Fitch Ratings reiterated its "negative" outlook on India's sovereign credit rating, citing concerns about slowing economic growth, persistent inflationary pressures and an uncertain fiscal outlook. This will prevent rupee from big gains till the RBI meet on 29th January 2013. India was the top recipient of migrant remittances in 2012, according to a new report released by the World Bank. According to the report, India received $70 billion as migrant remittances in one year, followed by China
