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Market awaits outcome of the US central bank meeting

Will budget sops help India reach $5t economy goal? India will make a push for growth in the forthcoming budget next month. Photo: Reuters India’s economy is expected to contract 7.7 per cent in the current financial year ending on March 31. The Indian government’s aim to make the nation a $5 trillion economy did encounter loads of challenges in 2020, despite multiple stimulus and sops to pare the impact of the novel coronavirus disease (Covid-19) outbreak to propel the economy towards growth. Non-resident Indians (NRIs) globally have moved back home for multiple reasons and are now tryin...

Rupee slips against dollar in early trade, reaches 19.88 vs dirham PTI/Mumbai Photo: Reuters The domestic unit opened at 73.07 against the US dollar, registering a fall of 3 paise over its previous close. The rupee opened on a flat note and depreciated 3 paise to 73.07 against the US dollar in opening trade on Friday tracking the muted opening in domestic equities. At the interbank forex market, the domestic unit opened at 73.07 against the US dollar, registering a fall of 3 paise over its previous close. Against the UAE dirham, the rupee was trading at 19.88 at 9:30am (UAE time), according t...