Federal Fiscal Deficit, INR

The Federal Fiscal Deficit, released by the Controller General of Accounts, is the difference between the amount the government takes in as revenue against its overall spending. Generally speaking, if the reading is negative, it means the Indian accounts are in a surplus, and that should be positive (or bullish) for the Rupee. On the other hand, a growth in the federal deficit is considered negative (or bearish) for the Rupee.