📰 Today’s Highlights – 21 July 2025
The Indian rupee edged lower to ₹86.15 per US dollar, influenced by a resurgent US dollar fueled by strong US economic data and reduced expectations of Fed rate cuts; it’s projected to move between ₹85.80 and ₹86.70 this week. Market focus shifts to upcoming comments from Fed Chair Powell and key US data releases. Meanwhile, RBI bond yields remain steady as India’s inflation eases to multi-year lows and rate-cut bets grow. Domestically, SEBI is considering extending the maturity of derivatives contracts to curb short-term speculation and improve market stability.
Daily Current Affairs – MCQs (21 July 2025)
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**Where did the rupee close today?**A) ₹85.80B) ₹86.00C) ₹86.15D) ₹86.50Answer: C) ₹86.15Explanation: The rupee slid to ₹86.1475 amid a US dollar surge driven by strong US data.
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**What has driven the recent US dollar rebound?**A) Weak US jobs dataB) Strong US economic indicatorsC) Fed rate cutsD) Political instabilityAnswer: B) Strong US economic indicatorsExplanation: Robust US data has reduced rate-cut expectations and lifted the dollar.
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**What is the rupee’s expected weekly range?**A) ₹86.50–87.00B) ₹85.00–85.50C) ₹85.80–86.70D) ₹85.30–86.00Answer: C) ₹85.80–86.70Explanation: Projection outlined in market assessments.
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**What might affect bond yields domestically?**A) Global oil pricesB) US trade tensionsC) RBI bond issuancesD) High inflationAnswer: C) RBI bond issuancesExplanation: Local bond yields are steady but could rise slightly due to government bond issuance.
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**What is the probability of a US rate cut by September?**A) 25%B) 53%C) 75%D) 90%Answer: B) 53%Explanation: Market sees just over 50% chance of a September rate cut by the Fed.
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**What international remarks are market watchers watching next?**A) ECB minutesB) Comments by BoJ GovernorC) Fed Chair Powell’s statementsD) IMF forecastsAnswer: C) Fed Chair Powell’s statementsExplanation: Powell's remarks could shape future market expectations.
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**What has SEBI proposed to enhance derivatives market quality?**A) Ban retail tradersB) Extend contract tenureC) Limit index tradingD) Raise margin requirementsAnswer: B) Extend contract tenureExplanation: SEBI wants to extend maturity of derivatives contracts to curb short-term speculation.
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**What issue has surged in the derivatives market prompting SEBI action?**A) High-frequency tradingB) CryptocurrenciesC) Short-term retail speculationD) Offshore participationAnswer: C) Short-term retail speculationExplanation: Retail-driven short-term derivatives trading has dominated volumes.
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**What percentage of retail traders made losses in FY2025 through F&O?**A) 50%B) 75%C) 91%D) 99%Answer: C) 91%Explanation: SEBI data shows 91% of retail F&O users posted net losses.
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**Why did SEBI bar Jane Street and seize $567m?**A) Tax evasionB) Crypto manipulationC) Index manipulation via derivativesD) Money launderingAnswer: C) Index manipulation via derivativesExplanation: SEBI banned Jane Street and seized funds for manipulating benchmarks through derivatives positions.
✅ Summary:
Your quiz today spotlights the rupee’s slide amid strong US data, shifting rate-cut expectations, RBI’s steady bond yields, and SEBI’s measures to strengthen market stability, including curbing retail speculation and cracking down on manipulative trading.
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