Gold Silver Reports (GSR) – India Likely to Meet Fiscal Deficit Target of 3.3%: Moody’s — Rating agency Moody’s said on Thursday that it expects India to meet its fiscal deficit target of 3.3% of GDP for FY19, on the back of commitment to fiscal consolidation and attainable budgetary targets.
Credit Rating
Rupee Scales New 2-Month High of 64.50
Gold Silver Reports -✅ Rupee Scales New 2-Month High of 64.50 — Showing resistance against early volatility, the rupee on Monday surged by a hefty 20 paise to end at a fresh two-month high of 64.50 even as S&P kept India’s credit rating unchanged. The rupee marked its best closing since September 20. It had tumbled to a low of 64.83 in early trade.
Moody’s has Raised India Credit Rating From the Lowest Investment
Gold Silver Reports – Credit rating company Moody’s Investors Service on Friday upgraded India’s sovereign rating by a notch in a ringing endorsement of the Narendra Modi government’s reforms policy.