Heading into 2021, the prospects for a continued upswing in the domestic
currency appear upbeat, as India‘s economy is set to recover from
damage caused by the pandemic. The INR bulls remain hopeful the Finance
Ministry’s USD260 billion fiscal stimulus package would help revive the
economy.To get more news about
WikiFX, you can visit wikifx official website.
S&P Global Ratings upgraded India's FY21 Gross Domestic Product
(GDP) growth forecast to -7.7% vs. the previous estimate of -9%. For the
next fiscal year, the US-based ratings agency projected a 10% economic
growth rebound. The upward revision comes on the heels of a
faster-than-expected recovery, improving domestic consumption and
falling covid rates amid availability of the coronavirus vaccine.
The Wall