USD/INR drifts higher despite thin trading
Indian Rupee (INR) edges lower on Wednesday amid the holiday season's thin trading.
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Indian Rupee (INR) edges lower on Wednesday amid the holiday season's thin trading.
New Delhi, 24 December: Fitch Ratings, a prominent credit rating firm, anticipates a surge in corporate demand in India propelled by the nation's steadfast economic growth. In their latest research report titled 'India Corporates: Sector Trends 2024,
This follows the robust performance of the corporates in 2023 and will offset weakness from slowing growth in key overseas markets, the credit rating firm said in its latest report on 'India Corporates: Sector Trends 2024'
Rising demand and easing input cost pressure should boost margins of the corporates in the next financial year, Fitch said.
Fitch said that with strong domestic demand growth, it is expected that India will be among the world's fastest-growing countries, with resilient GDP growth of 6.5 per cent during the fiscal 2024-25.