The stock market keeps going through sharp ups and downs. But the immediate deciding factor next week will be the government's vote of confidence
Last updated: 14-Nov-2022•Markets Desk
While downgrades were more or less anticipated, when they did take place it affected sentiment. Fitch revised its outlook on India's long-term local currency Issuer Default Rating (IDR) to Negative from Stable. The reason: "The revision to the local currency outlook is based on a considerable deterioration in the central government's fiscal position in 2008-09 (FY09), combined with a notable increase in government debt issuance to finance
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