Daily Current Affairs 22 June 2026
Daily current affairs for 22 June 2026 — 18 verified news items across Economy, Banking, National & more, with exam-angle notes, keywords and practice MCQs.
In this digest · 18 items
Economy
Rupee Shows Volatility, Closes at 94.67 Against US Dollar
The Indian rupee experienced volatility influenced by steady debt and deposit inflows, uncertainty over the West Asia peace deal, and a firm US dollar. On June 22, the rupee fell 34 paise to close at 94.67 against the US dollar. Earlier in the day, it had fallen 15 paise to 94.48 in early trade and had fallen 9 paise to 94.42 at market opening. On June 19, the rupee had settled higher by 7 paise at 94.33 against the US dollar after paring most of its initial gains.
Source The Hindu
Practice MCQs
Q1 What was the closing value of the Indian rupee against the US dollar on June 22?
- A94.33
- B94.42
- C94.48
- D94.67Correct
Explanation The rupee closed at 94.67 against the US dollar on June 22, as reported.
Q2 Which factor contributed to the rupee's volatility on June 22?
- ASteady debt and deposit inflowsCorrect
- BClarity on West Asia peace deal
- CWeak US dollar
- DDecrease in oil prices
Explanation Steady debt and deposit inflows pulled the rupee in one direction, contributing to its volatility.
Q3 How did the rupee perform on June 19 against the US dollar?
- AFell by 34 paise
- BFell by 15 paise
- CSettled higher by 7 paiseCorrect
- DFell by 9 paise
Explanation On June 19, the rupee settled higher by 7 paise at 94.33 against the US dollar.
DoT Proposes No Reduction in Backhaul Spectrum Charges Affecting Satellite Internet Rollout
The Department of Telecommunications (DoT) has proposed not to reduce backhaul spectrum charges for telecom operators. Additionally, the draft rules excluded commercial satellite internet services from the non-auction spectrum assignment framework. This decision has further delayed the commercial rollout of satellite internet services by companies such as Starlink, OneWeb, Jio Satellite, and Amazon Leo.
Source Livemint
Practice MCQs
Q1 What decision did the Department of Telecommunications (DoT) propose regarding backhaul spectrum charges?
- ATo reduce backhaul spectrum charges
- BTo increase backhaul spectrum charges
- CNot to reduce backhaul spectrum chargesCorrect
- DTo abolish backhaul spectrum charges
Explanation The DoT proposed not to reduce backhaul spectrum charges for telecom operators.
Q2 Which of the following satellite internet service providers are affected by the exclusion from the non-auction spectrum assignment framework?
- AStarlink and OneWeb only
- BJio Satellite and Amazon Leo only
- CStarlink, OneWeb, Jio Satellite, and Amazon LeoCorrect
- DOnly Starlink
Explanation The draft rules excluded commercial satellite internet services by Starlink, OneWeb, Jio Satellite, and Amazon Leo from the non-auction spectrum assignment framework.
Q3 What is the consequence of excluding commercial satellite internet services from the non-auction spectrum assignment framework?
- AFaster rollout of satellite internet services
- BNo impact on satellite internet services
- CFurther delay in commercial rollout of satellite internet servicesCorrect
- DImmediate commercial launch of satellite internet services
Explanation Excluding satellite internet services from the non-auction spectrum assignment framework has further delayed their commercial rollout.
Indian Deep-Tech Funding to Surge Amid Sovereign Investment Push
Sovereign investment avenues have gained prominence in the past year due to rising geopolitical tensions. The US government's restrictions on access to Anthropic's latest frontier AI models have sparked debate in India about the necessity to develop domestic capabilities in artificial intelligence and other critical technologies. This has led to expectations of a surge in funding for Indian deep-tech sectors as part of a sovereign push to strengthen technological self-reliance.
Source Livemint
Practice MCQs
Q1 What has sparked the debate in India on building domestic AI capabilities?
- AUS government restricting access to Anthropic's latest AI modelsCorrect
- BIndia's new AI policy announcement
- CLaunch of a new Indian AI startup
- DCollaboration between India and US on AI research
Explanation The US government's move to restrict access to Anthropic's latest frontier AI models has sparked the debate in India.
Q2 What is expected to happen to Indian deep-tech funding amid the sovereign push?
- AIt will decline due to global tensions
- BIt will remain stable
- CIt will see a surgeCorrect
- DIt will shift focus to agriculture
Explanation Indian deep-tech funding is expected to see a surge amid the sovereign push to build domestic capabilities.
Q3 Which factor has contributed to the prominence of sovereign investment avenues recently?
- ARising geopolitical tensionsCorrect
- BDecrease in global trade
- CNew technological inventions
- DIncrease in foreign direct investment
Explanation Rising geopolitical tensions have contributed to the prominence of sovereign investment avenues over the past 12 months.
Zypp Electric Plans $200 Million IPO, Appoints Bankers for FY28 Listing
Zypp Electric, a Gurugram-based electric vehicle logistics startup, is preparing for a $200 million initial public offering (IPO). The company is currently in the process of closing a pre-IPO funding round as it aims to list in the financial year 2028. To facilitate this, Zypp Electric has appointed bankers to manage the IPO process.
Source Livemint
Practice MCQs
Q1 What is the planned amount Zypp Electric aims to raise through its IPO?
- A$100 million
- B$200 millionCorrect
- C$300 million
- D$400 million
Explanation Zypp Electric is gearing up for a $200 million IPO as stated in the source.
Q2 In which financial year does Zypp Electric plan to list its IPO?
- AFY26
- BFY27
- CFY28Correct
- DFY29
Explanation The company aims to list in FY28 according to the source.
Q3 Where is Zypp Electric, the EV logistics startup, based?
- ABengaluru
- BMumbai
- CGurugramCorrect
- DChennai
Explanation Zypp Electric is a Gurugram-based startup as mentioned in the source.
Karan Sharma Elevated to MD to Lead Avendus Investment Banking Post Mizuho Deal
Following Mizuho's acquisition of a controlling stake in Avendus Capital, Karan Sharma has been elevated to Managing Director to lead the investment banking division. This leadership change coincides with CEO Gaurav Deepak stepping back from daily oversight of the investment banking franchise, marking a strategic shift in Avendus Capital's management post-deal.
Source Livemint
Practice MCQs
Q1 Who was elevated to Managing Director to lead Avendus Capital's investment banking after Mizuho's acquisition?
- AGaurav Deepak
- BKaran SharmaCorrect
- CMizuho CEO
- DAvendus Founder
Explanation Karan Sharma was elevated to Managing Director to lead investment banking after Mizuho acquired a controlling stake in Avendus Capital.
Q2 What change occurred in Avendus Capital's leadership following Mizuho's acquisition?
- AKaran Sharma stepped back from investment banking
- BGaurav Deepak took over daily oversight of investment banking
- CGaurav Deepak stepped back from day-to-day oversight of investment bankingCorrect
- DMizuho CEO became Avendus Capital's Managing Director
Explanation CEO Gaurav Deepak stepped back from day-to-day oversight of the investment banking franchise after Mizuho's acquisition.
Banking
SBI Plans to Monetise ₹10 Trillion Home Loan Portfolio to Boost Credit
State Bank of India (SBI) is looking to monetise its substantial home loan portfolio, valued at ₹10 trillion, to enhance credit availability. Chairman CS Setty highlighted that SBI, like other banks, holds significant illiquid assets on its balance sheet, including this large mortgage book. The move aims to address the challenge posed by lagging deposit growth, enabling the bank to free up resources and support increased lending activities.
Source Livemint
Practice MCQs
Q1 What is the approximate value of SBI's home loan portfolio that it plans to monetise?
- A₹5 trillion
- B₹10 trillionCorrect
- C₹15 trillion
- D₹20 trillion
Explanation SBI's home loan portfolio valued at ₹10 trillion is planned to be monetised to boost credit.
Q2 Why is SBI looking to monetise its home loan pools?
- ATo reduce non-performing assets
- BTo boost credit as deposits are laggingCorrect
- CTo increase deposit growth
- DTo expand into new markets
Explanation SBI aims to monetise home loan pools to boost credit availability because deposits are lagging.
Q3 Who is the Chairman of SBI who spoke about monetising illiquid assets?
- ADinesh Kumar Khara
- BArundhati Bhattacharya
- CCS SettyCorrect
- DRajnish Kumar
Explanation Chairman CS Setty mentioned SBI's plan to monetise illiquid assets including the home loan portfolio.
Axis Bank Appoints Namrata Dubashi as AI Chief to Lead Technology Integration
Axis Bank has appointed Namrata Dubashi, a veteran from McKinsey, as its AI chief. She will lead a 50-member team focused on integrating artificial intelligence technology across the bank's operations. This move aims to drive an enterprise-wide push for AI adoption within Axis Bank.
Source Livemint
Practice MCQs
Q1 Who has been appointed as the AI chief of Axis Bank?
- ANamrata DubashiCorrect
- BRaghuram Rajan
- CArundhati Bhattacharya
- DAditya Puri
Explanation Namrata Dubashi, a McKinsey veteran, has been appointed as the AI chief of Axis Bank.
Q2 What is the primary responsibility of Namrata Dubashi at Axis Bank?
- ALeading a 50-member team to integrate AI across bank operationsCorrect
- BManaging retail banking services
- COverseeing international expansion
- DHandling compliance and risk management
Explanation Namrata Dubashi will lead a 50-member team to integrate AI technology across Axis Bank's operations.
Q3 From which company did Axis Bank hire Namrata Dubashi?
- AAccenture
- BMcKinseyCorrect
- CDeloitte
- DKPMG
Explanation Namrata Dubashi is a veteran from McKinsey, hired by Axis Bank as AI chief.
National
Meta Lobbies US Congress for Protection from Child-Harm Lawsuits
Meta has been lobbying the US Congress to secure legal protection against lawsuits alleging harm to children caused by its platforms. Earlier this year, a California woman won a trial against Meta and YouTube, with her lawyers arguing that the companies were aware that certain features were addictive and harmful to youth. This legal challenge has prompted Meta to seek congressional safeguards to shield itself from similar future lawsuits.
Source The Hindu
Practice MCQs
Q1 Why is Meta lobbying the US Congress according to recent reports?
- ATo promote new social media features
- BTo secure protection from child-harm lawsuitsCorrect
- CTo increase advertising revenue
- DTo expand into new markets
Explanation Meta is lobbying the US Congress to obtain legal protection from lawsuits alleging harm to children caused by its platforms.
Q2 What was the outcome of the trial involving a California woman and Meta earlier this year?
- AMeta won the case
- BThe case was dismissed
- CThe woman won the trial against Meta and YouTubeCorrect
- DThe trial is still ongoing
Explanation A California woman won the trial against Meta and YouTube, with lawyers arguing the companies knew their features were addictive and harmful to youth.
Q3 What argument did the lawyers use in the trial against Meta and YouTube?
- AThe platforms were not accessible to children
- BThe companies were unaware of any harm
- CThe features were addictive and harmful to youthCorrect
- DThe lawsuit was filed too late
Explanation Lawyers argued that Meta and YouTube's features were addictive and harmful to youth, which was central to the woman's case.
JD(U) National Council Endorses Nitish Kumar as National President
The Janata Dal (United) national council unanimously endorsed Nitish Kumar as the party's national president. Nitish Kumar highlighted that the JD(U) has secured a significant place in the hearts of the people by advocating for 'development with justice.' This commitment has led to the party's primary membership exceeding 10 million.
Source The Hindu
Practice MCQs
Q1 Who was unanimously endorsed as the national president of JD(U) by its national council?
- ANitish KumarCorrect
- BNishant Kumar
- CLalu Prasad Yadav
- DSharad Yadav
Explanation The JD(U) national council unanimously endorsed Nitish Kumar as the national president.
Q2 What key commitment did Nitish Kumar say helped JD(U) gain a place in the hearts of people?
- ADevelopment with justiceCorrect
- BEconomic reforms
- CSocial welfare schemes
- DAgricultural development
Explanation Nitish Kumar stated that the party's commitment to 'development with justice' helped it gain popularity.
Q3 What milestone did the JD(U) achieve in terms of primary membership as mentioned by Nitish Kumar?
- AExceeding 10 million membersCorrect
- BReaching 5 million members
- CCrossing 1 million members
- DSurpassing 20 million members
Explanation Nitish Kumar mentioned that the party's primary membership has exceeded 10 million.
Nearly 7,000 Indians Rescued from Southeast Asian Cyber Scam Hubs Since 2022
According to a report by the APG, the Indian government has rescued 6,998 Indians from cyber scam hubs across Southeast Asia since 2022. The rescued individuals were primarily from Cambodia (2,533), Lao PDR (2,297), and Myanmar (2,168). These cyber scam hubs are reportedly fuelled by human trafficking activities.
Source The Hindu
Practice MCQs
Q1 How many Indians have been rescued from cyber scam hubs in Southeast Asia since 2022 according to the APG report?
- A6,998Correct
- B2,533
- C2,297
- D2,168
Explanation The APG report states that 6,998 Indians have been rescued from cyber scam hubs since 2022.
Q2 Which Southeast Asian country accounted for the highest number of rescued Indians from cyber scam hubs?
- ACambodiaCorrect
- BLao PDR
- CMyanmar
- DThailand
Explanation Cambodia accounted for the highest number with 2,533 Indians rescued.
Q3 What is reported to fuel the cyber scam hubs across Southeast Asia?
- AHuman traffickingCorrect
- BDrug trafficking
- CIllegal mining
- DMoney laundering
Explanation The APG report states that human trafficking fuels the cyber scam hubs.
Tamil Nadu
Seven Dead in Tamil Nadu Ammonia Gas Leak at Tiruvallur Seafood Factory
An ammonia gas leak at a seafood factory in Tiruvallur, Tamil Nadu, resulted in seven deaths, including two women. The incident prompted Tamil Nadu Governor Rajendra Vishwanath Arlekar to express grief. District Collector S. Kavitha visited the factory site and hospitals to oversee relief efforts. The Chief Minister has constituted a committee to investigate the gas leak incident.
Source The Hindu
Practice MCQs
Q1 How many people died in the ammonia gas leak at the Tiruvallur seafood factory?
- ATwo
- BFive
- CSevenCorrect
- DTen
Explanation The Livemint source states that seven people died in the ammonia gas leak incident.
Q2 Who visited the Tiruvallur factory site to oversee relief measures after the gas leak?
- ATamil Nadu Chief Minister
- BDistrict Collector S. KavithaCorrect
- CGovernor Rajendra Vishwanath Arlekar
- DUnion Home Minister
Explanation The Hindu source mentions that District Collector S. Kavitha visited the factory site and hospitals to oversee relief measures.
Q3 What action did the Tamil Nadu Chief Minister take following the ammonia gas leak?
- ADeclared a state holiday
- BConstituted a committee to probe the incidentCorrect
- CAnnounced compensation for victims
- DOrdered factory closure permanently
Explanation According to Livemint, the Chief Minister constituted a committee to investigate the gas leak incident.
Ammonia Leak at Tiruvallur Seafood Unit Causes Two Deaths, Inquiry Ordered
An ammonia gas leak at a seafood processing unit in Tiruvallur district resulted in two deaths and over 60 hospitalizations. Both deceased were migrant workers from Odisha. The Tamil Nadu Chief Minister formed a three-member committee to investigate the incident, including officials from Industrial Safety and Health, Tamil Nadu Pollution Control Board, and Public Health. The committee is tasked with submitting an interim report within 24 hours and a final report in three days. The CM also announced a compensation of ₹2 lakh for the families of the deceased and ordered inspections of hazardous industrial units statewide. The company’s owner and manager were arrested, with prior safety violation cases pending against them. Political parties have expressed condolences and urged strict adherence to safety guidelines in industrial units.
Source The Hindu
Practice MCQs
Q1 What immediate action did the Tamil Nadu Chief Minister take after the ammonia leak at the seafood processing unit in Tiruvallur?
- AFormed a three-member inquiry committeeCorrect
- BAnnounced a statewide industrial shutdown
- COrdered compensation of ₹5 lakh to victims
- DDeclared a public holiday in Tiruvallur district
Explanation The Chief Minister formed a three-member committee to probe the ammonia leak incident.
Q2 Who were the victims who died in the ammonia leak incident in Tiruvallur district?
- ALocal fishermen from Tiruvallur
- BMigrant workers from OdishaCorrect
- CEmployees of the Tamil Nadu Pollution Control Board
- DMembers of the inquiry committee
Explanation Both deceased were migrant workers from Odisha.
Q3 What was the role of the company’s owner and manager following the ammonia leak incident?
- AThey were awarded for safety compliance
- BThey were arrested with prior safety violation cases pendingCorrect
- CThey led the rescue operations
- DThey formed the inquiry committee
Explanation The company’s owner and manager were arrested, with prior industrial safety violation cases pending against them.
Sports
India Wins FIH Women's Nations Cup, Secures Pro League Return
India defeated New Zealand to win the FIH Women's Nations Cup title in 2026. This victory marks India's second Nations Cup title, having previously won the inaugural edition of the tournament in 2022. By winning the title, India has secured its return to the FIH Pro League.
Source The Hindu
Practice MCQs
Q1 Which team did India defeat to win the FIH Women's Nations Cup title in 2026?
- AAustralia
- BNew ZealandCorrect
- CNetherlands
- DGermany
Explanation India beat New Zealand to win the FIH Women's Nations Cup title in 2026.
Q2 How many times has India won the FIH Women's Nations Cup as of 2026?
- AOnce
- BTwiceCorrect
- CThree times
- DNever
Explanation India has won the FIH Women's Nations Cup twice, in 2022 and 2026.
Q3 What did India secure by winning the FIH Women's Nations Cup in 2026?
- AA spot in the Olympics
- BA cash prize
- CReturn to the FIH Pro LeagueCorrect
- DHosting rights for next Nations Cup
Explanation By winning the title, India secured its return to the FIH Pro League.
Harshit and Akshat Win Gold and Silver at Asian Artistic Gymnastics Championships
At the Asian Artistic Gymnastics Championships, Harshit won the gold medal with a score of 13.649, while Akshat secured the silver medal with a score of 13.433. Both athletes represented India in this continental competition.
Source The Hindu
Practice MCQs
Q1 Who won the gold medal for India at the Asian Artistic Gymnastics Championships?
- AHarshitCorrect
- BAkshat
- CNone of the above
- DBoth Harshit and Akshat
Explanation Harshit won the gold medal with a score of 13.649 at the Asian Artistic Gymnastics Championships.
Q2 What was Akshat's score at the Asian Artistic Gymnastics Championships?
- A13.649
- B13.433Correct
- C14.000
- D12.500
Explanation Akshat finished second with a score of 13.433 in the continental competition.
Q3 Which event did Harshit and Akshat compete in to win medals for India?
- AAsian Artistic Gymnastics ChampionshipsCorrect
- BAsian Athletics Championships
- CCommonwealth Games
- DOlympic Games
Explanation Harshit and Akshat won gold and silver respectively at the Asian Artistic Gymnastics Championships.
Sooryavanshi's 94 Leads India A to 66-Run Victory in Tri-Series Final
In the tri-series final, Sooryavanshi played a remarkable innings scoring 94 runs, including an 11-ball 50, the fastest in List A cricket. His performance helped India A post a massive total of 377 for nine. India A won the match against Sri Lanka A by 66 runs.
Source The Hindu
Practice MCQs
Q1 What was Sooryavanshi's notable achievement in the tri-series final?
- AScored the fastest 50 in List A cricket in 11 ballsCorrect
- BTook five wickets in the match
- CScored a century in 50 balls
- DBowled the fastest ball in the tournament
Explanation Sooryavanshi scored the fastest 50 in List A cricket in just 11 balls during the tri-series final.
Q2 By what margin did India A win over Sri Lanka A in the tri-series final?
- A66 runsCorrect
- B50 runs
- C94 runs
- D11 runs
Explanation India A won the tri-series final against Sri Lanka A by 66 runs.
Q3 What total did India A post in the tri-series final?
- A377 for nineCorrect
- B250 for six
- C300 for seven
- D400 for eight
Explanation India A posted a massive total of 377 for nine in the tri-series final.
Sooryavanshi Breaks Fastest List A Fifty Record in Tri-Series
In a recent tri-series cricket match, Sooryavanshi broke the fastest List A fifty record by reaching the milestone in fewer balls than the previous record holder, Sri Lankan Kaushalya Weeraratne, who had achieved it in 12 balls in 2005. However, Sooryavanshi narrowly missed breaking the fastest hundred record by just one stroke.
Source The Hindu
Practice MCQs
Q1 Who held the fastest List A fifty record before Sooryavanshi broke it?
- AKaushalya WeeraratneCorrect
- BSooryavanshi
- CSachin Tendulkar
- DVirat Kohli
Explanation Kaushalya Weeraratne held the fastest List A fifty record, achieving it in 12 balls in 2005 before Sooryavanshi broke it.
Q2 By what margin did Sooryavanshi miss breaking the fastest hundred record?
- AOne strokeCorrect
- BOne ball
- CTwo runs
- DTwo balls
Explanation Sooryavanshi fell short of the fastest hundred record by one stroke.
Q3 In which cricket format did Sooryavanshi break the fastest fifty record?
- AList A cricketCorrect
- BTest cricket
- CT20 cricket
- DFirst-class cricket
Explanation Sooryavanshi broke the fastest fifty record in List A cricket.
Japan Defeats Tunisia in 1,000th FIFA World Cup Match
In the FIFA World Cup 2026 Group F match, Japan secured a victory over Tunisia. Ayase Ueda scored two goals, while Daichi Kamada and Junya Ito also contributed with goals. This win allowed Japan to join the Netherlands at the top of Group F with four points. The match was notable for being the 1,000th game in FIFA World Cup history.
Source The Hindu
Practice MCQs
Q1 Which player scored twice for Japan in their FIFA World Cup 2026 match against Tunisia?
- AAyase UedaCorrect
- BDaichi Kamada
- CJunya Ito
- DNetherlands
Explanation Ayase Ueda scored two goals for Japan in the match against Tunisia.
Q2 What was significant about the Japan vs Tunisia match in the FIFA World Cup 2026?
- AIt was the 1,000th FIFA World Cup gameCorrect
- BIt was the final match of the tournament
- CIt was the first match of Group F
- DIt was played in Japan
Explanation The match was notable for being the 1,000th game in FIFA World Cup history.
Q3 After their victory over Tunisia, Japan joined which team at the top of Group F with four points?
- ANetherlandsCorrect
- BTunisia
- CBrazil
- DGermany
Explanation Japan joined the Netherlands at the top of Group F with four points.
Iran World Cup Travel Restrictions to Be Eased, Says Coach Amir Ghalenoei
The Iranian football team arrived at the World Cup amid ongoing war tensions with co-hosts the United States. Due to these tensions, the team has been based in Mexico while playing all their matches in the U.S. Coach Amir Ghalenoei has announced that travel restrictions for the Iranian squad will be eased during the tournament.
Source The Hindu
Practice MCQs
Q1 Where has the Iranian football team been based during the World Cup while playing matches in the U.S.?
- AIran
- BMexicoCorrect
- CCanada
- DUnited Kingdom
Explanation The Iranian team has been based in Mexico while playing all their games in the U.S.
Q2 What did Iran's coach Amir Ghalenoei say about the team's travel restrictions during the World Cup?
- AThey will be tightened
- BThey will remain the same
- CThey will be easedCorrect
- DThey will be canceled
Explanation Coach Amir Ghalenoei stated that the travel restrictions for the Iranian squad will be eased.
Q3 Which two countries are involved in the ongoing war mentioned in relation to the Iranian squad at the World Cup?
- AIran and Mexico
- BIran and United StatesCorrect
- CUnited States and Mexico
- DIran and Canada
Explanation Iran is at war with co-hosts the United States, as mentioned in the context of the World Cup.
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