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Home Current Affairs 12 June 2026 Daily Current Affairs: RBI Policy Rates, GDP Forecast, and Joint Military Exercises

12 June 2026 Daily Current Affairs: RBI Policy Rates, GDP Forecast, and Joint Military Exercises

General 📅 Published on: June 12, 2026 ⏱️ 3 min read
Daily Current Affairs for June 12, 2026: Important GK updates for UPSC, SSC, Banking, and Railways. Today's highlights include RBI Repo Rate decisions, World Bank GDP projections, and joint exercise Nomadic Elephant.

National & International News Highlights

Today's top current affairs updates cover key economic decisions, international relations, and major achievements across fields. These updates are crucial for upcoming competitive examinations such as UPSC CSE, SSC CGL, SBI PO, and State PSCs.

1. RBI Monetary Policy Committee (MPC) Meeting Outcomes

The Reserve Bank of India (RBI) Governor announced the decisions of the bi-monthly Monetary Policy Committee meeting. Key rates remain aligned with growth targets while managing inflation pressures:

  • Repo Rate: Unchanged at 6.50%
  • Reverse Repo Rate: 3.35%
  • MSF & Bank Rate: 6.75%
  • GDP Growth Forecast: Projected at 7.2% for the financial year 2026-27.

2. World Bank Projections for India's GDP Growth

In its latest Global Economic Prospects report, the World Bank has projected India's economic growth rate at 6.8% for the fiscal year 2026-27, citing strong domestic demand, robust public investment, and services sector growth. This makes India the fastest-growing major economy globally.

3. Exercise 'NOMADIC ELEPHANT' 2026 Commences

The joint military exercise 'Nomadic Elephant' between the Indian Army and the Mongolian Armed Forces commenced at Ulaanbaatar. The 15-day exercise is designed to enhance interoperability in counter-terrorism operations under the UN mandate.

Daily Current Affairs Quiz - June 12, 2026

Test your knowledge with today's multiple-choice questions based on the latest current affairs:

S.No. Question Options Correct Answer
1 What is the current Repo Rate as of June 2026? A) 6.25% | B) 6.50% | C) 6.75% | D) 7.00% B) 6.50%
2 Where is the joint exercise 'Nomadic Elephant' 2026 being held? A) India | B) Mongolia | C) Russia | D) France B) Mongolia
3 Which organization released the Global Economic Prospects report? A) IMF | B) World Bank | C) WEF | D) ADB B) World Bank
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