In its latest client note published on Tuesday, Upasana Chachra, Economist at Morgan Stanley India, made a downward revision to the FY 2020 Indian GDP growth forecasts by 20bps amid policy handicap and ongoing trade tensions. Key Quotes: “Delays in policy transmission are affecting the domestic demand outlook, and continued trade tensions are weakening the external demand outlook. FY20 GDP growth target reduced to 6.3% from 6.5% and for FY21 to 6.8% from 7.2%. As such, continued weakness in incoming growth data and delay in policy measures to fix the risk aversion in the financial sector are bringing downside to the domestic demand outlook in the near term. We believe fiscal policy has limited wriggle room, especially in the near term, to provide a boost. We cite the elevated level of augmented deficit.” India GDP growth seen at 5.7% in Q1 – Nomura USD/INR technical analysis: MACD portrays buyer exhaustion near short-term key supports 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 GBP/USD: negative phase seen ending above 1.2195 – UOB FX Street 4 years In its latest client note published on Tuesday, Upasana Chachra, Economist at Morgan Stanley India, made a downward revision to the FY 2020 Indian GDP growth forecasts by 20bps amid policy handicap and ongoing trade tensions. Key Quotes: "Delays in policy transmission are affecting the domestic demand outlook, and continued trade tensions are weakening the external demand outlook. FY20 GDP growth target reduced to 6.3% from 6.5% and for FY21 to 6.8% from 7.2%. As such, continued weakness in incoming growth data and delay in policy measures to fix the risk aversion in the financial sector are bringing downside to… 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.
