Rising prices of fuel and essential commodities amidst the Covid-19 pandemic have hit the finances of the people, with a majority of consumers surveyed foreseeing a decline in their income as well as savings during the fiscal, according to a survey.
This was the worst year for Indian capital markets in terms of overseas investment since 2002, the last year for which segregated FPI data for equity and debt markets are available.
The rise in the rupee was also supported by dollar-selling by exporters and banks and the US unit's weakness against some currencies overseas, traders said.
Mumbai: The dramatic fall in global crude prices is a big boost for India as it can bring down the country's annual oil import bill by about $50 billion, RBI deputy governor Urjit Patel said
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