by OverviewFX | Dec 3, 2024 | Industry
Morgan Stanley has again cut its GDP growth projection for India to 6.3 per cent for this fiscal year, down from its earlier estimate of 6.7 per cent. This come days after India’s GDP slowed to a seven quarter low in the July-September quarter. Morgan Stanley...
by OverviewFX | Dec 3, 2024 | Industry
The Indian rupee fell to a record low on Monday, hurt by concerns about a sluggish economy after the country’s GDP growth dropped to a seven-quarter low, while declines in most regional currencies also heaped pressure on the local unit.The rupee fell to 84.6075...
by OverviewFX | Dec 3, 2024 | Industry
The currency weakened 0.2% on the day, its worst single day fall since June 4 Lok Sabha election results.The rupee declined to its weakest level on record on Monday, hurt by concerns about economic growth slowing to its lowest in seven quarters alongside strong dollar...
by OverviewFX | Dec 3, 2024 | Industry
Warren Stephens, an investment banker and billionaire who donated to President-elect Donald Trump’s rivals before eventually supporting him in the 2024 race, was tapped as Trump’s ambassador to Britain on Monday.The selection of Stephens for the...
by OverviewFX | Dec 2, 2024 | Industry
By Shaloo ShrivastavaBENGALURU – India’s factory growth cooled in November yet maintained a strong pace, leading to significantly improved optimism despite demand easing a bit due to higher price pressures, a business survey found.Asia’s...
by OverviewFX | Dec 2, 2024 | Industry
A hiccup in India’s world-beating economic growth may exacerbate near-term weakness in stocks, according to strategists. The economy expanded at the slowest pace in almost two years in the September quarter, data Friday showed. Market participants expect a pickup in...
