Daily Current Affairs – June 5, 2026

RBI Inflation 2026-27 Forecast: The Reserve Bank of India has raised its inflation forecast for fiscal year 2026-27. This revision reflects rising food prices and ongoing global uncertainties. The central bank has paused its repo rate decision. Higher crude oil prices and supply chain issues are complicating the inflation outlook. A weaker monsoon also poses a risk to food prices.

RBI GDP Growth 2026-27: The Reserve Bank of India has reduced its economic growth forecast for FY27 to 6.6 percent. This adjustment stems from rising risks linked to the West Asia conflict and higher energy prices. The central bank has maintained the benchmark repo rate at 5.25 percent. India's economy faces challenges from potential supply disruptions and weather uncertainties.

Addressing a press conference, AAP’s Delhi unit president Saurabh Bharadwaj said the sequence of events described by the government did not tally with visuals from the scene. 

The budget carrier has decided to temporarily suspend services to Langkawi, Krabi, Ho Chi Minh, Hong Kong, and Shanghai starting July 1 and Siem Reap effective July 3 until September 30, IndiGo said in a statement

The 226-195 vote is a sign of impatience with President Donald Trump’s approach to the war and represents the House’s second major foreign policy break with Mr. Trump this week

In the financial year 2024–25, total India-Russia trade reached an all-time high of about $68.7 billion, up sharply from roughly $13 billion in 2021, marking nearly a five – to six- fold increase over four years.

Private credit funds catering to wealthy investors are coming under renewed pressure as redemption requests remain elevated in the second quarter. Early filings reviewed by Reuters indicate that concerns over software-sector exposure, asset valuations, and limited transparency are continuing to weigh on investor sentiment and fuel scrutiny of the fast-growing private credit market.

The Indian rupee strengthened on Friday, defying subdued Asian markets ahead of a key policy decision. While a currency trader noted flow-driven adjustments, overall caution prevails as the Reserve Bank of India prepares to announce its policy, with markets watching for potential rate hikes amid inflation and currency pressures.

Payment aggregators are pivoting from large enterprises toward startups and small merchants, as UPI's zero-MDR regime and saturated top-end competition erode simple transaction-fee models. 

A day after clearing a ₹10,000 crore price stabilization fund, the government has set a pricing framework that could fix ATF rates, while leaving participation to airlines.

With a proud heart and a sense of gratitude, I announce my retirement from international cricket. To play for my country has been the greatest honour of my life, says India wicketkeeper-batter Kona Srikar Bharat

The home side locks horns with Afghanistan from Saturday at New Chandigarh in a match which doesn’t have too much significance in the context of five-day cricket as it exists now