
Indian economy resilient despite hostile challenges: Shaktikanta Das
India is a bright spot in an otherwise gloomy world; inflation remains elevated but breather in Nov, Dec, says Das.
India is a bright spot in an otherwise gloomy world; inflation remains elevated but breather in Nov, Dec, says Das.
The RBI Governor says the global trade outlook for 2023 remains "overcast", but greater intra-regional trade can enhance growth and job opportunities in the region.
The expected annual range for USD-INR is 77-84.5 for 2023, says South Korea-based Shinhan Bank in its recently published report.
Govt cites COVID-19 disruptions, rupee depreciation against the US dollar, and a high operating cost environment, especially due to an increase in ATF prices, for high losses of airlines.
The year proved to be a roller-coaster, not only from the geo-political perspective but also from the point of view of asset management and economics.
As per the RBI data, between the April and October period this year, the foreign direct investment (FDI) flows stood at $22.7 billion as against $21.3 billion in the same period last year.
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A flurry of macroeconomic data including CPI, WPI, trade exports and imports, and trade deficit numbers will be released this week, which can set tone for Indian equities.
FPI withdrawals hit ₹1.76 lakh crore in less than 10 months as global macros play spoilsport.
The Indian rupee has appreciated against all major currencies barring the US dollar, says RBI governor.