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Rupee relatively better placed than other global currencies against dollar, says FM Sitharaman

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Amid the rupee declining against the US dollar, Finance Minister Nirmala Sitharaman on Thursday said the Indian currency is relatively better placed than other global currencies against the greenback. Emerging market currencies have been falling against dollar amid geopolitical tensions in the wake of the Russia-Ukraine war, concerns over growth, high global crude prices, sustained …

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Rate hike not surprising, says FM Nirmala Sitharaman

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[ad_1] Finance minister Nirmala Sitharaman on Saturday asserted that the rising interest rate scenario is unlikely to derail the government’s plans for a record budgetary capex of Rs 7.5 trillion in FY23 to spur economic growth. The Goods and Services Tax (GST) Council, the minister said, is unlikely to consider rate rationalisation in its next …

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