The rupee, which is hitting lifetime lows lately and has breached the 91-mark, will appreciate and is expected to be at the 89-90 level in FY27, according to Careedge Ratings
Representation Pic/Istock
India’s real gross domestic product (GDP) is likely to grow at 7.5 per cent in FY26 and moderate to 7 per cent in the subsequent fiscal year, a domestic rating agency said on Wednesday.
The rupee, which is hitting lifetime lows lately and has breached the 91-mark, will appreciate and is expected to be at the 89-90 level in FY27, according to Careedge Ratings.
The growth momentum will be supported by factors like comfortable inflation, lower interest rates and lower tax burden, chief economist Rajani Sinha said, adding that a likely US-India trade deal would provide further impetus.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
