Ella 
The Indian rupee fell on Wednesday amid thin trading due to holidays. The Indian rupee fell lower on Wednesday, Fitch Ratings predicted in its latest “Corporate India: Industry Trends 2024” research report , India’s recovery in economic growth will boost the performance of the corporate sector and offset the weakness brought about by global market challenges. Furthermore, Fitch, the leading credit rating agency, also noted that India is expected to be the fastest growing economy in the world with GDP growth of 6.5% in the financial year 2024-2025.
Despite the strong macroeconomic picture, investors will be keeping a close eye on developments in food inflation and how the upcoming Indian elections in 2024 will ultimately impact economic policy going forward. Later this week, the market will be quiet in the last week of 2023, and market risk sentiment is expected to continue to affect currency trends.
