📰 Today’s Highlights – 10 July 2025
India reels from the aftermath of the Bharat Bandh, as numerous unions in Punjab’s Ludhiana join the strike over contract jobs and labour law changes. Despite tariff tensions, the rupee gained slightly today, supported by broader Asian currency trends and muted tariff impact. The IMD confirms July’s rainfall remains on track, with Kolkata already recording one-third of its monthly average. Meanwhile, SBI signals scope for further repo rate cuts if needed, balancing deposit growth considerations and surplus liquidity.
Daily Current Affairs – MCQs (10 July 2025)
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**Which city’s workers joined Bharat Bandh today over contract job issues?**A) MumbaiB) LudhianaC) PatnaD) KolkataAnswer: B) LudhianaExplanation: Thousands of contractual workers in Ludhiana joined the strike demanding job regularisation and worker-friendly policies.
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**What triggered the Ludhiana protests?**A) Fuel price hikesB) Contractualisation and dilution of labour lawsC) Healthcare reformsD) Education policyAnswer: B) Contractualisation and dilution of labour lawsExplanation: Workers protested changes weakening protections and shifting to contract jobs.
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**How many contractual workers were affected in Ludhiana?**A) ~3,000B) ~7,000C) ~10,000D) ~15,000Answer: B) ~7,000Explanation: Around 7,000 workers, including those in public transport, participated.
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**How did the rupee perform today?**A) WeakerB) Slightly strongerC) UnchangedD) Volatile and fluctuatingAnswer: B) Slightly strongerExplanation: The rupee opened slightly stronger (~85.60–85.62) after tariff concerns were muted.
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**What was the rupee’s trading range indicated by forward contracts?**A) 84–85B) 85.60–85.62C) 85.74–85.78D) 86–87Answer: B) 85.60–85.62Explanation: One-month NDF showed an opening range of 85.60–85.62.
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**What impacted Asian currencies and the rupee today?**A) Oil price dropB) Tariff tensions from the U.S.C) Local inflation dataD) RBI policy changeAnswer: B) Tariff tensions from the U.S.Explanation: Trump’s tariff announcements had limited impact, mildly affecting Asian currencies.
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**How much rainfall has Kolkata recorded so far in July?**A) 100 mmB) 125 mmC) 152 mmD) 200 mmAnswer: C) 152 mmExplanation: By day nine, Kolkata received 152 mm—over one-third of the 396 mm monthly average.
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**What monsoon trend continues according to IMD?**A) Below normal rainfallB) Normal rainfallC) Above-normal rainfallD) Uneven rainfall with dry spellsAnswer: C) Above-normal rainfallExplanation: IMD forecasts July rainfall above 106% of the long-period average.
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**What did SBI say about repo rate in 2025?**A) No cuts expectedB) Potential for 25 bps cutC) Increase likelyD) Unrelated to economic dataAnswer: B) Potential for 25 bps cutExplanation: SBI flagged scope for a 25 bps repo rate cut later in 2025 to support growth.
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**What’s SBI’s concern regarding lower rates?**A) Decline in loan demandB) Difficulty attracting depositsC) Decline in profitabilityD) Regulatory restrictionsAnswer: B) Difficulty attracting depositsExplanation: With lower deposit rates, drawing deposits is becoming challenging for banks.
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