bank Nomura expects the Indian economy to contract -15.2%<\/a> in the April \u2013 June quarter, followed by a -3% contraction in the next quarter. Nomura doesn\u2019t forecast GDP growth in any quarter this year. Although the outlook from Moody\u2019s is more encouraging.<\/p>\nUS Dollar investors are looking ahead to US Federal Reserve Jerome Powell\u2019s speech tomorrow at the Jackson Hole symposium. Market participants are expecting some clues as to where the central bank sees monetary policy heading.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The US Dollar Indian Rupee (USD\/INR) exchange rate is edging higher for a second consecutive session on Wednesday. The pair trades +0.1% higher as 74.26 as it continues to pick up from Monday\u2019s low of 73.96. Global investment bank Nomura expects the Indian economy to contract -15.2% in the April \u2013 June quarter, followed by […]<\/p>\n","protected":false},"author":163946597,"featured_media":47323,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1693,1381],"tags":[1655,1666,1397,1398],"class_list":{"0":"post-103786","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inr","8":"category-usd","9":"tag-indian-rupee","10":"tag-inr","11":"tag-us-dollar","12":"tag-usd"},"acf":[],"yoast_head":"\n
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