📰 Today’s Highlights – 29 July 2025
The Indian rupee weakened further to around ₹86.6650, edging down 0.2% due to month‑end dollar demand from importers, even as capital flows stabilized and equity markets lagged. Markets remain cautious ahead of major upcoming events including the U.S.–EU trade pact, Fed and BoJ meetings, and the looming August 1 tariff deadline. Meanwhile, India and New Zealand have concluded the second round of FTA negotiations in Delhi, with a third round set for September in New Zealand. Analysts forecast a modest depreciation bias for the rupee within a narrow trading band.
Daily Current Affairs – MCQs (29 July 2025)
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By how much did the rupee weaken today?**A) 0.1%B) 0.2%C) 0.4%D) 1.0%Answer: B) 0.2%Explanation: It declined approximately 0.2% to ₹86.6650 due to importer dollar demand at month-end.
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What drove the rupee’s decline today?**A) RBI tighteningB) Importer dollar demandC) Strong domestic equitiesD) Global oil price shockAnswer: B) Importer dollar demandExplanation: Month-end dollar demand by importers and foreign banks pressured the rupee.
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What key developments are markets watching in the coming week?**A) India–EU college exchangeB) Fed & BoJ decisions and U.S. tariff deadlineC) New RBI leadershipD) Indian monsoon revivalAnswer: B) Fed & BoJ decisions and U.S. tariff deadlineExplanation: Central bank decisions, labor/inflation U.S. data, and the August 1 tariff deadline are in focus.
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What was last week’s trend for the rupee?**A) Improved strengthB) FlatC) Down ~0.4%D) Gained 1%Answer: C) Down ~0.4%Explanation: Rupee lost about 0.4% over the week, settling around ₹86.5150 before today's dip.
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Which event occurred recently between India and New Zealand?**A) CeasefireB) First FTA roundC) Second FTA round concludedD) Defence pactAnswer: C) Second FTA round concludedExplanation: The second round of FTA talks took place in Delhi from July 14 to 25.
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When and where is the next round of the India–New Zealand FTA talks scheduled?**A) August virtuallyB) September in New ZealandC) October in IndiaD) November after trade deadlineAnswer: B) September in New ZealandExplanation: The third round is planned in New Zealand in September, with intersessional virtual meetings ahead.
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What approximate range is the rupee expected to trade in next?**A) ₹85.50–85.80B) ₹86.20–86.90C) ₹87.00–87.50D) ₹85.80–86.00Answer: B) ₹86.20–86.90Explanation: Traders anticipate a slight depreciation bias within ~₹86.20 to ₹86.90.
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Which event boosted global risk sentiment but had limited impact on the rupee?**A) India–UK FTAB) U.S.–EU trade dealC) U.S.–China ceasefireD) Fed rate hikeAnswer: B) U.S.–EU trade dealExplanation: The U.S.–EU deal improved sentiment but rupee gains were capped by persistent outflows.
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Which outflow figures were reported on 24 July?**A) $750m equities totalB) $50m in equities/bonds combinedC) $231m equities + $55m bondsD) No significant outflowsAnswer: C) $231m equities + $55m bondsExplanation: On 24 July, FIIs sold $231.1 million in equity and $55.2 million in bonds.
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Which benchmark yields is expected to hold within a narrow band?**A) Indian 5‑year bondB) Indian 10‑year bondC) U.S. corporate bondsD) Japanese bond yieldsAnswer: B) Indian 10‑year bondExplanation: The 10‑year Indian government bond yield is seen trading between 6.31%–6.38% amid cautious markets.
✅ Summary:
This quiz touches on the rupee’s subtle weakness driven by importer demand and portfolio outflows, cautious market sentiment ahead of central bank decisions and trade deadlines, and advancing India–New Zealand FTA talks affecting regional trade strategy.
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