Rupee Hits Record Low, Sensex Tumbles: How Will Sitharaman Navigate Budget Amidst Global Pressures?
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With her hands tied, what actions will Union Finance Minister Nirmala Sitharaman take in the Union Budget 2025to give a fillip to the stock market, encourage capital expenditure or boost exports when the rupee will remain vulnerable? Days before Finance Minister Nirmala Sitharaman presents Union Budget 2025-26, the Indian Rupee has hit the record low and touched 86.2050 against the US Dollar on Monday. Is it just a coincidence that BSE Sensex tumbled 800 points down when the opening bell rang? How will these two factors among others impact first full Budget of Modi 3.0? The Indian Rupee came under pressure after the US job data showed the addition of 2,86,000 new jobs last month, indicating that the Federal Reserve may hold at least for some time any decision to slash the interest rate as the unemployment rate has come down to 4.1% surprisingly. There are other factors too like increased yield on US Treasury bills. Will Weak Rupee Complicate Issues For Nirmala Sitharaman? The w...