Rupee doing well as compared to other currencies against US dollar, says World Bank economist
Continuous hike of key rates by the US Fed has led to the strengthening of dollar at the rupee's expense.
Stay updated with breaking news from India Development Update. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Continuous hike of key rates by the US Fed has led to the strengthening of dollar at the rupee's expense.
The World Bank has revised India's GDP forecast upward to 6.9% for this fiscal. It's notable that the bank had cut India's GDP growth forecast to 6.5% from 7.5% in October.
NEW DELHI, Dec 6: The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy was showing higher resilience to global shocks. In its India Development Update, the World Bank said the revision was due to higher resilience of the Indian economy to global shocks and better-than-expected second quarter numbers. India’s economy grew at 6.3 per cent in September quarter 2022-23 as compared to 13.5 per cent in the […]
Cross-linked news, and information resources about World Bank