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Rupee to Slightly Decline Against USD in 2025, Yet Surpass Many Global Peers

share-iconThursday, January 02 comment-icon4 weeks ago 11 views
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indiatimesINDIATIMES
Rupee to Slightly Decline Against USD in 2025, Yet Surpass Many Global Peers

Credited from: INDIATIMES

  • The rupee is projected to face a slight depreciation in 2025 due to fluctuations in foreign portfolio investor flows and a potentially stronger US dollar according to a Bank of Baroda report.
  • Despite a 2.8% dip in 2024, the Indian Rupee has outperformed various global currencies with the help of the Reserve Bank of India's interventions in the forex market.
  • As of December 20, 2024, India’s foreign exchange reserves were at $644.3 billion, supported by a favorable current account balance and declining crude oil prices.
  • Optimism around India's equity markets is rising for 2025, boosted by expected growth in rural spending and government expenditure.
  • The RBI is considering a potential rate cut in February 2025, aiming to foster economic growth while maintaining a fiscal deficit target of 4.9% of GDP.

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Rupee Usd Depreciation Bank of baroda Foreign exchange Reserve bank of india Equity markets 2025 outlook
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A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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