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5 June 2026 · Daily Current Affairs

5 June 2026, sources dated 5 June 2026 research cutoff

2 verified stories · 4 notes pages · 7 original MCQs

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Contents

RBI MPC keeps repo rate unchanged at 5.25%; GDP growth projected at 6.6% for 2026-27

Swaminathan Janakiraman re-appointed RBI Deputy Governor for two years

Banking and RBI

RBI MPC keeps repo rate unchanged at 5.25%; GDP growth projected at 6.6% for 2026-27

5 June 2026 | Reserve Bank of India and The Hindu

The RBI Governor's Statement of 5 June 2026 says the Monetary Policy Committee, which met on 3, 4 and 5 June, voted unanimously to keep the policy repo rate under the LAF unchanged at 5.25 per cent. The SDF rate remains 5.00 per cent and the MSF rate and Bank Rate 5.50 per cent. The MPC continued with the neutral stance.

The RBI's resolution projects real GDP growth for 2026-27 at 6.6 per cent (Q1 6.6, Q2 6.3, Q3 6.5, Q4 6.8 per cent). The Hindu reported that this is down from the earlier 6.9 per cent, and that CPI inflation for 2026-27 is projected at 5.1 per cent, 50 basis points higher than earlier, with core inflation at 4.7 per cent.

Key facts
  • Repo rate: 5.25% (unchanged, unanimous); stance: neutral
  • SDF 5.00%; MSF and Bank Rate 5.50%
  • GDP growth 2026-27: 6.6% (earlier 6.9%, per The Hindu)
  • CPI inflation 2026-27: 5.1%, up 50 bps (per The Hindu)

Exam takeaway: Repo rate is the rate at which RBI lends to banks; the SDF rate is repo minus 0.25 percentage point here.

Quick revision: RBI MPC 5 June 2026: repo 5.25% unchanged, neutral stance, GDP 6.6% (RBI; The Hindu).

Reserve Bank of India and The Hindu original source

Appointments, Awards and Important Days

Swaminathan Janakiraman re-appointed RBI Deputy Governor for two years

5 June 2026 | The Indian Express

The Indian Express reported that the Centre re-appointed Swaminathan Janakiraman as Deputy Governor of the Reserve Bank of India for two years, as the central bank said on Friday, 5 June 2026. His term begins from 26 June.

He was first named Deputy Governor in June 2023; before that he was a managing director at State Bank of India.

Key facts
  • Appointed: Swaminathan Janakiraman, RBI Deputy Governor (re-appointment)
  • Term: two years from 26 June 2026
  • First named: June 2023
  • Earlier role: Managing Director, State Bank of India

Exam takeaway: RBI Deputy Governors are appointed by the Central Government.

Quick revision: Swaminathan J re-appointed RBI Deputy Governor for two years from 26 June (Indian Express).

The Indian Express original source