📰 Today’s Highlights – 12 July 2025
The Reserve Bank of India has launched a major ₹25,000 crore buyback auction of three government securities to manage debt and bolster liquidity. Meanwhile, the rupee is poised to weaken slightly, trading in a narrow range of ₹85.70–85.74 as U.S. tariff threats loom. The monsoon wreaks havoc in North India—with Delhi and NCR bracing for heavy rain and heat, while warnings persist through July 13. Foreign exchange reserves remain robust at over $700 billion, strengthening India’s buffer against market volatility.
Daily Current Affairs – MCQs (12 July 2025)
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**What financial action did the RBI announce today?**A) Repo rate changeB) CRR increaseC) ₹25,000 crore G‑Sec buybackD) Forex interventionAnswer: C) ₹25,000 crore G‑Sec buybackExplanation: RBI will buy back three government securities totaling ₹25,000 crore to manage debt and support liquidity.
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**What is the main goal of the RBI's G‑Sec buyback?**A) Raise interest ratesB) Reduce government debtC) Promote exportsD) Attract foreign investmentAnswer: B) Reduce government debtExplanation: The auction aims to reduce outstanding liabilities and enhance financial management.
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**How is the rupee expected to perform today?**A) StrengthenB) WeakenC) Stay unchangedD) Volatile swingAnswer: B) WeakenExplanation: Forecast suggests a dip to ₹85.70–85.74 per USD due to U.S. tariff pressure.
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**What is the projected rupee opening range?**A) 85.50–85.60B) 85.70–85.74C) 85.90–86.00D) 86.10–86.20Answer: B) 85.70–85.74Explanation: Forward contracts indicate this range amid global dollar strength.
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**What external factor is pressuring the rupee?**A) Oil pricesB) U.S. tariff threatC) Interest rate hikeD) Domestic inflationAnswer: B) U.S. tariff threatExplanation: POTUS considering higher blanket tariffs is weakening Asian currencies.
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**What dual weather conditions are expected in Delhi today?**A) Heavy snow and coldB) Extreme heat and rainC) Clear skies, mild heatD) Fog and stormsAnswer: B) Extreme heat and rainExplanation: Delhi faces scorching heat along with monsoon showers.
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**How long will monsoon disruption likely continue in Delhi-NCR?**A) Through July 13B) One day onlyC) Through July 10D) Through July 20Answer: A) Through July 13Explanation: Heavy rainfall alerts extend to July 13, affecting Delhi, Haryana, Rajasthan.
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**What effect has the monsoon had on Delhi's climate?**A) Increased heatB) Temperature drop and floodingC) Clear skiesD) DroughtAnswer: B) Temperature drop and floodingExplanation: Persistent rains cooled the region but also caused flooding and disruption.
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**How high are India’s FX reserves as of late June?**A) $650 bnB) $700 bnC) $620 bnD) $680 bnAnswer: B) $700 bnExplanation: Forex reserves stood at $702.8 billion, boosting RBI’s buffer.
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**Why is the strong forex reserve significant?**A) Supports imports onlyB) Enhances rupee volatility bufferC) Reduces exportsD) Supports only gold purchasesAnswer: B) Enhances rupee volatility bufferExplanation: Large reserves and a smaller forward book help NM's intervention capacity.
✅ Summary:
Today’s quiz touches on RBI’s debt-management move, rupee sensitivity to global tariff threats, ongoing monsoon challenges in North India, and the strength of India’s foreign-exchange reserves.
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