Indian boxers deliver record haul as Games reach close
Plus: The closing ceremony hands over to Ahmedabad, and the RBI prepares to hold rates steady.
TL;DR
- India's boxing contingent at CWG 2026 won 10 medals (7 gold, 3 silver) on August 1, including Tokyo Olympian Lovlina Borgohain's silver in the women's 75kg.
- The Commonwealth Games closing ceremony on August 2 formally hands hosting duties to Ahmedabad for the 2030 centenary Games, with a cultural showcase at Glasgow's Hydro arena.
- The RBI is likely to keep the repo rate unchanged at its August 3–5 meeting, with 95% of economists expecting no change amid global uncertainty and inflation risks.
Business and economy
RBI set to hold rates as inflation risks persist
The central bank's monetary policy committee is expected to keep the repo rate unchanged amid global uncertainties.
The Reserve Bank of India is likely to hold the repo rate steady at 5.25 per cent when its monetary policy committee meets on August 3–5, according to a report from SBI Research published August 1. Nearly 95 per cent of economists surveyed—68 of 72—expect no change at the upcoming meeting, as global uncertainty, persistent inflation risks and currency concerns outweigh India's stronger-than-expected growth rate, which still clocked 7.7 per cent in the previous fiscal year (via Business Today).
Sports
Indian boxers deliver record haul as Games conclude
A historic boxing performance on the penultimate day of Glasgow 2026 sends India's medal tally soaring.
Indian boxers achieved an unprecedented seven golds and three silvers on August 1 at the Commonwealth Games 2026, a record haul that underscored the depth of India's boxing talent in Glasgow. Preeti Pawar (women's 54kg), Jaismine Lamboria (women's 57kg), Sakshi Chaudhary (women's 51kg), Arundhati Choudhary (women's 70kg) and Priya Ghanghas (women's 60kg) all claimed gold, while Tokyo Olympic bronze medallist Lovlina Borgohain took silver in the women's 75kg after a narrow 4-1 loss to Australia's Emma-Sue Greentree. Jadumani Singh and Narender Berwal completed the medal tally with silver finishes (via Olympics.com).
Closing ceremony heralds Ahmedabad handover. The Commonwealth Games 2026 will close on August 2 at Glasgow's Hydro arena with India receiving the Games flag and formally taking over as host for the centenary 2030 edition in Ahmedabad. Shankar Mahadevan and Manushi Chhillar will lead a 20-minute cultural presentation celebrating India's heritage, fusing Indian classical music with Scottish traditions before the flag passes to the city that will host the Games for the first time (via ANI News).