Fitch Solutions anticipated that the current cycle of rupee devaluation has not yet ended and that rupee will continue to lose its value against the US dollar, considering the high demand for foreign currency to pay for imports and repay colossal foreign debt.
Singapore, September 21 (ANI): Fitch Solutions said on Tuesday that India's ethanol consumption will increase over the next few years, driven primarily by the government's desire to support the sugar sector by boosting ethanol production but also because of the recovery in road travel follow
Singapore, September 14 (ANI): Fitch Solutions said on Tuesday it expects cotton production in India to fall by one per cent year-on-year to 28.3 million 480lb bales in 2021-22 (previously two per cent growth) due to lacklustre rainfall throughout July and August, the main planting times.
Singapore, Sep 9 (ANI): Fitch Solutions has forecast Nepal's real GDP growth to strengthen to 5 per cent in FY22 (mid-July 2021to mid-July 2022) from the provisional estimate of 4 per cent in FY21.
Singapore, September 3 (ANI): Fitch Solutions said on Friday it expects gold prices to trade sideways over the coming months along with bouts of volatility as conflicting factors continue to affect the asset.
Singapore, Aug 28 (ANI): Fitch Solutions has forecast real household spending in India to post a growth of 8.9 per cent year-on-year in 2021 following a contraction of 9.3 per cent in household spending estimated over 2020.
Singapore, August 20 (ANI): Fitch Solutions on Friday revised up both 2020 estimate and 2021 forecast for Bhutan's real GDP growth to minus 1.8 per cent and 4 per cent from minus 2.4 per cent and 2.9 per cent previously.
Singapore, July 29 (ANI): Fitch Solutions on Thursday revised up again its 2021 price forecast for sugar as prices have remained more supported than it was expecting amid bad weather in Brazil.
Singapore, July 28 (ANI): Rising internet usage, increasing middle class with greater consumer spending power and the youth demographic representing a greater share of the country's population are driving the Indian e-commerce market's ongoing development, Fitch Solutions has said.
Singapore, June 22 (ANI): The recently announced electric vehicle (EV) incentives by India along with high fuel prices will be supporting factors for stronger adoption of EVs over 2020-2023, leading to an average annual growth rate of 26 per cent, Fitch Solutions said on Tuesday.
Singapore, June 14 (ANI): Fitch Solutions said on Monday it expects the rupee to continue trading in a range between INR72.30/USD and INR75/USD over the remainder of the year.