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RBI likely intervenes to support rupee, traders say

MUMBAI, Aug 10 (Reuters) – The RBI (Reserve Bank of India) likely ​intervened in the foreign ‌exchange market on Monday to support the rupee, ​four traders told Reuters, ​amid lingering uncertainty over ⁠conflict in the Middle ​East. The rupee clung to ​a narrow trading range and was at 95.2275 per dollar, ​little changed from ​its close at 95.2075 in the ‌previous ⁠session. The central bank has intervened frequently over recent sessions, which traders reckon ​is ​intended ⁠to reinforce its recovery from near ​record lows in ​late ⁠July. State-run banks were spotted offering dollars, most likely ⁠on ​behalf of the ​RBI,

PM’s image destroyed’; Modi, Shah cannot escape consequences of their actions: Rahul

New Delhi, Aug 10 (PTI) Upping the ante against the government over the alleged police “brutalities” against student protesters, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday pushed for Home Minister Amit Shah’s resignation and claimed that Prime Minister Narendra Modi’s image has been “destroyed” and can never be rebuilt. The former Congress president said the youth of India will not allow the prime minister and the home minister, or any official, to escape the consequences of their actions. On July 20, 2026, thousands of youths across India demanded accountability from those they elected to office and

Trump announces staff secretary Will Scharf will be his new White House counsel

WASHINGTON, August 10, 2026 (AP) — President Donald Trump announced Sunday that his new White House counsel will be Will Scharf, the staff secretary who as the Trump-appointed head of the National Capital Planning Commission helped secure approval for the $400 million ballroom project. Trump said that, beginning Sept. 1, Scharf will be replacing David Warrington, who will be leaving the administration to join the private sector. Trump noted that Scharf previously served as a federal prosecutor and represented him in a number of cases, including at the Supreme Court. “Will is Tough, Strong, and Smart! He also loves our

Stock markets decline in early trade on spike in crude oil prices

Mumbai, Aug 10 (PTI) Market benchmark indices Sensex and Nifty drifted lower in early trade on Monday amid a spike in crude oil prices due to geopolitical uncertainties. The 30-share BSE Sensex dipped 19.38 points to 78,479.79 in early deals. The 50-share NSE Nifty skidded 5.10 points to 24,567.45. Later in the trade, the BSE benchmark declined 158.62 points to 78,340.55, and the Nifty edged lower by 45.20 points to 24,524.95. From the Sensex pack, Eternal, State Bank of India, InterGlobe Aviation, Power Grid, NTPC and Bharti Airtel were among the laggards. Titan, Infosys, Tech Mahindra and HCL Tech were

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