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2 August 2026 · verified exam-relevant news
Latest digest · 2 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.
Japan's Finance Minister is set to announce a joint currency intervention with the United States to support the yen, which has fallen to its weakest level in 40 years. This marks the first coordinated yen-buying operati…
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Union Textiles Minister Giriraj Singh emphasized the Rs 5,659 crore Cotton Productivity Mission to enhance farm productivity and fibre quality. Cotton Corporation of India procured over 522 lakh quintals of seed cotton,…
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The Centre released Rs 1.09 lakh crore to states on August 1, advancing the regular monthly tax devolution which was originally scheduled for August 10. This early disbursement provides states with an immediate fiscal b…
Read full storyThe RBI's Weekly Statistical Supplement (July 17, 2026) reveals India's foreign exchange reserves at $676.2 billion, up $1.08 billion weekly but down $19.3 billion year-on-year. Foreign Currency Assets rose to $551.1 bi…
Read full storyOn July 23, 2026, RBI conducted liquidity operations under LAF with MSF at 5.50% (₹483 crore) and SDF at 5.00% (₹1,85,102 crore), resulting in net liquidity absorption of ₹1,84,619 crore. The overnight money market segm…
Read full storyThe RBI conducted a government securities auction for New GS 2041 and 7.43% GS 2076, accepting the full notified amounts of ₹17,000 crore and ₹11,000 crore respectively. The cut-off yield for New GS 2041 was 7.06%, whil…
Read full storyRBI conducted government securities auction for New GS 2041 and 7.43% GS 2076 with notified amounts of ₹17,000 crore and ₹11,000 crore respectively. The auction saw strong demand with competitive bids received at 2.9x a…
Read full storyRBI conducted an Additional Competitive Underwriting (ACU) auction on July 24, 2026, for two government securities: New GS 2041 (₹17,000 crore) and 7.43% GS 2076 (₹11,000 crore). The cut-off commission rates were set at…
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India and Israel concluded the second round of Free Trade Agreement (FTA) negotiations, covering goods, services, customs, intellectual property, and technical standards. Both sides held constructive discussions and rea…
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ICICI Bank raised $1 billion via a 5-year dollar bond, the largest such issue by an Indian private lender in nearly 14 years. The bond was priced at 100 basis points over US Treasuries, tighter than initial guidance, an…
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India's new ecommerce export reforms aim to transform thousands of MSMEs into global exporters by linking small-town manufacturers with overseas buyers via platforms like Amazon and Flipkart. The policy integrates with…
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On Friday, the Indian rupee avoided a record low after the Reserve Bank of India intervened through state-run banks selling dollars to counter pressure from rising oil prices and increased corporate hedging. This timely…
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The European Central Bank (ECB) is considering raising minimum reserve requirements for commercial banks to reduce interest payments by the Eurosystem, potentially saving nearly €4 billion annually. This move aims to ad…
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India will launch a common customer ID system for banks and insurers starting August 2025 under the Central KYC 2.0 framework, with mutual funds joining later. This initiative allows customers to authorize data access o…
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State Bank of India plans to issue its first rupee-denominated perpetual debt of 2026, aiming to raise ₹5,000 crore within two weeks. The Basel III-compliant bonds carry a five-year call option and are expected to be co…
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India's private sector growth hit a 4-year low in July as the HSBC Flash India Composite PMI fell to 54.3 from 57.1 in June, driven by a sharp services sector slowdown. Compiled by S&P Global, the index remains above th…
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India's private sector growth hit a four-year low in July 2024, with both manufacturing and services sectors slowing due to weaker demand and declining new orders. The S&P Global India Composite PMI fell to 58.1 from 60…
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The Reserve Bank of India intervened in the foreign exchange market by selling US dollars to prevent the rupee from hitting a record low. This move came amid surging global crude oil prices driven by escalating geopolit…
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India concluded its 8th Trade Policy Review at the WTO, where members acknowledged its constructive engagement and economic resilience. India reaffirmed commitment to transparent, WTO-consistent trade policies and pushe…
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SEBI has proposed transferring the administration of Online Dispute Resolution (ODR) from its direct oversight to Market Infrastructure Institutions (MIIs) like stock exchanges and depositories. This structural shift ai…
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The United States has imposed a 10% tariff on imports from India and 16 other nations, including Pakistan, Bangladesh, and the UK, following a forced labor investigation. The move targets countries that failed to ban im…
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The Securities and Exchange Board of India (Sebi) has introduced a fast-track process for securities transmission, aimed at simplifying the claims process for investors. This new framework eliminates the need for probat…
Read full storyThe Government of India has announced a buyback of dated securities worth ₹20,000 crore through auction, which is significant for managing public debt and liquidity in the economy. The buyback includes securities maturi…
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EAC-PM Chairman S Mahendra Dev emphasized the need for India to shift agricultural policies from production-centric to income-centric approaches, highlighting crop diversification and market reforms as key drivers. He s…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 2 August 2026.
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