📰 Today’s Highlights – 25 July 2025
The rupee slid to a one-month low of ₹86.6250 before marginal recovery to ₹86.5150, pressured by equity declines and persistent outflows. The newly signed India–UK Free Trade Agreement is hailed as a landmark shift in policy, aiming to eliminate tariffs on 99% of Indian exports and deepen strategic economic ties. India also resumed tourist visa issuance for Chinese nationals from 24 July—the first such move since 2020 border tensions. In corporate updates, Shriram Finance posted Q1 profit growth of 8.8% driven by healthy loan expansion, while SAIL doubled its profits year‑on‑year due to strong domestic demand and lower costs.
Daily Current Affairs – MCQs (25 July 2025)
-
What was the rupee’s closing level today?A) ₹86.00B) ₹86.30C) ₹86.5150D) ₹86.9000Answer: C) ₹86.5150Explanation: The rupee ended at ₹86.5150/USD after falling to a one-month low of ₹86.6250 amid equity sell-off and foreign capital outflows.
-
Why did the rupee weaken?A) RBI interventionB) Rising oil pricesC) Weak local equities and FII outflowsD) Strong imports of foreign currencyAnswer: C) Weak local equities and FII outflowsExplanation: Falling Sensex/Nifty and foreign investors exiting drove rupee pressure; private banks’ dollar sales limited losses.
-
Which major trade agreement was signed on 24 July?A) India–US interim dealB) India–EU investment pactC) India–UK Free Trade AgreementD) India–China trade corridorAnswer: C) India–UK Free Trade AgreementExplanation: PM Modi and UK PM Keir Starmer signed the landmark deal eliminating tariffs on textiles, whisky, cars, and giving Indian goods duty-free access to the UK.
-
What percentage of Indian exports to the UK will now be tariff-free?A) 50%B) 75%C) 99%D) 100%Answer: C) 99%Explanation: The agreement removes tariffs on roughly 99% of Indian exports to the UK.
-
Which sectors in Gujarat are expected to benefit most from the UK FTA?A) Mining & heavy machineryB) Textiles, gems, chemicals & IT servicesC) Oil & gasD) Automobile onlyAnswer: B) Textiles, gems, chemicals & IT servicesExplanation: The state stands to benefit significantly in textiles, gems & jewellery, chemicals, pharma and IT services due to tariff cuts and smoother compliance.
-
What visa category did India resume issuing to Chinese citizens?A) Student visasB) Business visasC) Tourist visasD) Medical visasAnswer: C) Tourist visasExplanation: Tourist visas for Chinese citizens resumed from 24 July, the first issuance in five years since the 2020 border standoff.
-
Shriram Finance’s quarterly profit rose by what percent YoY?A) 4.5%B) 8.8%C) 12.3%D) 15%Answer: B) 8.8%Explanation: Shriram Finance posted an 8.8% profit rise to ₹21.56 bn in Q1, slightly below expectations due to high funding costs but healthy loan growth.
-
What loan segments drove Shriram’s growth?A) Housing loansB) Corporate loansC) Small business & two-wheeler loansD) Agricultural loansAnswer: C) Small business & two-wheeler loansExplanation: B2B and two-wheeler loans surged ~35% and ~23% respectively, driving volume growth in SME portfolios.
-
Which state-owned firm doubled its profit in Q1 due to strong demand and lower steel imports?A) Tata SteelB) JSW SteelC) SAILD) HindalcoAnswer: C) SAILExplanation: Steel Authority of India reported more than double YoY profit (~₹9.68 bn) thanks to lower costs, higher demand and tariff-protected prices following April import taxes.
-
What broader outlook is expected for the rupee next week?A) Strong appreciationB) Continued slide toward ₹86.80C) Complete stabilizationD) Sharp volatility spikeAnswer: B) Continued slide toward ₹86.80Explanation: Analysts anticipate rupee pressure ahead as tariff deadlines, Fed and BoJ policy decisions, and trade talks loom; support levels tested near ₹86.70–86.80.
✅ Summary:
Today's questions address India–UK FTA breakthroughs, resumption of Chinese tourist visas, rupee volatility under global headwinds, and corporate Q1 highlights from Shriram Finance and SAIL.
0 Comments