The interim Budget will be presented on February 1, 2024 by Finance Minister Nirmala Sitharaman. Mehta Equitees, in an exclusive interview with Good Returns speaks about their expectations from the Budget, and the trajectory of the Indian rupee going forward. Two key factors in the interview that were pointed out is that Indian rupee is expected to be stable post-Budget, and dollar status as standard currency is becomming less important. In case of India, the process of de-dolarization has already begun, by tying up with Russia and Saudi Arabia in cross-border trade in their respective currency. Hence, the status of US dollar being the standard currency is becoming less important.
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