Reference rate for US Dollar published; cross currency middle rates determine official EUR, GBP, JPY and SDR Rupee linkage.
The Reserve Bank of India published the reference rate for the US Dollar and the preceding reference figure; those USD reference figures, combined with cross currency middle rates, are used to derive official exchange rates for the Euro, Pound Sterling and Japanese Yen against the Rupee, and the SDR Rupee rate is to be based on the published reference rate.

Cash acceptance for tax declarations: banks must accept over the counter cash deposits for Scheme payments via the prescribed challan.
Banks are instructed to accept cash deposits from all declarants for payment under the Income Declaration Scheme and to permit over the counter cash deposits irrespective of amount, to be made using challan ITNS-286, thereby enabling the cash payment mechanism prescribed for declarations.

Reference rate for US dollar set by RBI informs cross currency rupee rates and determines SDR rupee conversion.
The Reserve Bank announced the Reference Rate for the US dollar and, using that rate with middle cross currency quotes, published corresponding rupee exchange rates for the euro, pound sterling and Japanese yen; the SDR Rupee rate is stated to be based on the US dollar reference rate.

Reference rate announcement: official US dollar reference and derived exchange rates published, with SDR rupee linkage stated.
Announcement of the Reserve Bank's official reference rate for the US dollar and, using cross currency middle rates, the corresponding exchange rates for the euro, pound sterling and the yen against the rupee; the SDR rupee rate is to be based on the published reference rate.

Reference rate for US Dollar sets cross currency rupee rates and fixes SDR Rupee conversion method daily.
Daily reference rate information records the Reference Rate for the US Dollar and derived cross currency exchange rates against the rupee, reporting the current and prior day USD rate plus calculated rupee rates for euro, pound sterling and yen based on middle rates of cross currency quotes, and states that the SDR Rupee rate is determined from the published reference rate.

Reference rate for the US dollar updated, affecting euro, pound and yen exchange rates and SDR rupee linkage.
The Reserve Bank published the reference rate for the US dollar and, using the US reference together with cross currency middle rates, provided derived exchange rates for the euro, pound sterling and Japanese yen; the SDR rupee rate will be based on that reference rate.

Government securities auction using multiple price method, with reserved non-competitive allotment and when-issued trading eligibility.
Announcement of auctions for several Central Government securities to be conducted by the Reserve Bank of India, Mumbai, on September 9, 2016, using the multiple price method. One security is offered via a yield-based auction and the others via price-based auctions. Up to 5% of notified amounts are reserved under the Scheme for Non-Competitive Bidding. Bids must be submitted electronically on the RBI E-Kuber system with non-competitive bids accepted 10:30-11:30 a.m. and competitive bids until 12:00 noon. Results are announced the same day and settlement occurs on the notified payment date. Stocks are eligible for When Issued trading per RBI guidelines.

Reference rate published for US dollar with derived exchange rates for euro, pound and yen, SDR linked.
The Reserve Bank published the Reference Rate for the US dollar, compared it with the previous day's rate, and, using that Reference Rate together with middle cross currency quotes, supplied rupee exchange rates for the euro, pound sterling and the Japanese yen; the SDR Rupee rate is to be based on the published Reference Rate.

Financial inclusion expansion via Postal Bank branches could transform last mile banking and spur institutional partnerships and operational autonomy.
Launch of the Indian Postal Bank expands banking infrastructure via the postal branch network to advance financial inclusion and last mile service delivery through locally appointed Bank Mitras, while prompting banks to address channel integration, technology interoperability, recruitment and oversight of Bank Mitras, and to consider greater functional autonomy at branch level to optimise rollout and support social security programme delivery.

Banking support for economic growth: banks must deepen participation in financial inclusion and reform to amplify inclusive growth.
Banks should prioritise supporting national economic growth by aligning lending and operations to facilitate socio economic development. The government is implementing enabling legislation and institutional and administrative reforms to improve decision making efficiency; banks are urged to deepen participation in financial inclusion initiatives and coordinate with reform measures so that banking intermediation amplifies inclusive growth across public and private sectors.

Reference rate for US dollar updated; governs conversion basis for other currency exchange rates and SDR Rupee rate.
The Reserve Bank of India declared the Reference Rate for the US Dollar for September 1, 2016 and disclosed the prior day's rate; it also published corresponding Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen based on that reference and stated that the SDR Rupee rate will be derived from the published reference rate.

Foreign Direct Investment liberalisation: expanded automatic route permissions and raised caps in defence, aviation, pharma, broadcasting.
The document summarises liberalisation of the Foreign Direct Investment (FDI) policy: 100% automatic-route FDI for food products made in India and expanded automatic permissions for broadcasting carriage services; defence FDI beyond 49% permitted via government approval where it secures modern technology and applied to small arms manufacturing; brownfield pharmaceuticals allowed 74% automatic FDI; brownfield airports permitted 100% automatic FDI; private security companies allowed 49% automatic FDI; removal of controlled-conditions for certain animal husbandry activities; and relaxed sourcing and licensing conditions for single brand retail and office establishments where sectoral approvals exist.

Reference rate for US Dollar published, with cross-currency rupee rates for euro, pound and yen and SDR linkage.
The Reserve Bank published the reference rate for the US Dollar and, using that rate with middle cross currency quotes, provided rupee exchange rates for the euro, pound sterling and yen, and specified that the SDR Rupee rate will be based on the published reference rate.

Reference exchange rate published for US dollar; derived euro, pound and yen rates and SDR conversion noted.
Reserve Bank of India published the daily Reference Rate for the US Dollar and, using that rate with middle cross-currency quotes, provided exchange rates for the Euro, British Pound and Japanese Yen, noting the prior day's rate for comparison and that the SDR-Rupee rate will be based on the published reference rate.

Government securities auction: multiple stocks offered via multiple-price method, with electronic bidding windows and reserved non-competitive allotment.
Multiple Central Government securities are announced for sale/re-issue by auction using the multiple price method, with each stock designated as price-based or yield-based and specified notified amounts. Up to 5% of each notified amount is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically via the Reserve Bank of India's E-Kuber system within prescribed time windows on the auction date; results and settlement dates are announced. The stocks are eligible for When Issued trading under the Reserve Bank's guidelines.

Reference rate publication sets exchange benchmarks for dollar and cross-currency rates, determining SDR Rupee valuation on specified dates.
Publication of a reference exchange rate for the US dollar establishes the benchmark for rupee conversions on the specified date. Using that US dollar reference rate and middle cross-currency quotes, the Reserve Bank provided rupee equivalents for the euro, pound sterling and Japanese yen. The notice states that the SDR Rupee rate will be based on the published reference rate, linking SDR valuation to the announced benchmark.

Debt market liberalization: broaden participation and product innovation while preserving prudential safeguards to deepen liquidity.
Policy measures aim to deepen fixed-income markets by expanding institutional participation, allowing moderate open positions for market participants, promoting Masala bonds and FPI access, and encouraging innovation under a regulatory sandbox. Infrastructure support includes building benchmarks via FBIL, enabling corporate bonds as central bank repo collateral through RBI Act amendment, clarifying netting to reduce capital charges, and permitting bank credit enhancement for infrastructure bonds with commensurate capital requirements, all while maintaining prudential safeguards against systemic risk.

Bank governance reform: strengthen boards, grant managerial autonomy and clean up balance sheets to restore stability.
Immediate priority is to clean up bank balance sheets and address asset quality stress in public sector banks, with recapitalisation required to meet provisioning, Basel III and accounting migration needs. Complementary governance reforms include stronger board selection and oversight through the Bank Board Bureau, separation of Chairman and CEO roles, milestone linked longer CEO tenures and orderly succession, and enhanced managerial and HR autonomy to align incentives. Boards must set a clear risk appetite, enforce a three lines of defence, strengthen fraud controls including a fraud registry and quick response, centralize KYC/AML surveillance, and oversee technology and cybersecurity risks.

Reference Rate for US dollar published; corresponding euro, pound and yen exchange rates and SDR rupee basis announced.
The Reserve Bank of India published the Reference Rate for the US dollar for August 26, 2016, noted the previous day's rate for comparison, and, using that reference and middle cross currency quotes, provided exchange rates for the euro, pound sterling and Japanese yen against the rupee; it further specifies that the SDR rupee rate will be based on the reference rate.

Reference Rate for US dollar influences cross-currency rupee rates and sets SDR rupee linkage, published officially.
The publication establishes the Reference Rate for the US dollar, compares it with the previous day, and uses that Reference Rate together with middle rates of cross-currency quotes to derive rupee exchange rates for the euro, pound sterling and yen; it further states that the SDR rupee rate will be based on the published Reference Rate.