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Likely surge in bond yields along with rising Covid cases are expected to weaken the Indian rupee during the upcoming week.

The improvement in the economy comes over a GDP contraction of 7.3 per cent during 2020-21 due to the pandemic and resultant lockdown imposed to curb the spread of the deadly coronavirus.

In April 2020, most units reported nil output because of total lockdown

“We peg the GDP growth for the just-concluded quarter at 2%, suggesting that the double-dip recession implied for Q4 FY2021 by the NSOs second advance estimates for FY2021, was averted,” said Aditi Nayar, chief economist at ICRA. GDP grew 0.4% in the December quarter.

Source: Highlights The rate of price rise in the food basket accelerated to 3.87% in February, as against 1.89% in the preceding month, as per data released by NSO Inflation in the fuel and light category remained elevated at 3.53% during the month vis-a-vis 3.87% in January New Delhi: Retail inflation rose to a three-month high of 5.03 per cent in February mainly on account of higher food prices, government data showed on Friday. The Consumer Price Index (CPI) based retail inflation stood at 4...

Source: Highlights The worst performance was witnessed by the capital goods sector, which recorded a contraction of 9.6% during the month under review, compared to a 4.4% decline a year ago A contraction of 3.7% was registered in the mining sector in January, against a positive growth of 4.4% in the year-ago period New Delhi: Industrial production re-entered the negative territory by contracting 1.6 per cent in January, mainly on account of the decline in output of capital goods, manufacturing ...