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Currencies

Dip in Asian currencies, outflows likely to keep up pressure on rupee

MUMBAI (Reuters) -The Indian rupee is expected to open weaker on Friday and trade with a modest depreciation bias amid a dip in its regional peers and lingering pressure from portfolio outflows as investors gird for an upcoming news-heavy week. The 1-month non-deliverable forward indicated the rupee will open around 86.48-86.50 versus the U.S. dollar, compared with 86.4050 in the previous session. Asian currencies were down between 0.1% and 0.3%, while the dollar index ticked up to 97.5, as investors braced for U.S. President Donald Trump's tariff deadline, a Federal...
Currencies

Surging Asian Currencies Spur Hunt for Winners in Stock Markets

(Bloomberg) -- A recent surge in Asian currencies is shifting the outlook for the region’s equities, with money managers and strategists favoring stocks tied to local consumption and expecting a return of global funds. Most Read from Bloomberg Morgan Stanley strategists said they like markets including India and the Philippines, where stocks tend to be more geared toward domestic demand. They favor sectors such as real estate and financials. Aberdeen Investments prefers defensive plays like consumer and healthcare stocks, while Societe Generale SA sees India as a major beneficiary from...
Currencies

Indian Markets Steady Amid Global Uncertainty and FPI Inflows

Indian stock markets witnessed a subdued opening on Tuesday as benchmark indices remained nearly flat, with investors keeping a keen eye on impending global developments, especially the U.S. Federal Reserve's policy meeting commencing later today. Geopolitical tensions between India and Pakistan further tempered market sentiments, although the steady influx of investments from foreign portfolio investors (FPIs) provided some support to Indian equities.The Nifty 50 index initiated trading at 24,500.75, reflecting a rise of 39.60 points or 0.16 percent, while the BSE Sensex opened at 80,907.24, marking an increase of...