Impact of the COVID-19 outbreak on India’s economic activity is emerging in hard data. Economists at ANZ Bank expect a severe decline in Q1 FY21 growth. USD/INR is sitting at 76.2805. Key quotes “Even after the lockdown is lifted, activity will only regain momentum slowly. A V-shaped recovery is unlikely.” “India’s fiscal deficit will not be a concern for the government in these unprecedented times, in our view. We expect another round of stimulus, focused on small businesses and sector specific assistance.” “The Reserve Bank of India (RBI) will continue to do its bit. We expect another 50bp reduction in the policy repo rate, on or before their June meeting.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil: The depth of cuts disappoints – OCBC FX Street 2 years Impact of the COVID-19 outbreak on India’s economic activity is emerging in hard data. Economists at ANZ Bank expect a severe decline in Q1 FY21 growth. USD/INR is sitting at 76.2805. Key quotes “Even after the lockdown is lifted, activity will only regain momentum slowly. A V-shaped recovery is unlikely.” “India’s fiscal deficit will not be a concern for the government in these unprecedented times, in our view. We expect another round of stimulus, focused on small businesses and sector specific assistance.” “The Reserve Bank of India (RBI) will continue to do its bit. We expect another 50bp reduction in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
