The battered rupee will weaken further against the dollar over the coming year as a significant pickup in economic growth is unlikely, according to a Reuters poll of strategists who said the coronavirus outbreak was a downside risk.While Reserve Bank of India Governor Shaktikanta Das has said reviving growth was a ‘national objective’ in coordination with the government, the latest budget provided only minimal support to the slowing economy.That comes as a deadly coronavirus epidemic that is spreading globally has spooked investors and sent them rushing for cover into safe-haven assets and shunning emerging markets.
Related Posts
Aakash launches NCERT Crash Course
Aakash Educational Services Limited (AESL), the national leader in test preparatory services, in association with Airtel DTH, has launched India’s…
Assam logs 39 new Covid-19 cases
The northeastern state of Assam has reported 39 new COVID-19 cases, which pushed the tally to 7,41,541. The death toll…
Rahul Mahajan’s wife Natalya hosts a grand bash for Bigg Boss 14 winner Rubina Dilaik, Abhinav Shukla, Nikki Tamboli and others
Rahul Mahajan’s wife Natalya hosts a grand bash for Bigg Boss 14 winner Rubina Dilaik, Abhinav Shukla, Nikki Tamboli and…