ABSTRACT. We present spectrograph design details and initial radial velocity results from the PRL optical fiberfed high-resolution cross-dispersed echelle spectrograph (PARAS), which has recently been commissioned at the Mount Abu 1.2 m telescope in India. Data obtained as part of the postcommissioning tests with PARAS show velocity precision better than 2 m s À1 over a period of several months on bright RV standard stars. For observations of σ Dra, we report 1:7 m s À1 precision for a period of 7 months, and for HD 9407, we report 2:1 m s À1 over a period of 2 months. PARAS is capable of single-shot spectral coverage of 3800-9500 Å at a resolution of ∼67; 000. The RV results were obtained between 3800 and 6900 Å using simultaneous wavelength calibration with a thorium-argon (ThAr) hollow cathode lamp. The spectrograph is maintained under stable conditions of temperature with a precision of 0.01-0.02°C (rms) at 25.55°C and is enclosed in a vacuum vessel at pressure of 0:1 AE 0:03 mbar. The blaze peak efficiency of the spectrograph between 5000 and 6500 Å, including the detector, is ∼30%; it is ∼25% with the fiber transmission. The total efficiency, including spectrograph, fiber transmission, focal ratio degradation (FRD), and telescope (with 81% reflectivity) is ∼7% in the same wavelength region on a clear night with good seeing conditions. The stable point-spread function (PSF), environmental control, existence of a simultaneous calibration fiber, and availability of observing time make PARAS attractive for a variety of exoplanetary and stellar astrophysics projects. Future plans include testing of octagonal fibers for further scrambling of light and extensive calibration over the entire wavelength range up to 9500 Å using thorium-neon (ThNe) or uranium-neon (UNe) spectral lamps. Thus, we demonstrate how such highly stabilized instruments, even on small aperture telescopes, can contribute significantly to the ongoing radial velocity searches for low-mass planets around bright stars.