Indian rupee opened flat at 86.63 against US dollar

Indian rupee opened flat at 86.63 against US dollar

Indian rupee opened almost flat at 86.6338 against the US dollar, as compared to 86.6250 at previous close against the greenback.

This was ahead of the release of Economic Survey later today.

The Economic Survey for 2024-25 will be tabled before both the Houses of Parliament on January 31, the first day of the Budget Session, presenting the Finance Ministry's view on the state of the economy.

Later in the day, Government's Chief Economic Adviser V Anantha Nageswaran will be speaking to media, sharing his insights from the Economic Survey.

The survey has always been presented a day before the Union Budget, barring election years, when the Centre instead presents an interim financial statement or a Vote on Account, and the full version is unveiled after the formation of the new government.

However, in a break from tradition, last year, the government presented a 'review' on January 31, 2024, ahead of the interim budget for 2024-25. The Economic Survey 2023-24 however, was presented a day before the full Budget in July 2023, after the new government had been sworn in.