Fixed Income And Currency Market

18 Oct 2020

U.S. Stimulus Impasse and Rising COVID-19 Cases Drives USD Higher.

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INR ended the week lower against USD last week after IMF forecast that the Indian economy would contract by -10.3% this year after being severely hit by the coronavirus lockdown. However, the IMF was upbeat regarding its recovery saying that India was well placed to start recovering from the crisis with the support from fiscal and monetary policy.

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Ketan Verma
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