Indian Rupee Forecast in 2021

  • January 6, 2021 6:19 AM PST
    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 [url=https://www.wikifx.com/]WikiFX[/url], 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.