Daily Current Affairs for CAT, XAT & MBA GDPI – March 27, 2026
Indian Economy & Policy
RBI tightens norms on net open positions to curb rupee’s slide
The Reserve Bank of India has set a new limit for banks on their foreign currency dealings in the rupee. This move aims to control speculative trading and stabilize the Indian currency. Banks must now keep their open positions within 100 million US dollars each day. This regulation comes as the rupee faces pressure and has depreciated significantly.
Forex kitty slips below $700 billion as bullion loses some sheen
India's foreign exchange reserves dropped significantly last week. Gold prices fell, impacting the overall reserves. The Indian Rupee also weakened against the US Dollar. Oil prices rose due to geopolitical concerns. The Reserve Bank of India's intervention in the currency market was limited. Traders anticipate further Rupee depreciation, with some forecasting levels around 100 against the Dollar.
Indian Politics & Governance
5 India-bound LPG ships stay anchored near Hormuz Strait
Appearing to bunch together so they can troop out of the strait, these ships carry more than 1.7 lakh tonnes of LPG
T.N. government releases draft State Mental Healthcare Regulations, 2026
The Tamil Nadu State Mental Health Authority will maintain a register of practising mental health professionals in the State that will be updated monthly. It also proposes to publish a district-wise list of mental health professionals on January 1 every year
Indian Stock Market & IPOs
US stocks today: US stocks tumble to lowest close in 6 months as Iran war drags; Nasdaq confirms correction
U.S. stocks plunged Friday, with major indexes hitting over six-month lows as the Middle East war suppressed risk appetite. Megacap and software stocks led the decline, while rising oil prices fueled inflation fears and dampened rate cut expectations. Markets now anticipate potential Fed rate hikes.
Accel-backed Rentomojo files for India IPO
Online furniture rental platform Rentomojo has filed for an initial public offering in Mumbai, according to a draft prospectus dated Friday.
Marketing, Brands & Consumer Trends
RBI outlines vision for digital payments, cross-border payments in focus
The Reserve Bank of India has outlined a roadmap for the payments sector until December 2028, focusing on cross-border payments, interoperability and a domestic legal entity identifier.

India, EU ink aviation production pact; Tata-Airbus assembly line in Karnataka to be operational in April
Airbus helicopters have played a key role in India for decades, including its Aerospatiale Alouette II, Eurocopter AS350 Ecureuil, and the high-altitude workhorse Lama.
Sports (Business & Governance)
A game for all ages: On the 2026 Indian Premier League 19th season
The IPL is benefiting from both youth and experience

Aditya Birla Group-led consortium acquires Royal Challengers Bengaluru in a $1.76 billion deal
It has been sold to a consortium comprising Aditya Birla Group, The Times of India Group, Bolt Ventures, and Blackstone’s perpetual private equity strategy, BXPE in an all-cash deal worth $1.76 billion