1. Indian Rupee Slumps to Record Low; RBI Intervention Contained Losses
The Indian rupee dipped to a record low of ₹88.36 per US dollar, triggered by investor apprehension over potential new tariffs from the U.S. The Reserve Bank of India intervened through state-owned banks near the ₹88.30 mark to stabilize the currency. Meanwhile, foreign portfolio investors withdrew $1.4 billion in September, part of a larger $16 billion outflow through 2025.
MCQs:
-
What was the record low of the Indian rupee against the US dollar?
A) ₹85.00
B) ₹88.36
C) ₹90.15 -
Who intervened to limit the rupee’s losses?
A) Ministry of Finance
B) Reserve Bank of India via state-owned banks
C) Securities and Exchange Board of India (SEBI) -
How much did foreign portfolio investors withdraw in September 2025?
A) $500 million
B) $1.4 billion
C) $5 billion
2. India Announces Support for Exporters Hit by U.S. Tariffs
India’s Finance Minister, Nirmala Sitharaman, confirmed that the government will roll out support packages for exporters impacted by the U.S.-imposed 50% tariffs on Indian goods, aiming to cushion the blow and sustain economic stability.
MCQs:
-
Who announced the support packages for affected exporters?
A) RBI Governor
B) Finance Minister Nirmala Sitharaman
C) Commerce Minister -
What was the approximate rate of tariffs imposed by the U.S. on Indian exports?
A) 25%
B) 50%
C) 75% -
What is the intended purpose of these support packages?
A) To subsidize domestic consumption
B) To help exporters cope with U.S. tariffs
C) To boost tourism
3. India Celebrates Teacher’s Day 2025 with National Awards
September 5 marks Teacher’s Day in India, commemorating Dr. S. Radhakrishnan’s birthday under the theme "Inspiring the Next Generation of Learners." The government also presented the 2025 National Teachers' Awards to 45 outstanding educators, with President Droupadi Murmu presiding over the ceremony.
MCQs:
-
Which day is celebrated as Teacher’s Day in India?
A) September 5
B) September 15
C) October 5 -
Who presented the National Teachers’ Awards in 2025?
A) Prime Minister
B) President Droupadi Murmu
C) Vice President -
How many educators were honored with the National Teachers’ Awards this year?
A) 25
B) 45
C) 60
4. Singapore Parliament Opens for 15th Term
Singapore’s parliament is convening today for its 15th term. The session is expected to address pressing concerns such as cost of living, employment, and future national direction.
MCQs:
-
Which country’s parliament is opening its 15th term?
A) India
B) Singapore
C) Malaysia -
Which topics are expected to dominate the parliamentary agenda?
A) Space research
B) Cost of living and jobs
C) Climate change -
The opening of which numbered term is Singapore’s parliament entering?
A) 10th
B) 12th
C) 15th
