S&P reaffirms India's stable outlook


Despite slowing India’s GDP growth in Q2, S&P Ratings reaffirmed sovereign rating of India at BBB- with a stable outlook, India’s Economic Affairs Secretary Atanu Chakraborty tweeted out on Tuesday.

Key Quotes:

“They have stated that India's economy continues to achieve impressive long-term growth rates despite a recent deceleration.”

"S&P expects the Indian economy to continue to out-perform its peers and that the growth will remain strong over the next 2 years."

It’s worth noting that Moody’s Investors Service cut India credit rating outlook to negative last month, in the face of worsening shadow banking crunch and a prolonged economic slowdown.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

AUD/USD: Bears attack 0.7700 ahead of China GDP

AUD/USD extends Friday’s downbeat momentum towards the 0.7700 threshold at the start of Monday’s Asian session. The Aussie pair declined the most since late October the previous day as the US dollar benefitted from the risk-off mood.

AUD/USD News

GBP/USD: Battles 1.3600 inside monthly rising wedge on 4H

GBP/USD fails to keep the uptick beyond 1.3606 during the initial Asian trading on Monday. The cable dropped to the lowest since January 12 on Friday but couldn’t slip beneath the 100-bar SMA.  The rising wedge formation on ...

GBP/USD News

Gold: Further decline toward $1,800 remains on the cards

Gold failed to stage a convincing rebound this week. After losing more than 2% in the previous week, the XAU/USD pair extended its slide on Monday and touched its lowest level since early December at $1,817. 

Gold news

Darkest before dawn

The upcoming economic news is likely to be dreadful, and if it is not dreadful, it will be mostly ignored. This includes the release of the preliminary January PMI figures at the end of the week. Japan is extending its national emergency to another five prefectures, which collectively account for over half of the nation's GDP.

Read more

DXY breaks above key downtrend, eyes move above 91.00

USD has been strongly supported on what has shaped up to be a very much risk off final trading day of the week. Most G10/USD pairs have seen significant weakness, aside from CHF/USD and JPY/USD, given that the two currencies are also considered “safe havens”.

US Dollar Index News

Forex MAJORS

Cryptocurrencies

Signatures