INSUBCONTINENT EXCLUSIVE:
On Thursday,the rupee had settled 4 paise higher at 71.08 against the dollar.
The rupee on Friday
weakened by 17 paise to close at 71.25 against the dollar as concerns related to fiscal slippage weighed on the sentiment after the interim
budget unveiled some big measures ahead of the general elections, reported news agency Press Trust of India (PTI) report
Rising crude prices weighed on the local unit, while, heavy buying in domestic equities restricted the slide in the local unit to some
extent, traders were quoted as saying in the PTI report
On Thursday,the rupee had settled 4 paise higher at 71.08 against the dollar
has pegged the fiscal deficit target at 3.4 per cent of gross domestic product (GDP) for financial year 2019-20, Union Minister Piyush Goyal
elections, cutting taxes for middle-class voters and giving cash handouts to farmers
This, however, will widen its fiscal deficit targets for the current and next financial year, analysts said.Brent crude, the global oil
benchmark, meanwhile, was trading higher at $60.97 per barrel, higher by 0.21 per cent.Equity benchmark Sensex ended 212.74 points, or 0.59
per cent, higher at 36,469.43, despite the government presenting a populist budget carrying fiscal fragilities
1,315.89 crore from the capital markets on a net basis on Friday, while domestic institutional investors sold shares worth Rs 5.07 crore,
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