S&P Global Ratings, “the chief economist for the Asia-Pacific region said on Wednesday. The real impact of India’s fiscal stimulus package is 1% of GDP.
“India faces a permanent impact of 10% on its level of GDP.”
“India is struggling to contain the virus, long blockages have hurt.”
“India has limited space to solve economic problems.”
The USD / INR is looking to extend the rebound from the five-week lows of 74.97 on Wednesday, now adding 0.24% to 75.28.