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12 August 2026 · verified exam-relevant news
Latest digest · 12 August 2026
Curated from PIB, RBI, All India Radio and verified national sources — organised for UPSC, SSC, Banking, Railway and State-PSC revision.
24 verified current-affairs updates for major exams.
The US Federal Reserve is expected to keep interest rates unchanged at its September meeting following two consecutive months of easing inflation data. However, persistent underlying inflation pressures mean a future ra…
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Bank deposits recorded their fastest growth in nearly a decade by July 2024, driven by NRI foreign currency deposits crossing $37 billion. Total inflows reached nearly $41 billion by July 31, while bank credit growth ac…
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SEBI has proposed allowing Foreign Portfolio Investors (FPIs) to trade in physically settled non-agricultural commodity derivatives in India, requiring settlement before the tender period. This strategic move aims to de…
Read full storyThe RBI announced an Overnight Variable Rate Reverse Repo (VRRR) auction of ₹75,000 crore on August 12, 2026, with a 1-day tenor and reversal on August 13, 2026. The auction window operates from 09:30 AM to 10:00 AM. Th…
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The US-Iran conflict has triggered significant oil market volatility after Iran shut down the Strait of Hormuz, a critical global oil chokepoint. President Trump's inconsistent statements have amplified uncertainty, yet…
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Fitch Ratings maintained India's sovereign credit rating at BBB- with a stable outlook, citing robust economic growth and strong external finances as balancing factors against fiscal weaknesses and energy price shocks.…
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India and the Southern African Customs Union (SACU) will soon sign terms of reference to begin trade pact negotiations by September, aiming to conclude talks within one year. India and Namibia have identified critical m…
Read full storyThe RBI announced a 3-day Variable Rate Reverse Repo (VRRR) auction of ₹1.25 lakh crore on August 11, 2026, to absorb surplus liquidity from the banking system. The auction window operates from 9:30 AM to 10:00 AM with…
Read full storyThe Government of India announced the auction of four dated securities totaling ₹32,000 crore on August 14, 2026, with settlement on August 17, 2026. The securities include New GS 2029 (₹11,000 crore), New GS 2033 (₹11,…
Read full storyThe Reserve Bank of India released Money Supply data for the fortnight ended July 31, 2026, via Press Release 2026-2027/851. This periodic monetary data tracks key aggregates like M3, reserve money, and currency with pu…
Read full storyThe RBI announced the premature redemption price for Sovereign Gold Bonds (SGB) 2019-20 Series IX and 2020-21 Series V, due on August 11, 2026. The redemption price is fixed at ₹14,957 per unit, calculated as the simple…
Read full storyRBI's Money Market Operations on August 7, 2026, show total overnight segment volume at ₹6,13,168.96 crore with weighted average rate of 4.97%. Triparty Repo dominated at ₹4,10,804.20 crore (4.96%), while SDF absorption…
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By August 7, Kharif sowing reached 87.7% of the normal seasonal average as rainfall deficits narrowed, though rice and pulses acreage remains below last year's levels. Reservoir storage has improved significantly due to…
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India plans to increase rice usage for ethanol production as maize and sugarcane acreage declines this Kharif season. The government's healthy rice stocks provide a buffer, while soaring sugar prices due to output fears…
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The government plans to revamp the five-decade-old Integrated Child Development Services (ICDS) programme by upgrading Anganwadi centres, strengthening nutrition delivery, and empowering frontline workers. Proposed chan…
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The government is considering raising the FDI approval threshold for CCEA clearance from Rs 5,000 crore to Rs 15,000 crore to improve ease of doing business. It is also evaluating relaxed downstream investment norms to…
Read full storyUnion Home Minister Amit Shah inaugurated NUCFDC's new Mumbai office and launched the 'Sahkar Nav-Kranti' programme, unveiling the Security Operations Centre and 'Bank in a Box' platform for 1,400 Urban Cooperative Bank…
Read full storyAPEDA facilitated the first-ever commercial sea export of 18 MT of GI-tagged Mithila Makhana from BIADA Industrial Area, Bihta, Bihar to Australia. The consignment sourced from Darbhanga farmers fetched 18% higher retur…
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The government confirmed UPI will remain free for consumers, with most merchant transactions also free. Any future Merchant Discount Rate (MDR) will apply only to select high-value merchant transactions above a threshol…
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SEBI has expressed optimism about India's financial markets, citing strong domestic fundamentals such as robust consumer demand and proactive government spending as key growth drivers. However, the regulator cautioned t…
Read full storyRBI's Weekly Statistical Supplement (Jul 31, 2026) shows India's forex reserves at $692.87 billion, rising $10.5 billion weekly. Gold reserves fell $10.65 billion since March 2026 while SDRs rose marginally. Scheduled c…
Read full storyRBI has released draft directions for a revised Credit Valuation Adjustment (CVA) Framework, 2026, updating the 2011 guidelines based on final Basel III standards. The new framework permits banks to adopt the Basic Appr…
Read full storyThe Reserve Bank of India (RBI) has released the draft Eleventh Amendment Directions, 2026, proposing amendments to Chapter VII (Leverage Ratio Framework) of the Prudential Norms on Capital Adequacy Directions, 2025. Th…
Read full storyRBI conducted money market operations on August 6, 2026, with a net liquidity absorption of ₹3,72,009 crore. Key operations included a 4-day Variable Rate Reverse Repo (VRRR) of ₹1,30,286 crore at 5.24%, MSF borrowing o…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 12 August 2026.
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