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September 10, 2015
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Reference rate for US Dollar set by RBI, driving derived exchange rates and SDR Rupee linkage.
The Reserve Bank of India published the daily reference rate for the US Dollar and, using middle cross currency rates, provided rupee exchange conversions for the Euro, Pound Sterling and Japanese Yen; it further states the SDR Rupee rate will be derived from that reference rate.
September 9, 2015
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FDI in White Label ATM operations permits full foreign ownership under automatic route, subject to net worth and RBI rules.
Permit 100 percent FDI under the automatic route in White Label ATM operations subject to a minimum net worth of Rs. 100 crore for non-bank operators, adherence to NBFC capitalisation norms if engaged in NBFC activities, and compliance with RBI guidelines and sectoral criteria governing WLA operations.
September 9, 2015
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Reference rate for US dollar updated, affecting euro, pound and yen exchange rates against the rupee and SDR rupee computation.
The Reserve Bank of India published an updated reference rate for the US dollar fixing the rupee value on September 9, 2015, and provided the previous day's rate; it then used that USD reference rate with middle rates of cross currency quotes to compute and publish rupee exchange rates for the euro, pound sterling and Japanese yen, and stated that the SDR Rupee rate will be based on the reference rate.
September 8, 2015
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Reference Rate for US Dollar published; cross-currency rupee rates and SDR Rupee linkage updated for market guidance today.
Publication of a daily Reference Rate for the US Dollar provides the benchmark used to compute cross currency rupee rates; the euro, pound sterling and yen rupee rates are derived from that reference and the SDR Rupee rate is stated to be based on the same published reference.
September 7, 2015
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Reference rate set for the US dollar, with cross currency middle rates determining euro, pound and yen exchange rates.
The Reserve Bank of India published the Reference Rate for the US dollar at Rs. 66.7445 on September 7, 2015, with the prior business day's rate at Rs. 66.4003. The USD reference rate is used, together with middle rates of cross currency quotes, to derive rupee exchange rate quotations for euro, pound sterling and Japanese yen. The SDR Rupee rate will be based on the announced reference rate.
September 4, 2015
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Cash-out facility access expanded through branches, ATMs, PoS and Bank Mitras, plus overdraft access without Aadhaar.
PMJDY has refocused on ensuring accessible cash-out facilities by expanding branches, ATMs, PoS, Bank Mitras and issuing debit cards; operational measures include enhanced PoS withdrawal limits in lower-tier centres and no SMS charges on PMJDY/BSBD accounts. Banks are directed to provide an overdraft facility on PMJDY accounts with Aadhaar not mandatory for availing it, and the Indian Banks Association is to issue revised guidelines to banks.
September 4, 2015
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Reference exchange rate published for the US Dollar; cross currency Rupee rates updated and SDR Rupee linked to that reference.
Reserve Bank of India publishes a daily reference exchange rate for the US Dollar and, using that reference with cross currency middle rates, provides corresponding Rupee conversions for the Euro, Pound Sterling and Japanese Yen; the SDR Rupee rate is to be based on the published reference rate.
September 3, 2015
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Reference Rate for US Dollar updated; used to compute exchange rates for euro, pound and yen and determine SDR rupee rate.
Reserve Bank of India published the Reference Rate for the US Dollar for September 03, 2015 and the previous day's corresponding rate. Using that USD reference rate and the middle rates of cross currency quotes, the release supplies derived Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen. The note states that the SDR Rupee rate will be determined by reference to the published reference rate.
September 2, 2015
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Reference rate for US Dollar set; cross currency middle rates determine euro, pound and yen exchange rates against rupee.
The notice publishes the daily reference rate for the US Dollar, compares it with the previous day, and states that euro, pound and yen exchange rates against the rupee are derived from that reference using cross currency middle rates; it further provides that the SDR Rupee rate will be based on the published reference rate.
September 1, 2015
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Reference rate for US Dollar sets cross-currency exchange rates and governs SDR Rupee conversion under central bank framework.
The Reserve Bank published the Reference Rate for the US Dollar with the immediately preceding day's rate and specified that EUR, GBP and JPY exchange rates against the rupee are derived from that US Dollar reference rate using the middle rates of cross currency quotes. The release lists the exchange rates for both dates and states that the SDR Rupee rate will be based on the published reference rate, thereby linking the USD reference publication to SDR valuation.
August 28, 2015
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Monetary policy review scheduled: central bank to announce fourth bi monthly policy decisions on September 29 at 11 am.
The Reserve Bank of India will announce the Fourth Bi monthly Monetary Policy Review, 2015 16 on Tuesday, 29 September 2015 at 11:00 a.m.; the press release serves as official notice of the scheduled central bank policy announcement.
August 28, 2015
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Reference rate for US dollar published; derived euro, pound and yen rupee exchange rates and SDR linkage.
Publication of the Reference Rate for the US dollar by the Reserve Bank of India with the prior day's benchmark; derived Rupee exchange rates for euro, pound sterling and the Japanese yen are provided using cross currency middle rates, and the SDR Rupee rate is stated to be based on the Reference Rate.
August 27, 2015
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Reference rate established for US dollar; it governs cross currency rupee exchange rates and SDR Rupee conversion methodology.
The Reserve Bank of India sets a Reference Rate for the US Dollar that acts as the benchmark for calculating rupee exchange values of other currencies; using that Reference Rate and middle rates of cross currency quotes, the rupee exchange rates for the Euro, Pound Sterling and Japanese Yen are determined, and the SDR Rupee rate will be based on this Reference Rate.
August 26, 2015
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Reference rate for US Dollar set by central bank guides rupee exchange rates, affecting euro, pound and yen conversions.
The Reserve Bank published the Reference Rate for the US Dollar, compared it with the prior day's figure, and provided rupee exchange rates for Euro, Pound Sterling and Japanese Yen derived from that reference and cross currency middle rates; it also stated that the SDR Rupee rate will be based on the announced reference rate.
August 25, 2015
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Government securities auction: re-issue offered via multiple-price bidding with non-competitive allocation and electronic bid timings.
The Reserve Bank will conduct price-based re-issue auctions of multiple government stocks using the multiple price method through its E-Kuber system; up to five percent of each issue is reserved for eligible non-competitive bidders, with separate electronic submission windows for non-competitive and competitive bids, fixed announcement and payment timelines, and eligibility for when-issued trading under RBI guidelines.
August 25, 2015
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Reference Rate update: RBI's reference rate for the US dollar revised, affecting rupee exchange rates for major currencies.
The Reserve Bank of India published the Reference Rate for the US dollar and provided derived rupee exchange rates for the euro, pound sterling and yen based on cross-currency middle rates; it also specified that the SDR Rupee rate will be based on the published reference rate, establishing the RBI's benchmark for rupee valuation and related reporting.
August 25, 2015
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MUDRA loan camps expand microcredit access with emphasis on Shishu loans and lending priority for SC/ST enterprises.
Organisation of nationwide Mega credit camps for Pradhan Mantri MUDRA Yojana seeks to maximise borrower access and disbursement across three loan bands-Shishu, Kishore and Tarun-with operational emphasis on small ticket Shishu loans. Banks have an allocated overall disbursement target for MUDRA lending, are conducting awareness outreach, and are to give lending priority to enterprises owned by SC/ST communities, building on the institutional framework of Micro Units Development and Refinance Agency and PMMY.
August 21, 2015
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Reference rate for US dollar updated; consequential euro, pound and yen exchange rates against the rupee and SDR link.
Reserve Bank of India published the reference rate for the US dollar and, using that rate with middle cross currency quotes, supplied rupee exchange rates for the euro, pound sterling and Japanese yen. The announcement records the change from the prior day and specifies that the SDR rupee rate will be based on the published reference rate, establishing the reference rate as the basis for SDR valuation and cross currency conversions.
August 20, 2015
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Reference rate for US Dollar published, establishing rupee exchange rates for euro, pound and yen and SDR conversion basis.
The Reserve Bank of India published the US Dollar reference rate and the previous day's rate, and-using that reference together with middle cross currency quotes-reported the rupee exchange rates for the euro, pound sterling and yen; the SDR-rupee conversion is to be based on the published reference rate.
August 19, 2015
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Reference rate announcement sets official dollar benchmark, informing cross-currency rupee rates and SDR-Rupee valuation basis.
The Reserve Bank of India published the official reference rate for the US Dollar for August 19, 2015, establishing the benchmark rupee-dollar exchange level and noting the immediately prior reference rate for comparison. Using that dollar reference and the middle points of cross currency quotes, the Bank computed corresponding rupee exchange rates for the euro, pound sterling and Japanese yen. The release further specifies that the SDR Rupee rate will be determined on the basis of the published reference rate.

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