Economy and Finance
Overnight VRRR auction of 20 August 2026: Rs 1,00,032 crore accepted with partial acceptance at cut-off
20 August 2026 | Reserve Bank of India
In the overnight Variable Rate Reverse Repo (VRRR) auction held on 20 August 2026, against a notified amount of Rs 1,00,000 crore, offers of Rs 1,36,732 crore were received and Rs 1,00,032 crore was accepted.
The cut-off rate and weighted average rate were 5.24 per cent, with partial acceptance of 72.31 per cent of offers received at the cut-off rate.
Key facts- Notified: Rs 1,00,000 crore
- Offers received: Rs 1,36,732 crore
- Accepted: Rs 1,00,032 crore
- Partial acceptance at cut-off: 72.31%
Exam takeaway: Offers exceeded the notified amount, hence partial acceptance.
Quick revision: RBI overnight VRRR of 20 August (RBI).
Reserve Bank of India original sourceGovernment Schemes
Piyush Goyal in Singapore: 4th India-Singapore Ministerial and Business Roundtables
20 August 2026 | Press Information Bureau
PIB said Commerce and Industry Minister Piyush Goyal called on Singapore Prime Minister Lawrence Wong at the Istana on 20 August 2026 and took part in the 4th India-Singapore Ministerial Roundtable (ISMR) and the 4th India-Singapore Business Roundtable (ISBR). An MoU signing ceremony followed.
In the afternoon he held Government-to-Business (G2B) meetings with leaders including the Global Finance & Technology Network (GFTN).
Key facts- Visit date: 20 August 2026
- Met: Singapore PM Lawrence Wong
- Events: 4th ISMR and 4th ISBR
- Venue of roundtables: Hotel Shangri-La
Exam takeaway: ISMR stands for India-Singapore Ministerial Roundtable.
Quick revision: Goyal at India-Singapore roundtables (PIB, 20 August 2026).
Press Information Bureau original sourceAppointments, Awards and Important Days
S. Somanath appointed, Anand Mahindra re-appointed as non-official Directors on RBI Central Board
20 August 2026 | The Hindu BusinessLine (media report; primary page not read)
The Hindu BusinessLine reported that the Central government appointed former ISRO Chairman Somanath Sreedhara Panicker (S. Somanath) and re-appointed industrialist Anand Gopal Mahindra as part-time, non-official Directors on the Central Board of the Reserve Bank of India.
The appointments are for four years from 20 August 2026 or until further orders, whichever is earlier.
Key facts- New non-official Director: S. Somanath, former ISRO Chairman
- Re-appointed: Anand Mahindra
- Term: four years from 20 August 2026
- Type: part-time, non-official Directors
Exam takeaway: The Central Board of the RBI includes non-official Directors nominated by the Government.
Quick revision: RBI Central Board appointments (The Hindu BusinessLine, 20 August 2026).
The Hindu BusinessLine (media report; primary page not read) original source