Banking and RBI
RBI announces Rs 32,000 crore dated securities auction for 10 July 2026
6 July 2026 | Reserve Bank of India
An RBI release of 6 July 2026 says the Government of India announced the sale (re-issue) of two dated securities for a notified amount of Rs 32,000 crore: 6.36% GS 2031 (Rs 21,000 crore, repayable 16 February 2031) and 7.71% GS 2066 (Rs 11,000 crore, repayable 18 May 2066).
The auction is scheduled for 10 July 2026 with settlement on 13 July 2026. GoI has the option to retain additional subscription of up to Rs 2,000 crore against each security.
Key facts- Notified amount: Rs 32,000 crore
- Securities: 6.36% GS 2031 and 7.71% GS 2066
- Auction date announced: 10 July 2026
- Greenshoe: up to Rs 2,000 crore per security
Exam takeaway: RBI conducts government securities auctions as the Centre's debt manager.
Quick revision: Rs 32,000 crore G-Sec auction announced for 10 July (RBI, 6 July 2026).
Reserve Bank of India original sourceBanking and RBI
RBI announces overnight VRR auction of Rs 50,000 crore on 7 July 2026
6 July 2026 | Reserve Bank of India
The RBI said that, on a review of liquidity conditions, it would conduct an overnight Variable Rate Repo (VRR) auction under the LAF on Tuesday, 7 July 2026, for a notified amount of Rs 50,000 crore with a tenor of 1 day, reversal on 8 July 2026.
The window is 9:30 AM to 10:00 AM, and the operational guidelines are the same as in the RBI press release of 20 January 2022.
Key facts- Notified amount: Rs 50,000 crore
- Tenor: 1 day
- Auction date announced: 7 July 2026
- Reversal: 8 July 2026
Exam takeaway: VRR auctions let the RBI adjust short-term liquidity.
Quick revision: Overnight VRR of Rs 50,000 crore announced for 7 July (RBI, 6 July 2026).
Reserve Bank of India original sourceEconomy and Finance
India's steel sector records growth in Q1 FY 2026-27
6 July 2026 | Press Information Bureau
PIB's steel sector note of 6 July 2026 shows crude steel production of 14.1 million tonnes in June 2026 against 13.5 million tonnes in June 2025 (up 3.9 per cent), and 42.1 million tonnes in April to June 2026 against 40.8 million tonnes a year earlier (up 3.0 per cent).
Finished steel production was 13.8 million tonnes in June 2026 (up 6.0 per cent) and 41.0 million tonnes in April-June 2026 (up 5.9 per cent). The TMT (10 mm) price was Rs 60,068 per tonne in June 2026, down from Rs 63,893 in April.
Key facts- Crude steel, June 2026: 14.1 Mt (up 3.9%)
- Crude steel, Apr-Jun 2026: 42.1 Mt (up 3.0%)
- Finished steel, Apr-Jun 2026: 41.0 Mt (up 5.9%)
- TMT (10 mm) price, June 2026: Rs 60,068 per tonne
Exam takeaway: Steel output is a core industry indicator.
Quick revision: Steel Q1 FY27: crude 42.1 Mt, finished 41.0 Mt (PIB, 6 July 2026).
Press Information Bureau original source