Banking and RBI
RBI's USD 5 billion three-year swap draws bids of nearly USD 10 billion; cut-off premium Rs 9.10
26 May 2026 | Reuters via MarketScreener
Reuters reported on 26 May 2026 that the RBI's three-year dollar/rupee buy/sell swap, announced on 20 May, drew bids of nearly USD 10 billion, almost twice the USD 5 billion on offer. In all, 254 bids were received, worth USD 9.8 billion, and the RBI accepted 141 of them. The premium cut-off was Rs 9.10.
Reuters added that the three-year forward premium fell to about Rs 9 from about Rs 9.25 after the results. The RBI's own result page was not read for this edition, so the figures are attributed to Reuters.
Key facts- Auction: 26 May 2026; USD 5 billion, three-year buy/sell swap
- Bids: 254 received (total USD 9.8 billion); 141 accepted
- Premium cut-off: Rs 9.10 (per Reuters)
- Near leg 29 May 2026; far leg 29 May 2029
Exam takeaway: A buy/sell swap adds rupee liquidity now; the RBI sells dollars back at the far leg.
Quick revision: RBI USD 5 bn 3-yr swap on 26 May: bids ~USD 9.8 bn, cut-off premium Rs 9.10 (Reuters).
Reuters via MarketScreener original sourceBanking and RBI
RBI State Government Securities auction of 26 May 2026: cut-off yields about 7.80 to 7.87 per cent
26 May 2026 | Reserve Bank of India
The RBI published the full result of the State Government Securities auction held on 26 May 2026. In the part read, Assam SGS 2041 (Rs 750 crore notified) had a cut-off yield of 7.8700 per cent, Bihar SGS 2035 (Rs 1,200 crore) 7.8004 per cent, Bihar SGS 2041 (Rs 1,200 crore) 7.84 per cent, and Chhattisgarh SGS 2036 (Rs 500 crore) 7.7900 per cent.
Competitive bids received for Assam SGS 2041 totalled Rs 1,800 crore, of which Rs 713.943 crore was accepted.
Key facts- Auction date: 26 May 2026
- Assam SGS 2041: cut-off yield 7.8700%
- Bihar SGS 2035: 7.8004%; Bihar SGS 2041: 7.84%
- Chhattisgarh SGS 2036: 7.7900%
Exam takeaway: State Government Securities, or State Development Loans, are bonds issued by States through RBI auctions.
Quick revision: RBI SGS auction 26 May 2026: cut-off yields 7.79% to 7.87% (RBI).
Reserve Bank of India original sourceNational and International Affairs
Government constitutes High-level Committee under the Demography Mission, chaired by Justice Prakash Prabhakar Navlekar (Retd.)
26 May 2026 | Press Information Bureau
PIB said a High-level Committee was set up on 26 May 2026 under the 'High-powered Demography Mission' that the Prime Minister had announced on 15 August 2025. It is chaired by Justice Prakash Prabhakar Navlekar (Retd.), with the Census Commissioner, Durga Shankar Mishra (Retd. IAS), Balaji Srivastava (Retd. IPS) and Dr Shamika Ravi as members.
As described in the release, the Committee will conduct a comprehensive assessment of demographic changes across India linked to illegal immigration and other abnormal reasons. The release carries the Home Minister's statements on the issue.
Key facts- Constituted: 26 May 2026, under the High-powered Demography Mission
- Chair: Justice Prakash Prabhakar Navlekar (Retd.)
- Members include: Census Commissioner, D. S. Mishra, Balaji Srivastava, Dr Shamika Ravi
- Mission announced: 15 August 2025
Exam takeaway: A committee's findings are recommendations; its terms of reference are set by the Government.
Quick revision: High-level Committee under Demography Mission constituted 26 May 2026; chair Justice Navlekar (PIB).
Press Information Bureau original source