Indian Rupee Steady Against U.S. Dollar
February 27 2015 - 5:28AM
RTTF2
The Indian rupee was steady against the U.S. dollar in evening
deals on Friday, ahead of the Union Budget due to be unveiled on
Saturday.
Finance Minister Arun Jaitley will present the Modi government's
first full-year budget for the fiscal year 2015/16, with
expectations riding high that the government may deliver a wave of
measures to put Asia's third-largest economy on a path of 8-9
percent growth over the next two years.
According to the Economic Survey for 2015-16, India's economic
growth is expected to be 8.1-8.5 percent in the next fiscal year,
higher than the 7.4 percent growth projected for 2014-2015 year.
The survey was released ahead of federal budget announcement for
2015/16 fiscal year that begins on April.
The rupee was trading around Thursday's closing value of 61.73
against the greenback.
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