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    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
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August 5, 2026
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Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
August 5, 2026
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Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
August 5, 2026
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Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
August 5, 2026
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Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
August 5, 2026
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Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
August 5, 2026
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Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
August 5, 2026
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Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
August 5, 2026
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Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
August 5, 2026
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Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
August 5, 2026
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Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
August 5, 2026
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Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
August 5, 2026
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Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
August 5, 2026
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Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
August 5, 2026
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Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
August 5, 2026
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Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
August 5, 2026
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Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
August 5, 2026
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Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
August 4, 2026
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Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
August 4, 2026
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Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
August 4, 2026
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Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.

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Customs & Trade

Trex Energy Launches REX BESS 125kW/261kWh with Liquid-Cooling (C&I) to Support Smart Industrial Energy Infrastructure

June 8, 2026

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• Integrated Smart BESS — 261kWh LFP battery with liquid cooling, EMS, and fire suppression • Multi-Use Energy Storage — Built for renewables, EV charging, backup power, and peak load management • Safe & Scalable — Real-time monitoring, remote diagnostics, and globally certified architecture HYDERABAD, India, June 8, 2026 /PRNewswire/ -- Trex Energy, an innovative energy storage solutions company headquartered in Hyderabad, Telangana, today announced the official commercial launch of the REX BESS 125kW/261kWh with Liquid-Cooling Battery Energy Storage System (BESS). The REX BESS from Trex Energy combines liquid cooling, intelligent energy management system, and integrated AC/DC architecture to deliver reliable, scalable energy storage for commercial, industrial, and utility applications in India and globally. This product launch arrives against the backdrop of MSEDCL's new tariff policy, which signals electricity tariff rebates for the adoption of energy storage solutions Product Overview: The REX BESS 125kW/261kWh BESS The REX BESS is a fully integrated, single-cabinet energy storage solution featuring a 261 kWh LFP (Lithium Iron Phosphate) battery with a nominal voltage of 832V and a cell capacity of 314Ah. With a maximum DC voltage of 950V and a maximum input active power of 125kW, the system is designed for high-efficiency charge-discharge cycles across both on-grid and off-grid configurations. Operating reliably across temperatures from -20°C to 55°C, and rated IP54 for protection against dust and water ingress, the REX BESS is built for real-world industrial conditions. Commenting on the launch Roshan Shaik, Technical Director - Trex Energy, said, "The REX BESS is not just a product — it is our commitment to India's energy future. With liquid cooling, aerosol fire suppression, and intelligent cloud monitoring built into a single cabinet, we are giving our customers a system they can trust for decades of reliable operation." Key Features Efficient & Scalable: Flexible expansion design allows one machine to serve multi-effect matching across a variety of application scenarios. Optional 100kW MPPT and 200kW STS support future capacity growth without system replacement. Reliable & Safe: Equipped with aerosol fire suppression and multiple protection systems covering overcharge, over-discharge, short circuit, and thermal events — ensuring safety across all operating conditions. Smart Energy Intelligence: Integrated Energy Management System (EMS) with 4G connectivity and a 7-inch HMI touch screen enables real-time monitoring, remote diagnostics, and fingertip cloud maintenance from anywhere. Fully Integrated System: Highly integrated AC and DC design in a single cabinet (under 1700×1350×2200mm, under 3500kg). Compatible with PV input, AC bus, grid, loads, and EV charging piles in a unified architecture. Advanced Liquid Cooling: Precision liquid cooling maintains optimal cell temperatures across all conditions, significantly reducing degradation and extending the battery lifecycle compared to conventional air-cooled systems. Applications The REX BESS 125kW/261kWh BESS is designed to address a wide spectrum of energy challenges across industries: Peak Load Management: Reduce electricity costs significantly through effective peak shaving and load shifting, lowering demand charges for commercial and industrial facilities. Renewable Integration: Enhance solar (PV) and wind energy utilization with stable, high-capacity storage — directly compatible with PV input through the integrated EMS architecture. Energy Backup: Provide reliable power supply during grid outages for uninterrupted operations in critical facilities, manufacturing units, and data centers. EV Charging Support: Enable efficient and scalable EV charging infrastructure with stable power delivery, supporting India's fast-growing electric mobility ecosystem. Grid Support: Strengthen power networks with distributed energy solutions — supporting frequency regulation, voltage stabilization, and load balancing for utilities. Energy Trading (Arbitrage): Maximize savings by leveraging energy price fluctuations — charging during off-peak hours and discharging during peak tariff periods. Technical Specifications — REX BESS-125kW/261kWh Technical Specifications — Rex BESS-125kW/261kWh DC Side Max Voltage 950V Max Current 160A Voltage Range 650~950V AC Grid Connection Max. Apparent Output 138kVA Max. Input Active Power 125kW Nominal Voltage 400Vac, 3P3W+PE / 3P4W+PE Max. Input Current 200A Nominal Input Frequency 50/60Hz AC Off-Grid Nominal Voltage 400Vac, 3P3W+PE / 3P4W+PE Max Output Current 200A Nominal Frequency 50/60Hz Battery Cell Capacity 314Ah (LFP) Capacity 261kWh Nominal Voltage 832V Voltage Range 728~910V C Rate ≤0.5C System Level HMI 7-inch touch screen Fire Safety Aerosol fire suppression Cooling Method Liquid Cooling Operating Temperature -20°C to 55°C IP Degree IP54 Dimensions (W×D×H) <1700×1350×2200mm Weight <3500kg Others MPPT 100kW (Optional) STS 200kW (Optional) Optimistic about the future, Bharat Chhittarka, Managing Director – Trex Energy opined, "With the REX BESS now available for deployment, Trex Energy is ready to partner with industries, renewable energy developers, and utilities across India who need proven, intelligent, and safe energy storage solutions. This is the system that will power the next generation of smart energy infrastructure." Availability & Deployment The REX BESS 125kW/261kWh BESS is now available for order and deployment. Trex Energy provides end-to-end support — from site assessment and system design to installation, commissioning, and ongoing maintenance. Customized configurations, including optional MPPT (100kW) and STS (200kW) integration, are available to suit specific project requirements. For inquiries, project consultations, or to schedule a demonstration, contact Trex Energy directly. For more information about the product and the brand please visit the website. About Trex Energy Trex Energy is a Hyderabad-based energy storage solutions company dedicated to designing and delivering advanced Battery Energy Storage Systems for commercial, industrial, and utility applications. With a tagline of "We Store Electrons," Trex Energy is committed to accelerating India's clean energy transition through innovative, reliable, and intelligent energy storage technology. Trex Energy operates from its registered offices in Hyderabad, Telangana and Pune, Maharashtra. For media queries please contact: Narayan Vasu | Sales Director - Trex Energy Tel: +91 98660 11445 Email: [email protected] Web: www.trexenergy.in Address: 8th Floor, Vamsiram Suvarnadurga Tech Park, Financial District, Nanakramguda, Hyderabad, Telangana 500032 Logo: https://mma.prnewswire.com/media/2995678/Trex_Energy_Logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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