📰 Today’s Highlights – 15 July 2025
The Indian rupee remained anchored near ₹86 per US dollar as markets await the upcoming US inflation data, while foreign investors sold $523.6 million in equities but bought $31.4 million in bonds on July 11. An Indian trade delegation arrives in Washington to advance negotiations on a first-phase mini trade deal with the US. Meanwhile, External Affairs Minister Jaishankar met China’s President Xi Jinping in Beijing during SCO talks, emphasising a long-term outlook in India-China relations. India’s retail inflation dropped to a six‑year low of 2.10% in June, largely due to soft food prices, potentially opening space for RBI rate cuts.
Daily Current Affairs – MCQs (15 July 2025)
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**At what level did the rupee trade ahead of US inflation data?**A) ₹85.50B) ₹86.00C) ₹86.50D) ₹87.00Answer: B) ₹86.00Explanation: The rupee traded near ₹86 per dollar, with the 86–86.10 zone identified as a key supply area.
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**How much did FPIs sell in Indian equities on July 11?**A) $100 millionB) $523.6 millionC) $1 billionD) $1,000 millionAnswer: B) $523.6 millionExplanation: Foreign Portfolio Investors sold a net $523.6 million in equities.
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**How much did FPIs buy in Indian bonds on the same day?**A) $10 millionB) $31.4 millionC) $100 millionD) $200 millionAnswer: B) $31.4 millionExplanation: They invested a net $31.4 million in bonds.
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**What is the purpose of the Indian delegation visiting Washington?**A) Cultural exchangeB) Security pactC) Mini trade deal first phaseD) Visa negotiationsAnswer: C) Mini trade deal first phaseExplanation: India's delegation is negotiating the first phase of a mini trade agreement with the US.
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**Who is expected to lead India’s trade negotiations in the US?**A) Piyush GoyalB) Rajesh AgrawalC) Nirmala SitharamanD) Subrahmanyam JaishankarAnswer: B) Rajesh AgrawalExplanation: Chief trade negotiator Rajesh Agrawal will join discussions on Tuesday.
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**Whom did EAM Jaishankar meet in Beijing during SCO talks?**A) President PutinB) President Xi JinpingC) PM AbeD) Chancellor MerkelAnswer: B) President Xi JinpingExplanation: Jaishankar met Xi Jinping, emphasising a “far‑seeing approach” in bilateral relations.
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**What diplomatic approach did Jaishankar emphasise?**A) Short-term gainsB) Military build-upC) Far‑seeing, long-term engagementD) Trade-only focusAnswer: C) Far‑seeing, long-term engagementExplanation: He highlighted the need for a long-term, forward-looking partnership.
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**What did India’s retail inflation fall to in June?**A) 1.0%B) 2.10%C) 3.5%D) 4.5%Answer: B) 2.10%Explanation: June CPI dropped to 2.10%, the lowest since January 2019.
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**Which factor primarily contributed to the inflation slowdown?**A) High fuel pricesB) Food price declinesC) Increased taxesD) Wage hikesAnswer: B) Food price declinesExplanation: Food inflation fell by 1.06%, leading the CPI cooling.
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**Why might the RBI consider further rate cuts?**A) To curb inflationB) To boost growth amid low inflationC) To strengthen the rupeeD) To raise export ratesAnswer: B) To boost growth amid low inflationExplanation: With inflation at a six-year low, there's room for growth-supportive monetary easing.
✅ Summary:
Today's quiz covers rupee stability ahead of US inflation data, FPI outflows from equities with bond inflows, India's pursuit of a mini trade deal, renewed diplomatic engagement with China, and a significant cooling in retail inflation that may pave the way for further RBI rate cuts.
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