Economy and Finance
India's forex reserves at US$ 716.907 billion as on 14 August 2026
Week ended 14 August 2026 (published 21 August) | Reserve Bank of India
RBI's Weekly Statistical Supplement extract shows India's total reserves at US$ 716,907 million (Rs 68,41,778 crore) as on 14 August 2026, up US$ 9,905 million over the week.
This compares with US$ 692,866 million as on 31 July 2026 reported in the 7 August edition.
Key facts- Total reserves: US$ 716,907 mn
- Weekly rise: US$ 9,905 mn
- Reference date: 14 August 2026
- Earlier reading: US$ 692,866 mn (31 July 2026)
Exam takeaway: The rise coincides with FCNR(B) swap inflows.
Quick revision: Forex reserves at US$ 716.907 bn (RBI WSS, 21 August 2026).
Reserve Bank of India original sourceEconomy and Finance
RBI announces auction of Treasury Bills worth Rs 24,000 crore on 27 August 2026
21 August 2026 (announcement) | Reserve Bank of India
The RBI announced an auction of Government of India Treasury Bills: Rs 9,000 crore of 91-day, Rs 8,000 crore of 182-day and Rs 7,000 crore of 364-day bills, a total of Rs 24,000 crore. The auction is scheduled for 27 August 2026 with settlement on 28 August.
Individuals can participate as retail investors on a non-competitive basis. This is an announcement; the result is a separate release.
Key facts- Total notified: Rs 24,000 crore
- 91-day: Rs 9,000 crore
- 182-day: Rs 8,000 crore; 364-day: Rs 7,000 crore
- Auction date (scheduled): 27 August 2026
Exam takeaway: Treasury bills are issued in three tenors: 91, 182 and 364 days.
Quick revision: Rs 24,000 crore T-bill auction announced (RBI, 21 August 2026).
Reserve Bank of India original sourceGovernment Schemes
MeitY notifies Mobile Phone Manufacturing Scheme (MPMS) with Rs 62,500 crore outlay
21 August 2026 | Press Information Bureau
PIB said the Ministry of Electronics and IT (MeitY) notified the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore. It aims to raise global competitiveness through scale and higher Domestic Value Addition (DVA), and to support Indian mobile phone brands.
The release said the scheme is expected to generate around 60,000 direct jobs and cumulative production of approximately Rs 39 lakh crore. Minister Ashwini Vaishnaw said India is poised to see its first strong indigenous mobile brand by mid-2027.
Key facts- Scheme: Mobile Phone Manufacturing Scheme (MPMS)
- Outlay: Rs 62,500 crore
- Expected direct jobs: around 60,000
- Aim: higher Domestic Value Addition and Indian brands
Exam takeaway: MPMS follows the ECMS for components in the electronics series.
Quick revision: MPMS notified with Rs 62,500 crore outlay (PIB, 21 August 2026).
Press Information Bureau original source