the multiple price method; electronic bids to be submitted on E Kuber with separate windows for competitive and non competitive bids. Up to five percent of each notified amount is reserved for eligible individuals and institutions under the Non Competitive Bidding Facility. Results and settlement dates are set, and the stocks will be eligible for When Issued trading per RBI guidelines.

Reference rate for the US dollar established; derived euro, pound and yen rupee rates and SDR conversion basis clarified.
The central bank published the reference rate for the US dollar on the stated date and provided the prior day's rate for comparison; using that US dollar reference and the middle rates of cross currency quotes, rupee rates for the euro, pound sterling and yen are reported. The announcement states the SDR Rupee rate will be based on the published reference rate, making that reference the operational basis for SDR conversions.

Withdrawal of legal tender: one-time limited over-the-counter exchange allowed for specified demonitised banknotes from banks, effective immediately
Withdrawal of Legal Tender of existing 500 and 1000 banknotes ceases their legal tender status and permits a one-time over-the-counter exchange of the demonetised denominations at bank counters up to a limited value per person; the facility is available only once per person and is effective as notified, with banks required to implement the counter exchange and acknowledge receipt.

Currency exchange limit reduction allows one-time over-the-counter exchange until deadline easing withdrawal restrictions for farmers and wedding families.
The regulatory response reduces the exchange limit for invalidated notes and authorises a one-time over-the-counter exchange of specified denominations per person until December 30; exchanged notes will be marked with indelible ink and ATMs are being recalibrated to dispense replacement denominations while withdrawal easements are granted for certain groups to ease cash availability.

Reference rate determination sets rupee exchange quotations for major currencies and establishes the SDR rupee valuation basis.
The document announces the Reference Rate for the US dollar, compares it with the prior day's reference rate, and provides derived exchange quotations for EUR, GBP and JPY against the rupee using cross-currency middle rates. It further states that the SDR Rupee rate will be based on the published reference rate.

Promotion of trade in services: government uses market access, fiscal incentives and reforms to boost services contribution to GDP.
Government strategy to raise the services share of value-added combines negotiations for market access, trade promotion, stakeholder consultations and budgeted fiscal support under the Services Exports from India Scheme (SEIS). Services identified as inputs to manufacturing-IT/TeS, logistics, retail/e-commerce, transport, financial services, utilities and professional services-are linked to industrial initiatives like Make in India. Complementary policies (Start-up India, Digital India, Skill India), infrastructure incentives and ease-of-doing-business reforms, alongside liberalised foreign direct investment policy, are presented as measures expected to boost both services and industrial growth.

Reference rate publication for US Dollar establishes Rupee exchange benchmarks and cross-currency rates, with SDR linkage.
The Reserve Bank of India published the Reference Rate for the US Dollar as the operative Rupee benchmark for November 16, 2016, provided the prior day's rate for comparison, and, using that reference rate with cross-currency middle rates, disclosed derived Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen for November 15-16, 2016; the announcement specifies the SDR Rupee rate will be based on the published reference rate.

Indelible ink marking to prevent repeated currency exchanges: right index finger marking required with prescribed supply and application protocol.
Banks and post offices must mark the right index finger of customers with supplied black indelible ink when exchanging Specified Bank Notes to identify one-time exchanges; each branch will receive 5 ml bottles with applicator brushes, ink is applied by the cashier or designated official before handing notes to allow drying, the procedure is piloted in metro areas, and ink on the left hand must not be used to refuse exchanges.

Withdrawal of legal tender: banks must ensure strict compliance with exchange and deposit procedures for affected notes.
Withdrawal of legal tender status of specified bank notes required cooperative banks to facilitate exchange and accept deposits of those notes, and regulatory advisories instructed urban and state cooperative banks through appropriate supervisory channels to ensure strict compliance with the prescribed exchange and deposit procedures.

Reference rate for US Dollar establishes benchmark for deriving major currency exchange rates and SDR Rupee linkage.
The Reserve Bank publishes a reference rate for the US Dollar as the official benchmark for conversion into the Rupee and compares it with the prior published rate. It states that, using the US Dollar reference rate and the middle rates of cross currency quotes, the Bank derives exchange rates for other major currencies (Euro, Pound Sterling, Japanese Yen), and that the SDR Rupee rate will be computed based on the published reference rate.

Waiver of ATM charges ensures savings customers face no levy for transactions at own or other banks' ATMs.
Banks shall waive ATM charges on all financial and non financial transactions by savings bank customers at their own and other banks' ATMs, irrespective of the number of monthly transactions; the waiver is a temporary, reviewable regulatory instruction affecting bank fee policy and interbank ATM charging arrangements.

Currency issuance: new banknote introduced with inset letter and enhanced security features; earlier series remains legal tender.
New Mahatma Gandhi (New) Series banknotes bearing inset letter 'L' will be issued with the Governor's signature, year of printing and Swachh Bharat logo; they differ from the earlier specified series in colour, size (66 mm x 150 mm) and reverse design (Red Fort with flag). The notes include enhanced security and tactile features-intaglio portrait, Ashoka Pillar emblem, bleed lines, denomination circle and identification mark-to aid authentication and enable visually impaired persons to identify the denomination, and earlier-issued banknotes remain legal tender.

Auction of government securities using multiple price method with non competitive bidding and when issued trading eligibility.
Sale by price based auction of four re issued Central Government securities is announced using the multiple price method, with up to five percent of each notified amount allotted under the Non Competitive Bidding Facility. Competitive and non competitive bids must be submitted electronically on the Reserve Bank of India E Kuber system within prescribed windows; results and a settlement timetable are specified, and the securities are eligible for When Issued trading per RBI guidelines.

Demonetisation exemptions extended with added categories and restrictions, and cash supply to banks increased during transition.
The Government extended exemptions to the cancellation of the legal tender character of the existing high denomination bank notes until 14 November 2016, adding payment of court fees, requiring ID for consumer cooperative store transactions, limiting exempt utility bill payments to individuals/households for arrears or current bills (no advance payments), and deleting toll plaza payments from exemptions; the Government also stated that the central bank has sufficient cash and that supply to branches and ATMs will be increased gradually.

Withdrawal of legal tender: banks must apply cash withdrawal limits; limited discretionary excess for government on written justification.
Withdrawal of Legal Tender Character of specified high-denomination banknotes is implemented as an administrative currency measure affecting cash acceptance and withdrawal limits. A limited exception allows Government departments to withdraw cash beyond the general ceiling in exceptional cases, only on written justification of need and at the discretion of a senior bank officer of General Manager rank or above.

Reference rate updated; cross-currency exchange benchmarks for euro, pound and yen adjusted accordingly in official release
An official update sets the reference rate for the US dollar for a specified date and records the prior day's rate; using that reference rate and middle cross-currency quotes, corresponding exchange rates for the euro, pound sterling and Japanese yen against the rupee are provided, with the SDR-rupee rate to be based on the reference rate.