â€We expect reverse repo rate to be hiked with other rates unchanged. We do not expect any major tweaks to GDP or inflation forecasts.â€
The Budget 2022’s infra spend will further provide support to the economy in FY23.
At the interbank foreign exchange, the rupee opened at 74.65 against the American dollar, and later witnessed an intra-day high of 74.57 and a low of 74.80 against the US Dollar.
Hong Kong share market finished session lower on Tuesday, 08 February 2022, amid concerns about rising tensions between the worlds two largest economies after the U.S. Commerce Department had added 33 Chinese entities to its unverified list, which requires U.S. exporters to go through more procedures before shipping goods to the entities. The news of the U.S. unverified list is having a large impact on […]
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