Reserve Bank Of India
Official policy releases, schemes, circulars, and Prelims practice questions from Reserve Bank Of India distilled for UPSC Civil Services Examination.
🎯 Reserve Bank Of India UPSC Practice Questions
🎯 UPSC Prelims Practice Drill
With reference to India's foreign exchange management, consider the following statements regarding the impact of foreign currency inflows on the Indian Rupee: 1. A significant surplus in the balance of payments automatically leads to the appreciation of the Indian Rupee. 2. The Reserve Bank of India's absorption of foreign currency inflows into its reserves directly increases the supply of dollars in the domestic market, thereby supporting rupee appreciation. 3. If the Reserve Bank of India uses foreign currency inflows to unwind its forward positions, it can lead to an appreciation of the Indian Rupee. Which of the statements given above is/are correct?
- [A] 1 and 2 only
- [B] 3 only
- [C] 1 and 3 only
- [D] 2 and 3 only
▶ Reveal Official Answer & Analytical Explanation
✓ Correct Option: [B] 3 only
Statement 1 is incorrect. The text states that while market sentiment may be positive, a balance of payments surplus may not necessarily mean the rupee will appreciate, as the impact depends on the RBI's actions. Statement 2 is incorrect. If the RBI absorbs dollars into its reserves, it does not increase the supply of dollars in the market. Statement 3 is correct. The text explicitly mentions that if the RBI uses incoming dollars to unwind its forward positions, it puts those dollars into the system, which can lead to rupee appreciation.
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🎯 UPSC Prelims Practice Drill
During the 624th meeting of the Central Board of the Reserve Bank of India, which of the following items was NOT mentioned as being reviewed by the Board?
- [A] The current economic situation and risks to the economic outlook
- [B] The functioning of the RBI's Ombudsman Scheme
- [C] Monetary policy rate decisions
- [D] Global and domestic challenges
▶ Reveal Official Answer & Analytical Explanation
✓ Correct Option: [C] Monetary policy rate decisions
The meeting minutes state that the Board reviewed the economic situation, global and domestic challenges, risks to the outlook, and the functioning of its Committees and the Ombudsman Scheme. Monetary policy rate decisions were not mentioned, making option C the correct answer.
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Official Policy Notifications & Dossiers
30 Briefs-
RBI
RBI Bulletin – October 2026
- Combining satellite-based night-time light data and Google Trends search behaviour improves the nowcast accuracy of quarterly Gross State Value Added (GSVA) growth compared to univariate approaches, offering real-time monitoring of state-level economies.
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RBI
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal – Extension of period
- The Reserve Bank of India extended directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for The Suri Friends’ Union Co-operative Bank Ltd., West Bengal.
- The directive's operation is extended for an additional three months from the close of business on October 22, 2026, to January 22, 2027, subject to review.
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RBI
Minutes of the Monetary Policy Committee Meeting, October 5 to 7, 2026
- The Monetary Policy Committee voted unanimously to increase the policy repo rate by 25 basis points to 5.50 per cent and changed its stance to calibrated tightening.
- Real GDP growth for 2026-27 is projected at 7.1 per cent, supported by strong private consumption, fixed investment, and robust merchandise and services exports.
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RBI
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Konark Urban Co-operative Bank Ltd., Ulhasnagar – Extension of Period
- The Reserve Bank of India extended directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, on The Konark Urban Co-operative Bank Ltd., Ulhasnagar.
- The directive's operation was extended for a further period of three months from October 23, 2026, to January 23, 2027, subject to review in public interest.
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RBI
Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract
- The Reserve Bank of India's Weekly Statistical Supplement provides critical data on monetary aggregates, foreign exchange reserves, scheduled commercial bank business, and liquidity operations. As per the Banking Laws (Amendment) Act, 2025, the reporting definition of a financial fortnight has been formally revised from alternate Fridays to the 15th and last calendar day of a month. Broad money (M3) growth and aggregate deposit trends serve as foundational indicators for macro-prudential surveillance and monetary policy transmission.
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RBI
RBI approves amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited
- The Reserve Bank of India sanctioned the Scheme of Amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited under Section 44A of the Banking Regulation Act, 1949.
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RBI
Auction of 91-Day, 182-Day and 364-Day Treasury Bills
- Retail investors can participate on a non-competitive basis up to a maximum of 5 percent of the notified amount through the Retail Direct portal.
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RBI
Auction of State Government Securities
- State Governments have offered to sell stock through an auction for an aggregate amount of ₹24,400 Crore, to be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system.
- Eligible individuals and institutions can participate under the Non-competitive Bidding Facility via the RBI Retail Direct portal, with stocks issued for a minimum nominal amount of ₹10,000.00 and multiples thereof.
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RBI
Conversion/Switch of Government of India Securities
- The Government of India announced a conversion/switch auction of its securities for an aggregate face value amount of ₹20,000 crore, conducted through the Reserve Bank of India's e-Kuber platform.
- The auction follows a multiple-price based mechanism where successful bids are accepted at their respective quoted prices, with settlement occurring on a T+1 basis.
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RBI
RBI Working Paper No. 01/2026: Data Gaps in State-Level Inflation: An Assessment for the Covid Period
- The Reserve Bank of India published a working paper addressing data gaps in State-level inflation during the Covid period by utilizing the Inflation Expectations Survey of Households (IESH).
- Official State-wise inflation figures remained unavailable for four specific pandemic months: April and May 2020 and April and May 2021.
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RBI
Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract
- The Reserve Bank of India's Weekly Statistical Supplement provides critical macroeconomic data on scheduled commercial banks, money stock components, and foreign exchange reserves.
- Banking sector data indicates steady expansion in aggregate deposits and non-food credit, reflecting prevailing liquidity conditions and credit demand in the economy.
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RBI
Auction of 91-Day, 182-Day and 364-Day Treasury Bills
- The Reserve Bank of India announced the auction of Government of India Treasury Bills using the multiple price auction method.
- Non-competitive bidding is available for eligible entities and retail investors, with retail allocation restricted to a maximum of 5 percent of the notified amount.
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RBI
RBI announces OMO Sale of Government of India Securities
- The Reserve Bank of India announced an OMO sale auction of Government of India securities for an aggregate amount of ₹25,000 crore on October 13, 2026.
- Eligible participants must submit bids electronically through the RBI Core Banking Solution (E-Kuber) system.
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RBI
RBI Announces Regulatory Measures for the Foreign Exchange Market
- The Reserve Bank of India has restricted Authorised Dealers from permitting users to rebook cancelled foreign exchange derivative contracts involving INR, while continuing to allow rollovers on maturity subject to extant provisions.
- The threshold for foreign exchange derivative transactions and exchange-traded currency derivatives taken without establishing underlying exposure has been reduced from USD 100 million equivalent to USD 5 million equivalent.
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RBI
RBI announces special window for Public Sector Oil Marketing Companies to meet dollar requirements
- The Reserve Bank of India has decided to open a special window to supply the entire daily dollar requirements of three public sector oil marketing companies (OMCs).
- The designated OMCs under this facility are Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, and Bharat Petroleum Corporation Limited.
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RBI
RBI launches Quarterly Order Books, Inventories and Capacity Utilisation Survey: July – September 2026 (Round 75)
- The survey collects quantitative data on new orders, backlog of orders, pending orders, item-wise production, and total inventories with a breakup of finished goods (FG), work-in-progress (WiP), and raw material (RM) to estimate capacity utilisation (CU).
- The findings of the OBICUS provide valuable input for the formulation of the Reserve Bank of India's monetary policy.
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RBI
Auction of State Government Securities
- State Governments are offering to sell securities (State Development Loans) for an aggregate amount of ₹31,200 Crore through auctions conducted on the Reserve Bank of India's Core Banking Solution (E-Kuber) system.
- These State Government Stocks are governed by the Government Securities Act, 2006 and are recognized as eligible investments for banks to meet their Statutory Liquidity Ratio (SLR) targets under Section 24 of the Banking Regulation Act, 1949.
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RBI
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Samarth Urban Co-operative Bank Ltd., Osmanabad (Maharashtra), – Extension of Period
- The Reserve Bank of India (RBI) extended its regulatory directions on Samarth Urban Co-operative Bank Ltd. under Section 35A read with Section 56 of the Banking Regulation Act, 1949, highlighting ongoing supervisory intervention in stressed cooperative lenders.
- Section 35A empowers the RBI to issue directions to banking entities to prevent their affairs from being conducted in a manner detrimental to the interests of depositors or prejudicial to the banking entity itself.
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RBI
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Motiram Agrawal Jalna Merchants Co-operative Bank Ltd, Jalna – Extension of Period
- The Reserve Bank of India extended directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for Motiram Agrawal Jalna Merchants Co-operative Bank Ltd, Jalna, for a further period of three months from October 10, 2026, to January 10, 2027.
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RBI
RBI appoints Shri Sudhakar Malli as new Executive Director
- The Reserve Bank of India appointed Shri Sudhakar Malli as its new Executive Director effective October 1, 2026.
- He will look after the Department of Supervision (Supervisory Assessment), leveraging his extensive experience in supervising banks, NBFCs, and co-operative banks.
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RBI
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The Industrial Co-operative Bank Ltd., Guwahati – Extension of period
- The Reserve Bank of India (RBI) has extended its regulatory directions issued to The Industrial Co-operative Bank Ltd., Guwahati, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for an additional three months.
- Section 35A of the Banking Regulation Act empowers the central bank to issue directions to banking companies to prevent the affairs of any banking institution from being conducted in a manner detrimental to the interests of the depositors.
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RBI
Auction of 91-Day, 182-Day and 364-Day Treasury Bills
- The Reserve Bank of India announces the auction of Government of India Treasury Bills using a price-based, multiple price method on its Core Banking Solution (E-Kuber system).
- State Governments, Union Territories with legislature, eligible Provident Funds in India, and designated Foreign Central Banks can participate in the auction on a non-competitive basis.
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RBI
Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract
- Under the Banking Laws (Amendment) Act, 2025, the definition of a reporting fortnight for scheduled commercial banks has been revised from alternate Fridays to the 15th and last calendar day of a month.
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RBI
Processing of Applications Received Under the Citizen’s Charter Status as on September 30, 2026
- The Reserve Bank of India (RBI) updated its Citizen's Charter in September 2026 by adding one service under Financial Markets and deleting eight services under Foreign Exchange Management, bringing the total number of services under the Charter to 206.
- To ensure a seamless and user-friendly experience for filing online applications, applicants can access user manuals, FAQs, illustrative infographics, and instructional videos on the PRAVAAH portal.
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RBI
Auction of State Government Securities
- State Governments offered to sell stock by auction for an aggregate amount of ₹25,100 Crore through the Reserve Bank of India Core Banking Solution (E-Kuber) system.
- Up to ten per cent of the notified amount is allocated under the Scheme for Non-competitive Bidding Facility, accessible to individual investors through the Retail Direct portal.
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RBI
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Innovative Co-operative Urban Bank Limited, New Delhi – Extension of Period
- The Reserve Bank of India (RBI) has extended its regulatory directions on Innovative Co-operative Urban Bank Limited under Section 35A read with Section 56 of the Banking Regulation Act, 1949, highlighting the central bank's active intervention in stressed cooperative banks.
- Section 35A empowers the RBI to issue binding directions to banking institutions to prevent their affairs from being conducted in a manner detrimental to the interests of depositors or the banking system.
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RBI
Report of the Advisory Committee on Ways and Means Advances to State Governments
- The Reserve Bank of India placed the Report of the Advisory Committee on Ways and Means Advances (WMA) to State Governments on its website.
- The Advisory Committee was constituted under the Chairmanship of Shri I S N Prasad, former Additional Chief Secretary, Government of Karnataka, to review State-wise WMA limits and other financial accommodation facilities.
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RBI
Detailed Result: OMO Sale Auction held on Sep 28, 2026 and Settlement on Sep 29, 2026
- The Reserve Bank of India conducted an Open Market Operation (OMO) sale auction absorbing ₹25,000 crore through government securities.
- Participant bids totaled ₹67,655 crore against the notified face value amount of ₹25,000 crore, reflecting robust liquidity demand.
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RBI
Issuance Calendar for Marketable Dated Securities for October 2026 - March 2027
- The Reserve Bank of India, in consultation with the Government of India, has released the indicative issuance calendar for marketable dated securities, including Sovereign Green Bonds (SGrBs), for the second half of the fiscal year 2026-27.
- To encourage retail participation, the auctions retain a non-competitive bidding facility reserving 5 percent of the notified amount for specified retail investors.
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RBI
Calendar for Auction of Government of India Treasury Bills
- The Reserve Bank of India, in consultation with the Central Government, released the quarterly auction calendar for Treasury Bills to manage short-term sovereign debt obligations.
- Treasury Bills are short-term zero-coupon debt instruments issued by the Central Government in tenors of 91-day, 182-day, and 364-day to meet immediate liquidity requirements.