Ella 
The Indian Rupee (INR) is set to start the new week on a positive note on Monday. Foreign capital inflows and intervention by the Reserve Bank of India (RBI) have been supporting the Indian rupee from a sharp depreciation. The Indian government on Friday released its first estimates (FAEs) of India’s gross domestic product (GDP). The report shows that India’s gross domestic product (GDP) will grow by 7.3% this fiscal year (2023-24), slightly higher than the 7.2% growth in the 2022-23 fiscal year.
Separately, the United Nations (UN) noted in a report that India’s economic growth will slightly fall to 6.2% this year from the projected 6.3% growth in 2023, but will still maintain its position as the world’s fastest-growing major economy.
Investors will focus on the U.S. Consumer Price Index (CPI) for December due later on Thursday. Headline CPI is expected to rise 3.2% year over year, while core CPI is expected to slow to 3.8% from 4.0%. India’s industrial production and manufacturing output for November will be released on Friday.
