Daily Current Affairs 5th August 2026

 

Daily Current Affairs 5th August 2026

 

1. RBI Keeps Repo Rate Unchanged at 5.25%

The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25% in its latest Monetary Policy Committee (MPC) meeting. The decision reflects a cautious approach amid global uncertainties, inflation concerns, and volatile crude oil prices. Stable interest rates are expected to support economic growth while keeping inflation under control.

 

2. India Hosts 2nd BRICS Anti-Corruption Working Group Meeting

India hosted the Second BRICS Anti-Corruption Working Group Meeting in Hyderabad on 4–5 August 2026 under its BRICS Presidency. The meeting focused on strengthening international cooperation in asset recovery, preventing corruption, and improving transparency among BRICS nations.

 

3. IMD Issues Red Alert for Heavy Rainfall

The India Meteorological Department (IMD) issued a Red Alert for parts of Assam and Meghalaya due to extremely heavy rainfall caused by an active monsoon system. Authorities have advised residents to remain alert as flooding and landslides are possible in vulnerable areas.

 

4. Economy Update

India’s economy continues to remain resilient despite global uncertainties. The RBI emphasized that inflation remains manageable, while future policy decisions will depend on food prices, monsoon performance, and international economic developments.

 

5. Important Day

5 August – National Handloom Day

Celebrated every year since 2015.

Commemorates the Swadeshi Movement launched on 7 August 1905.

Promotes India’s rich handloom heritage and supports weavers across the country.

 

One-Liners

Repo Rate: 5.25%

RBI Governor: Sanjay Malhotra

BRICS Anti-Corruption Meeting Venue: Hyderabad

Weather Alert: Red Alert for Assam and Meghalaya

Important Day: National Handloom Day (5 August)

 

MCQs

1. The RBI kept the repo rate unchanged at:
A) 5.00%
B) 5.25%
C) 5.50%
D) 6.00%
Answer: B) 5.25%

2. The 2nd BRICS Anti-Corruption Working Group Meeting was held in:
A) New Delhi
B) Bengaluru
C) Hyderabad
D) Mumbai
Answer: C) Hyderabad

3. National Handloom Day is observed every year on:
A) 1 August
B) 5 August
C) 7 August
D) 15 August
Answer: B) 5 August

4. Which organization decides India’s repo rate?
A) SEBI
B) NITI Aayog
C) Reserve Bank of India
D) NABARD
Answer: C) Reserve Bank of India

 

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