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Current affairs — 17 September 2026

2 prelims-relevant stories, each distilled into quick facts — with a 2-question quiz at the end.

Indian Economysovereign-gold-bond

Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2019-20 Series IV due on September 17, 2026

RBI fixed ₹15,173 per unit as the premature-redemption price for Sovereign Gold Bond 2019-20 Series IV on 17 September 2026. The amount uses the simple average of closing prices of 999-purity gold for the previous three business days, as published by the India Bullion and Jewellers Association.

Source published PrelimsAI reviewed/published
Read the original report from Reserve Bank of India — Press Releases (opens in a new tab)

Prelims pointers

  • SGB 2019-20 Series IV was issued on 17 September 2019 under a Government of India notification dated 30 May 2019.
  • Premature redemption may be permitted after the fifth year from issue on a date when interest is payable.
  • The next premature-redemption due date for this tranche is 17 September 2026.
  • The redemption price is based on the simple average of IBJA-published closing prices of gold of 999 purity for the previous three business days.
  • RBI fixed the premature-redemption price at ₹15,173 per unit using closing prices for 11, 15 and 16 September 2026.
Indian Economygovernment-securities

Conversion/Switch of Government of India Securities

The Government of India announced a multiple-price auction to switch ₹30,000 crore face value of eight securities maturing in 2027-2030 into five securities maturing in 2034-2060. Bids are due on RBI's e-Kuber platform on 21 September 2026, with results the same day and settlement on 22 September.

Source published PrelimsAI reviewed/published
Read the original report from Reserve Bank of India — Press Releases (opens in a new tab)

Prelims pointers

  • The government-security conversion or switch auction has an aggregate notified face value of ₹30,000 crore.
  • Eight source securities maturing from 2027 to 2030 are paired with five destination securities maturing from 2034 to 2060.
  • Participants must bid through RBI's e-Kuber Switch Transaction module; the minimum bid is ₹10,000 and thereafter in multiples of ₹10,000.
  • The auction is multiple-price based, and successful bids are accepted at their respective quoted source- and destination-security prices.
  • Bids are scheduled for 10:30-11:30 a.m. on 21 September 2026, with results that day and T+1 settlement on 22 September.

Today's quiz

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Question 1 of 2

Consider SGB 2019-20 Series IV: 1. Premature redemption may be allowed after the fifth year on an interest-payment date. 2. Its 17 September 2026 redemption price is ₹15,173 per unit. Which is correct?

Answer key

Take the quiz above first. This key is for revision after you finish.

  1. Q1

    Consider SGB 2019-20 Series IV: 1. Premature redemption may be allowed after the fifth year on an interest-payment date. 2. Its 17 September 2026 redemption price is ₹15,173 per unit. Which is correct?

    (C) Both 1 and 2

  2. Q2

    Consider the securities switch auction: 1. Its notified face value is ₹30,000 crore. 2. It uses a multiple-price method. 3. Settlement is scheduled on a T+1 basis. Which are correct?

    (D) 1, 2 and 3

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