Banking and RBI
State Government Securities auction of 1 September 2026: Assam, Bihar and Chhattisgarh
1 September 2026 | Reserve Bank of India
RBI published the full result of the State Government Securities auction held on 1 September 2026. Assam SGS 2046 (notified Rs 1,000 crore) had a cut-off yield of 7.7585 per cent; Bihar SGS 2035 (Rs 800 crore) 7.6494 per cent; Bihar SGS 2051, a 25-year security (Rs 1,200 crore), 7.76 per cent; and Chhattisgarh SGS 2035 (Rs 500 crore) 7.6403 per cent.
Key facts- Assam SGS 2046 cut-off yield: 7.7585%
- Bihar SGS 2051 cut-off yield: 7.76%
- Bihar SGS 2051 tenor: 25 years
- Chhattisgarh SGS 2035 cut-off yield: 7.6403%
Exam takeaway: SGS are State Government Securities, issued to fund state borrowing.
Quick revision: State securities auction result (RBI, 1 September 2026).
Reserve Bank of India original sourceEconomy and Finance
India's real GDP grows 7.8 per cent in Q1 of 2026-27, PIB review says
1 September 2026 | Press Information Bureau
PIB's review said real GDP growth accelerated to 7.8 per cent in Q1 of 2026-27, the highest Q1 growth in the four years from 2023-24 to 2026-27, while real GVA rose 8.2 per cent. Investment rose 11.9 per cent, household consumption 7.1 per cent and exports 12.0 per cent.
In July, industrial production rose 6.7 per cent, and cumulative merchandise and services exports during April-July rose 13.16 per cent year on year. Credit to industry and services grew 20.0 per cent and 22.9 per cent in July.
Key facts- Real GDP growth, Q1 2026-27: 7.8%
- Real GVA growth: 8.2%
- Investment growth: 11.9%
- Industrial production, July: 6.7%
Exam takeaway: GVA is gross value added, GDP minus net product taxes.
Quick revision: India's Q1 2026-27 GDP growth (PIB, 1 September 2026).
Press Information Bureau original sourceEconomy and Finance
Two VRRR auctions on 1 September 2026: 7-day Rs 1,14,320 crore, overnight Rs 2,59,846 crore
1 September 2026 | Reserve Bank of India
In the 7-day Variable Rate Reverse Repo (VRRR) auction of 1 September 2026, against a notified amount of Rs 6,00,000 crore, offers of Rs 1,14,320 crore were received and all accepted at a cut-off rate of 5.24 per cent.
In the overnight (1-day) VRRR auction held the same day, against a notified amount of Rs 4,00,000 crore, offers of Rs 2,59,846 crore were received and all accepted, also at 5.24 per cent. A separate RBI release on money market operations of 31 August gave the overnight weighted average rate as 4.98 per cent.
Key facts- 7-day VRRR accepted: Rs 1,14,320 crore
- 7-day VRRR notified: Rs 6,00,000 crore
- Overnight VRRR accepted: Rs 2,59,846 crore
- Cut-off rate in both: 5.24%
Exam takeaway: VRRR absorbs liquidity; notified amount and accepted amount can differ.
Quick revision: VRRR results of 1 September 2026 (RBI).
Reserve Bank of India original source Overnight VRRR result (RBI)