📰 Today’s Highlights – 19 July 2025
The Indian rupee opens slightly stronger near ₹86/USD, benefiting from a pause in U.S. dollar strength and stability in Asian currencies. SEBI has proposed allowing mutual funds to blend value and contra funds and invest residual equity holdings across asset classes. Leaders of the INDIA bloc convene virtually tonight to strategize ahead of Parliament’s monsoon session. Meanwhile, JSW Steel raises concern over a surge in low‑priced steel imports after posting strong quarterly results.
Daily Current Affairs – MCQs (19 July 2025)
-
**What caused the rupee to open slightly stronger today?**A) Sharp oil price dropB) Pause in U.S. dollar rallyC) RBI interest rate cutD) Trade deal announcementAnswer: B) Pause in U.S. dollar rallyExplanation: A weaker dollar and a rebound in Asian currencies helped firm the rupee.
-
**What is the rupee’s projected opening range today?**A) ₹85.50–85.60B) ₹85.80–85.90C) ₹86.00–86.02D) ₹86.20–86.30Answer: C) ₹86.00–86.02Explanation: That is the expected opening range on the one-month forward market.
-
**What is the rupee’s correlation with Nifty 50?**A) 0.25B) 0.42C) 0.66D) 0.80Answer: C) 0.66Explanation: The one-month correlation has risen to a high of 0.66, reflecting its sensitivity to stock movements.
-
**What change did SEBI propose for mutual funds?**A) Ban crypto exposureB) Allow mixing value and contra fundsC) Mandate fixed-income onlyD) Reduce expense ratiosAnswer: B) Allow mixing value and contra fundsExplanation: SEBI suggested combining value and contra strategies with a cap on overlap.
-
**What new investment option did SEBI propose for equity schemes?**A) Crypto currenciesB) Global equitiesC) Debt, gold, silver, REITsD) Derivatives onlyAnswer: C) Debt, gold, silver, REITsExplanation: SEBI wants residual equity allocations to finance a broader asset mix.
-
**What major meeting is happening tonight?**A) RBI monetary policy panelB) INDIA bloc virtual meetingC) Cabinet reshuffle sessionD) Budget preparatory meetingAnswer: B) INDIA bloc virtual meetingExplanation: Opposition leaders will coordinate ahead of the Parliament session.
-
**Which issue is likely on the INDIA bloc agenda?**A) Foreign investment normsB) Political situation before Monsoon SessionC) GST rate overhaulD) Railway expansionAnswer: B) Political situation before Monsoon SessionExplanation: The bloc is meeting to align strategy ahead of the session.
-
**Which company flagged concerns of cheap imports after strong profits?**A) Tata SteelB) JSW SteelC) SAILD) Jindal SteelAnswer: B) JSW SteelExplanation: JSW Steel warned about low-priced steel imports following Q1 profit beat.
-
**Where are low‑priced imports primarily coming from?**A) JapanB) GermanyC) ChinaD) South KoreaAnswer: C) ChinaExplanation: The concern centered on cheap Chinese steel imports.
-
**What was the rupee's 1‑month implied volatility?**A) 2.1%B) 4.2%C) 6.5%D) 8.3%Answer: B) 4.2%Explanation: The implied volatility dropped to a one-month low, mirroring calm markets.
✅ Summary:
Today’s quiz delves into currency stability thanks to a softer dollar, SEBI’s proposed mutual fund reforms, strategic INDIA bloc political coordination ahead of Parliament, and industry worries over low-cost steel imports impacting domestic producers.
0 Comments