1. UPI Records Over 23.66 Billion Transactions in July, Digital Payments Continue to Surge
India's Unified Payments Interface (UPI) processed 23.66 billion transactions in July, marking another milestone for the country's digital payments ecosystem. The Department of Financial Services thanked citizens for driving the digital payments revolution and reaffirmed the government's commitment to strengthening cashless transactions.
2. Global Crude Oil Prices Decline; Brent Falls Below $82 Per Barrel
Global crude oil prices traded lower on Tuesday, with Brent crude declining 2.6% to $81.57 per barrel, while West Texas Intermediate (WTI) fell 3.3% to $77.65 per barrel during intra-day trading amid easing market sentiment.
3. Rupee Ends Lower Against US Dollar
The Indian rupee depreciated by 4 paise to close at ₹95.38 against the US dollar in the foreign exchange market on Tuesday, reflecting continued pressure from global currency movements.
4. Gold and Silver Prices Extend Gains in Domestic Market
Precious metals continued their upward trend, with 24-carat gold rising 0.8% to ₹1,44,170 per 10 grams, while silver gained 2.1% to ₹2,21,740 per kilogram. Gold futures on the Multi Commodity Exchange (MCX) also traded about 1% higher during the session.
5. Government Dismisses Social Media Claims on Fuel Adulteration
The Ministry of Petroleum and Natural Gas has rejected viral social media claims alleging fuel adulteration or contamination. The ministry clarified that Oil Marketing Companies (OMCs) regularly monitor fuel quality through stringent testing protocols and advanced quality control mechanisms, assuring consumers that fuel supplied across the country meets prescribed standards.
