Rupee climbs to near one-month peak on lower crude oil prices

IANS | August 3, 2026 1:25 PM

Mumbai, Aug 3 (IANS) The Indian rupee surged to a near one-month high on Monday as crude oil prices fell by up to 7 per cent to below the $80-a-barrel mark amid hopes of a deal to end the Iran conflict, while strong foreign inflows further supported the currency.

Govt backs FSSAI action against Old Monk, McDowell's, other brands over flavouring, age claims

IANS | August 3, 2026 10:38 AM

New Delhi, Aug 3 (IANS) The government has clarified that enforcement action initiated by the Food Safety and Standards Authority of India (FSSAI) against certain alcoholic beverage manufacturers relates to the use of flavouring substances that mimic the characteristics of standardised alcoholic beverages and allegedly misleading age-related claims on product labels.

RBI's 3-day MPC meeting begins today; all eyes on repo rate decision

IANS | August 3, 2026 9:26 AM

Mumbai, Aug 3 (IANS) The Reserve Bank of India's (RBI) three-day Monetary Policy Committee (MPC) meeting -- led by Governor Sanjay Malhotra -- begins on Monday with investors and economists closely tracking the central bank's assessment of inflation, economic growth and the future interest rate trajectory ahead of the policy decision due on August 5.