Dear Students,

Has RBI failed because the rupee is depreciating again and again?

This is the first question that may come to your mind after reading this snippet. But currency movement is not that simple.

The fall in the rupee is linked to dollar strength, global uncertainty, capital flows and market sentiment.

Read the quick decode below.

Chapterss Quick Decode | Episode 03

1. The Core Development: Rupee Slips Past 96
The rupee has slipped past the 96 mark against the US dollar, touching a fresh low. This means more rupees are now required to buy one US dollar.

2. Why Is the Rupee Under Pressure?
The immediate reason mentioned in the snippet is the strengthening of the US Dollar Index.

When the dollar becomes stronger globally, emerging market currencies like the rupee usually come under pressure. Investors may prefer dollar assets, foreign capital flows may become cautious, and importers may demand more dollars for payments.

So, the rupee is not weakening in isolation. It is reacting to a stronger dollar, global uncertainty and market sentiment.

3. What Is Dollar Index?
The Dollar Index measures the strength of the US dollar against a basket of 6 major global currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.

If the Dollar Index rises, it means the US dollar is strengthening globally. If it falls, it means the dollar is weakening globally. In this case, the Dollar Index rose from 98.51 to 99.30. This means the dollar became stronger, and that put pressure on the rupee.

4. The Test for RBI: Has RBI Failed?

A falling rupee does not automatically mean RBI has failed. RBI’s job is not to permanently fix the rupee at one level. Its role is to manage excessive volatility, maintain orderly market conditions and protect external sector stability.

If the rupee is falling because of global dollar strength, RBI may intervene to smooth sharp movements, but it may not completely stop depreciation.

So, the real test for RBI is not whether the rupee falls or not. The real test is whether the fall remains orderly or becomes disruptive.

In the current situation, the rupee’s decline has been gradual rather than a sudden collapse, which suggests that RBI has largely been able to prevent panic and excessive volatility. Therefore, it would not be correct to conclude that RBI has failed simply because the rupee has depreciated.

5. Tough Days Ahead: Inflation Risk May Return

A weaker rupee can make imports costlier, especially crude oil, fertilisers, electronics and other dollar-priced imports. If import costs rise, businesses may initially absorb some pressure. But if the pressure continues, it can gradually reach consumers through higher prices.

This is why rupee depreciation can create imported inflation risk. In simple terms, a weaker rupee can make the inflation fight tougher for RBI.

Chapterss Takeaway:
Rupee depreciation is not just a currency market event. It connects directly with Dollar Index, capital flows, import costs, inflation risk and RBI’s exchange rate management.

Question for you, can you list 3 steps taken by RBI to prevent excessive Rupee depreciation?

Team Chapterss

PS:

Want to read more?

Read 50+ editorials and news explainers in our Editorial Course, and for complete CA coverage with quizzes, reports, schemes, PIB and regulatory updates, join our Current Affairs Package.

Editorial Course: Click Here | Price Rs.350 only
Current Affairs Package: Click Here | Price - Rs. 100 Per month (Yearly Basis)

Feedback for Jalaj Sir’s Management Classes.

“I don’t even want to mug up any concepts or points. After watching videos, if I think of any topic, it naturally flows in my mind.”

This is exactly what we are trying to build at Chapterss, not rote learning, not random content, but conceptual clarity that stays with you.

If you are preparing for RBI Grade B, don’t delay Management. The earlier you build clarity, the stronger your Phase 2 preparation becomes.

Team Chapterss

“He doesn’t just teach Current Affairs, he connects it, revises it, and makes it doable.”

This is exactly what Devanshu Sir’s CA classes are designed for not random news coverage, but structured understanding, repeated revision, and exam-oriented retention.

If CA feels heavy right now, don’t delay. Start with the right system before the backlog becomes unmanageable.

Team Chapterss

Thank you, dear students ❤️

Even when we are not asking for feedback, you are still taking out time to share such beautiful messages with us. It genuinely means a lot and keeps the entire Chapterss team motivated.

More structured, exam-oriented and high-quality content is on its way.

Keep trusting. Keep learning.
Team Chapterss

Dear Students,

This snippet is not just about states spending less than their budgeted capex.

It raises a deeper question: if states announce higher capital expenditure, does that automatically mean roads, bridges, schools, hospitals and infrastructure are actually being created?

Read the quick decode below.

Chapterss Quick Decode | Episode 04

1. The Core Development: States Spent Only 77.23% of Budgeted Capex

👉 In FY26, 20 states utilised only 77.23% of their combined budgeted capital expenditure. They had budgeted capex of around ₹10.26 trillion, but actual spending stood at around ₹7.92 trillion.

👉 This is lower than FY25, when 26 states had utilised 80.23% of their budgeted capex. So, the core issue is simple: states may announce higher capex, but actual utilisation can still remain weak.

2. Why Capex Utilisation Matters

👉 Capital expenditure means government spending on asset creation, such as roads, bridges, irrigation, schools, hospitals, power infrastructure and other long-term projects.

👉 Unlike revenue expenditure, capex has a stronger growth multiplier because it creates productive capacity in the economy.

👉 So, when states underutilise capex, the problem is not just accounting. It can slow infrastructure creation, reduce investment momentum and weaken the development impact of the budget.

3. Leaders and Laggards: Uneven Spending Across States

The snippet shows a clear divergence across states.

👉 Telangana utilised 147.58% of its budgeted capex, meaning it spent much more than its budget estimate. Karnataka and Himachal Pradesh also crossed high utilisation levels.

👉 On the other hand, West Bengal utilised only 48.06%, Rajasthan 51.82%, Chhattisgarh 57.12%, Tripura 63.34%, and Odisha 65.88%.

👉 This shows that India’s public investment story is not uniform. Some states are pushing capex aggressively, while others are lagging behind.

4. Why Can Capex Utilisation Fall Despite Higher Outlay?

👉 Higher budget allocation does not automatically convert into actual spending.

👉 Capex utilisation may fall due to delays in project approvals, land acquisition issues, weak administrative capacity, tendering delays, election-related disruptions, liquidity constraints or slower project execution.

👉 So, for exams, remember: budgeted capex shows intent, but actual capex shows execution.

Chapterss Takeaway:
Capital expenditure is meaningful only when budgeted outlays are actually utilised. Higher capex allocation shows government intent, but actual capex spending shows execution capacity and real development impact.

Team Chapterss

PS:

Want to read more?

Read 50+ editorials and news explainers in our Editorial Course, and for complete CA coverage with quizzes, reports, schemes, PIB and regulatory updates, join our Current Affairs Package.

Editorial Course: Click Here | Price Rs.350 only
Or
Current Affairs Package: Click Here | Price - Rs. 100 Per month (Yearly Basis)

Dear Future Officers,

Today at 4:00 PM, we will conduct the Current Affairs Weekly Revision Session covering 18th–25th March 2026.

As we all know, March 2026 is extremely important for the exam scheduled on 13th June 2026. So, make sure you revise the 3rd week of March 2026 properly and do not leave any gaps in your preparation.

Join the session on time and revise with full focus.

Link: https://youtube.com/live/PJJunowrVwY?feature=share

For those looking for PDFs for revision:

• May CA Chapter (₹51) | Link: Click Here

• April CA Chapter (₹51)| Link: Click Here

• Complete CA Package (₹100) | Link: Click Here

-- Team Chapterss

Dear Students,

Only last 24 hours are left to fill the RBI Grade B Officer exam form.

Please do not wait for the last hour or tomorrow to start the application process. Tomorrow, due to high traffic, the server may become slow or face issues, and there is always a risk that you may not be able to complete the form on time.

So, complete your form today itself and keep yourself tension-free.

In case you have any doubt regarding the form-filling process, you can watch the session below.

Link: https://www.youtube.com/watch?v=2FCNDajygis&t=1166s

--Team Chapterss

Dear Future Officers,

The Daily Current Affairs Quiz for 10th & 11th May 2026 has been uploaded on the portal. Now it’s your turn, go ahead and attempt the quiz, analyze your performance, and strengthen your retention.

Do share your scores!!
Stay consistent. Every quiz takes you one step closer.

-- Team Chapterss

For those who wish to join:

• May CA Chapter (₹51) | Link: Click Here

• April CA Chapter (₹51)| Link: Click Here

• Complete CA Package (₹100) | Link: Click Here

Message of Mentor (MoM)
Topic: Patience & Faith

Dear Students,

Many times in preparation, you give honest and consistent efforts, yet the results do not come immediately.

Slow progress often creates self-doubt.

You start questioning your preparation.
You start questioning your capabilities.

But remember one thing clearly:
Results take time to appear.

The Chinese bamboo tree spends years building strong roots beneath the surface before suddenly growing rapidly towards the sky. Your preparation journey is also similar.

Every revision, every mock, every mistake analysis and every disciplined day is silently building your foundation.

Do not leave the process just because the outcome is delayed.

Keep working with patience.
Keep moving with faith.

Because one day, all your invisible efforts will become visible results.

Good Night

-- Team Chapterss

🌅 Good Morning, Future Officers!

Today’s Positive Manifestation:

“Wow, what a journey I am on.
I am studying with purpose, and I am truly grateful for this path.”

“वाह, मैं कितनी खूबसूरत यात्रा पर हूँ।
मैं पूरे मन से पढ़ाई कर रहा/रही हूँ और इस सफ़र के लिए दिल से आभारी हूँ।”

Repeat it 5 times.
Let gratitude fuel your discipline and growth today.

Dear Students,

Jalaj Sir has been unwell since yesterday due to a minor throat issue, and the doctor has advised him to take proper rest for 2–3 days. Because of this, a few videos may be delayed.

However, the course work is continuing smoothly. Notes, quizzes, tests, and other content are being added as per schedule. We are fully committed, and Sir’s videos will resume from 22nd May both on YouTube and inside the course.

Thank you for your patience and support.

Team Chapterss

Dear Future Officers,

Camera Check ✅
Content Check ✅
Devanshu Sir Ready ✅

Now it’s your turn.

Join today’s 8 AM live class for current affairs and start your preparation with full focus.

See you sharp at 8 AM.

Link to Join - https://youtube.com/live/XD-XujkOk2A?feature=share

Team Chapterss

Dear Students,

This snippet is not just about migration.

It shows how India’s blue- and grey-collar workforce is becoming more mobile, especially women and freshers who are moving beyond their hometowns for better jobs and higher pay.

Read the quick decode below.

⚡ Chapterss Quick Decode | Episode 05

1. Understanding Collar Jobs in the Economy

You often hear terms like blue-collar or white-collar jobs in news reports and exams. These terms classify workers based on the nature of their work.

👉 Blue-collar jobs involve physical, operational or field-based work. These workers are usually engaged in manufacturing, construction, transport, repair or delivery services. Examples include factory workers, drivers, electricians, plumbers, machine operators and delivery staff.

👉 White-collar jobs are office-based or professional jobs that usually require higher educational qualifications. Examples include teachers, software engineers, accountants, managers, lawyers and corporate employees.

👉 Grey-collar jobs lie between blue- and white-collar work. These jobs may involve technical skills, customer interaction or vocational training, but not necessarily advanced professional degrees. Examples include technicians, healthcare assistants, retail supervisors, customer support staff and logistics coordinators.

There are also a few other commonly used categories:

👉 Pink-collar jobs: Service-oriented jobs traditionally associated with care or hospitality sectors, such as nurses, receptionists and salon workers.
👉 Green-collar jobs: Jobs linked to environmental protection and sustainability, such as solar technicians or waste management workers.

2. What Does the Data Say?

👉 The report shows that job-related migration among blue -and grey-collar workers increased by 31.4% year-on-year during January–April 2026. This means more workers are now willing to move to other cities for better salaries, stable jobs and improved career opportunities.

👉 The number of applications for jobs outside a worker’s home city rose to 8.6 million, compared to 6.5 million during the same period last year.

👉 Another important trend is the rise in women and freshers applying for jobs in different cities, which reflects changing attitudes towards migration and employment opportunities.

3. Why Is This Important?
This trend reflects rising labour mobility in India’s economy. Workers are becoming more flexible about relocating for jobs, especially in sectors like logistics, retail, manufacturing and services.

Chapterss Takeaway:
Blue-collar, white-collar and grey-collar jobs represent different types of work in the economy, and the recent rise in migration among blue- and grey-collar workers shows changing employment patterns in India.

Team Chapterss

PS:

Want to read more?

Read 50+ editorials and news explainers in our Editorial Course, and for complete CA coverage with quizzes, reports, schemes, PIB and regulatory updates, join our Current Affairs Package.

Editorial Course: Click Here | Price Rs.350 only
Current Affairs Package: Click Here | Price - Rs. 100 Per month (Yearly Basis)

Dear Future Officers,

If you are preparing for RBI Grade B Phase 1, Current Affairs MCQ practice is a must. That is why we have launched the Current Affairs Test Series.

You will get:
✅ 3000+ Current Affairs MCQs
✅ MCQs starting from January onwards
✅ Properly segregated month-wise tests
✅ Questions from multiple CA domains (Schemes, Reports, PIB News, RBI Notifications, ESI and finance in news)
✅ Different varieties of MCQs for better exam practice
✅ Useful for improving accuracy, recall and speed in Phase 1
✅ 10 Sectional test for current affairs.

The best part?

You are getting all of this for just ₹350.

If you want to increase your score in Current Affairs, don’t just read, practice MCQs regularly.

Link - https://www.chapterss.in/l/nKAE1ds

Team Chapterss

Dear Students,

This snippet is not just about fertiliser imports from China.

It shows India’s dependence on imported agricultural inputs and why global supply chains matter for farming, food security and inflation.

Read the quick decode below.

⚡ Chapterss Quick Decode | Episode 06

1. The Core Development: Fertiliser Imports from China Jumped Sharply

👉 India’s fertiliser imports from China increased by more than 173% in FY26, reaching 5.02 million tonnes. This is a sharp rise compared to the previous year and shows that China has become a much larger supplier of fertilisers to India.

👉 However, Russia remained India’s number one fertiliser exporter, supplying around 6.71 million tonnes in FY26.

2. What Does the Data Say?

👉 Among the top fertiliser exporters to India in FY26:
Russia supplied 6.71 million tonnes
China supplied 5.02 million tonnes
Saudi Arabia supplied 3.43 million tonnes
(There is no need to rote learn the data)

👉The snippet also shows a separate trade trend: Saudi Arabia and Iran remained among the major buyers of India’s basmati rice. This creates an interesting agriculture trade contrast: India imports key farm inputs like fertilisers from some countries, while exporting high-value agricultural products like basmati rice to others.

3. Must Read
Click Here to know the subsidy bill of fertilizers import in India - https://t.me/thechapterss/277

Chapterss Takeaway:
Fertiliser import data is important because it connects agriculture, global trade, input security, food inflation and farm productivity. The sharp rise in imports also shows that India is still not fully Atmanirbhar in critical agricultural inputs like fertilisers. For exams, always link fertiliser imports with India’s dependence on external suppliers for essential farm inputs.

Team Chapterss

Dear Future Officers,

Today at 4:00 PM, we will conduct the Current Affairs Weekly Revision Session covering 26th–31st March 2026.

As we all know, March 2026 is extremely important for the exam scheduled on 13th June 2026. So, make sure you revise the 4th week of March 2026 properly and do not leave any gaps in your preparation.

Join the session on time and revise with full focus.

Link: https://youtube.com/live/neJIYQjIYCQ?feature=share

For those looking for PDFs for revision:

• May CA Chapter (₹51) | Link: Click Here

• April CA Chapter (₹51)| Link: Click Here

• Complete CA Package (₹100) | Link: Click Here

-- Team Chapterss

Major Upload Alert

Dear Students,

Chapter 2 – Farming System and Cropping System for ARD is now heavily updated on the portal.

We have uploaded:

✅ 120 Objective Questions
✅ Foundation Notes
✅ Sample Descriptive Material
✅ Descriptive Quiz
✅ 4 Foundation Videos

👉 Revision Video and Revision notes will be updated in next 48 hours.

This chapter is now ready for your preparation
Learn and Practice, all in one place.

Study seriously. Revise smartly. Score better.
Those who wish to join - Click Here

Thank you!
Team Chapterss