🗞️ Daily News – July 31, 2025

🌍 Curated Global & Indian Headlines | Finance • Politics • Markets • Sports

1. U.S. Slaps 25% Tariffs on India Amid Rising Tensions

In a dramatic escalation, former U.S. President Donald Trump announced a 25% tariff on all major Indian exports to the U.S., set to take effect from August 1, 2025. Trump cited India’s continued military and energy cooperation with Russia as a primary reason, warning India against "further alignment with authoritarian regimes."

🔴 Trump’s words: “India and Russia will drag each other’s economies down together.”

📌 Impact:

  • Immediate backlash from Indian political parties, economists, and exporters.

  • Analysts fear an impending trade war, citing negative implications for India’s IT, pharma, and textile sectors.

💸 2. Indian Markets Nosedive on Tariff Shock

Reacting sharply to the tariff announcement, Dalal Street witnessed a panic sell-off:

  • BSE Sensex crashed 600+ points

  • Investor wealth eroded by over ₹5 lakh crore in 15 minutes

  • High volatility observed in banking, energy, and export-heavy stocks

💱 3. Rupee Suffers Its Worst Monthly Drop Since 2022

The Indian Rupee (INR) has ended July with a fall of over 3.5%, closing at ₹87.74 per USD. It’s the steepest monthly drop since September 2022.

📌 Key Drivers:

  • Foreign outflows due to global risk-off sentiment.

  • Reduced confidence post-trade tariff tensions.

  • Rising U.S. bond yields attracting investors away from emerging markets.

🏛️ 4. Indian Opposition Slams Modi Govt Over Trade Failure

Political parties have lashed out at the government for failing to prevent the diplomatic rift with the U.S.
Congress MP Shashi Tharoor stated:

“India is not out of options. We may have to walk away from unreasonable demands.”

📌 Parliament is likely to debate:

  • Foreign policy direction

  • Safeguarding trade interests

  • Strategic autonomy vs. global diplomacy

🏦 5. RBI Steps In with ₹50,000 Crore Liquidity Action

To calm markets and tighten monetary policy, the Reserve Bank of India (RBI) today conducted a ₹50,000 crore VRRR auction (Variable Rate Reverse Repo). The goal is to absorb excess liquidity and stabilize the rupee.

📌 This comes amid:

  • Fear of inflation from imported goods

  • Uncertain capital inflows

  • Weakening investor sentiment

🏏 6. India’s 5th Test Match in England – A Rain-Hit Challenge

During the 5th and final Test match, India faced a major setback as Shubman Gill was run out shortly after play resumed post rain interruption.

📌 Match Updates:

  • England leads by 135 runs (Day 4)

  • Pitch turning slower; advantage bowlers

  • Rain forecast remains for Day 5

📌 Summary Dashboard

CategoryKey Update
🌐 Global Trade        U.S. levies 25% tariffs on India exports
📉 Stock Market        Sensex drops 600+ pts; ₹5 lakh crore lost in value
💱 Currency        Rupee ends July at 87.74/USD – biggest monthly fall since 2022
🏛️ Politics        Indian opposition blames govt for poor diplomacy
🏦 RBI Response        ₹50,000 crore liquidity absorption via VRRR auction
🏏 Cricket        India struggles after rain-hit Test resumes with key wicket loss

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