OctaFX | OctaFX Forex Broker
Open trading account
Back

Source: India's economic survey likely to forecast 2020/21 growth at 6%-6.5% - Reuters

Reuters quotes a source with the knowledge of the matter, saying that an economic survey, due to be announced by India’s Chief Economic Adviser Krishnamurthy Subramanian later on Friday, is likely to project economic growth of 6% to 6.5% in the next Fiscal Year (FY) starting April 1.

Meanwhile, the government has estimated gross domestic product expansion at 5% for the financial year ending on March 31, which would be the slowest pace since the global financial crisis of 2008/09.

 The government will present its budget for the next fiscal year on Saturday.

The Indian rupee trades on the front foot ahead of the key announcements, keeping USD/INR under pressure around 71.50 region.

  • India: GDP likely grew by 5.0% over 2019 – TD Securities

GBP/USD stays positive on the Brexit day, eyes on UK PM Johnson’s speech

GBP/USD holds onto recovery near 1.3100 while heading into the London open on Friday, the Brexit day.
Read more Previous

USD/CHF Price Analysis: 21-day SMA limits immediate downside

USD/CHF takes the bids to 0.9707 during the pre-Europe session on Friday. In doing so, the pair repeats the tendency of staying beyond 21-day SMA.
Read more Next
Start livechat