📰 Today’s Highlights – 26 July 2025
The Indian rupee closed at ₹86.5150/USD—its third consecutive weekly drop—as weak equity markets and continued foreign portfolio outflows persisted, pushing it to a one-month low before a slight recovery. Meanwhile, India and New Zealand wrapped up their second round of Free Trade Agreement negotiations in New Delhi, with a third round scheduled in September to boost goods, services, and investment links. On the corporate front, India’s SAIL posted a more-than-doubled Q1 profit on rising domestic steel demand and input cost relief.
Daily Current Affairs – MCQs (26 July 2025)
-
**Where did the rupee close today?**A) ₹86.00B) ₹86.3000C) ₹86.5150D) ₹86.8000Answer: C) ₹86.5150Explanation: The rupee ended at ₹86.5150, after earlier falling to a one-month low near ₹86.6250 amid equity weakness and capital outflows.
-
Why did the rupee weaken?A) RBI hawkish stanceB) Rising oil pricesC) Weak local stocks and FII outflowsD) Heavy import demand for the euroAnswer: C) Weak local stocks and FII outflowsExplanation: A slump in Indian equities and foreign portfolio investor selling drove rupee depreciation, despite limited dollar selling by banks.
-
**What important trade development occurred this week?**A) India–EU FTA signedB) India–US interim deal signedC) India–New Zealand second FTA round concludedD) India–China tariff agreementAnswer: C) India–New Zealand second FTA round concludedExplanation: India and New Zealand concluded the second negotiating round in Delhi, covering goods, services, investment, and trade facilitation; the next round is slated for September.
-
**What is the aim of the India–New Zealand FTA talks?**A) Restrict tradeB) Increase bilateral trade and investmentC) Facilitate only engineering jobsD) Limit immigrationAnswer: B) Increase bilateral trade and investmentExplanation: Negotiations focus on comprehensive trade facilitation across key sectors, aiming to bolster economic ties.
-
**How much did SAIL’s Q1 profit increase year‑on‑year?**A) Rose by 20%B) DoubledC) Declined by 10%D) FlatAnswer: B) DoubledExplanation: SAIL posted consolidated profit more than twice YoY (~₹9.68 bn), driven by strong domestic demand and lower input costs after import tariffs.
-
**What price control aided SAIL’s margins this quarter?**A) High global steel pricesB) Temporary steel import tariffC) Fuel subsidiesD) Currency appreciationAnswer: B) Temporary steel import tariffExplanation: A temporary 12% import duty on steel restricted cheap imports, supporting domestic prices and margins.
-
**What is the rupee’s likely support range in the near term?**A) ₹85.00–85.50B) ₹86.00–86.20C) ₹86.70–86.80D) ₹87.00–87.50Answer: C) ₹86.70–86.80Explanation: Traders expect depreciation bias; forecasted range suggests testing support at ₹86.70–86.80.
-
**What would likely lift the rupee if conditions improve?**A) Softening U.S. trade tensionsB) Rising oil pricesC) Strong domestic bond issuanceD) Higher U.S. gold purchasesAnswer: A) Softening U.S. trade tensionsExplanation: Positive developments in U.S. trade talks could lift risk appetite, offering support to the rupee.
-
**How long has the rupee been sliding until today?**A) One weekB) Two weeksC) Three weeksD) Four weeksAnswer: C) Three weeksExplanation: The rupee logged a third straight weekly decline, dropping around 0.4% over the week.
-
**What global events may influence the rupee next week?**A) OPEC meetingB) Fed and BoJ policy decisions plus U.S. tariff deadlineC) India’s monsoon forecast updateD) India’s budget sessionAnswer: B) Fed and BoJ policy decisions plus U.S. tariff deadlineExplanation: Traders anticipate volatility ahead of Fed, BoJ meetings and the looming August 1 U.S. tariff deadline.
✅ Summary:
Today’s quiz focuses on rupee pressures from weak markets and capital outflows, ongoing India–New Zealand FTA negotiations, and strong Q1 performance at SAIL. Let me know if you’d like more MCQs or another format!
0 Comments