USD/INR Price News: Rupee steadies above 72.50 as S&P roots for India’s economic recovery

In its latest economic assessment report, the S&P Global Ratings noted that the Indian economy remains on track for the post-pandemic recovery in the fiscal year 2021/22.

Additional points

“India federal budget to support economic recovery.”

“India banking system performance likely to start improving materially in fiscal 2023.“

“India economic recovery faces potential risk from new, more contagious COVID-19 variants.”