Quote on Rupee 01 February 2022 By Ms. Sugandha Sachdeva, Religare Broking Ltd
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/02/90edf804983d0b99b4f9307bbf69b063.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is quote on Rupee 01 February 2022 By Ms. Sugandha Sachdeva, Vice President - Commodity and Currency Research , Religare Broking Ltd
With a strong capex thrust of around 35 percent and focus on green energy transition, Budget 2022 is certainly growth and future-focused, which will provide a fillip to new-age businesses. As a strong backdrop, FY22 growth is estimated to be 9.2%, while the GST collections have been the highest on record at 1.41 lakh crore in January 2022. All of this augurs well for attracting inflows into the country. Though it’s a slightly relaxed fiscal deficit target pegged at 6.4% of the GDP, the government is moving towards its proposed glide path of 4.5% fiscal deficit target by FY26. Besides, the announcement of RBI backed digital rupee based on block chain technology to be introduced and imposition of tax on crypto assets at 30 percent, shall further boost inflows in the economy and aid better money management. As we gear up for higher growth with several forward-looking levers playing out, we reckon the Indian rupee to strengthen in the near term with key support seen at the 75.50 mark.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indiateam57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/munishakhatwal57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/tatapower57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MP Ahammed.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Fintech Pre-budget expectation.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/uttarpradesh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyberpeace.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f8722dc5cfdcb05d0a567e0df6a967e.jpg)
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/6969b83ea64c0afec30286eec2037095.jpg)
View on Currency Update By Heena Naik, Angel One Ltd
![Currency Article : Euro and Pound face a sudden blow; causes panic selling By Heena Naik, Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/582b7a650d07eaec3db7256b7e1f13a9.jpg)
![Quote on Akshaya Tritiya : From Last Akshaya Tritiya to date the yellow metal has given 18 - 20% returns on MCX Says Naveen Mathur, Anand Rathi Shares and Stock Brokers](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/c3ced9c811a791d921c8a97a67079630.jpg)
![Importance of Forex reserves and why RBI is hoarding reserves presently by Heena Naik, Angel Broking Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/05/f885bd0a7ada2c369460b1aefaf03c09.jpg)