Moody’s Investors Service has revised upward India’s GDP forecast for the calendar year 2020 to -8.9% contraction from -9.6% projected earlier
Fitch and Crisil had projected a 5% contraction of the Indian economy too; Moody's forecast a shrink by 4% and the World Bank by 3.2%
If strong domestic equity markets and government's reopening plan for the domestic economy pushed the rupee up, gains in banking and financial services stocks made the domestic stock market rally for the fifth consecutive session
The foreign and local currency senior secured MTN programme ratings of the company has been downgraded to (P)B3 from (P)B2 as well
Moody's said weakening economic growth were rural financial stress, low employment generation and lack of liquidity were causing a low growth
The FATF continuing Pakistan in the greylist means its downgrading by IMF, World Bank, ADB, EU and a reduction in risk rating by Moody's, S&P and Fitch
मुंबई— सरकार का प्रमुख स्वास्थ्य बीमा योजना कार्यक्रम ‘आयुष्मान भारत’ बीमा कंपनियों की साख के लिये फायदेमंद होगी...