Bullish positions in the Indian rupee firmed over the past two weeks, a Reuters ...
- Bullish positions in the Indian rupee firmed over the past two weeks, a Reuters poll showed on Thursday, ahead of general election, while long positions in the yuan unwound on concerns over slowing domestic demand and uncertainty around Sino-U.S. trade talks.
The confidence rode on brightening re-election prospects of Prime Minister Narendra Modi and his ruling Bharatiya Janta Party, translating into inflows of $5.99 billion so far this year into equities.Meanwhile, bullish bets on the Chinese yuan receded after a raft of weak economic data showed faltering momentum of external trade and domestic demand, and lack of clarity on trade negotiations between China and the U.S.
Reuters on Thursday reported that China and the U.S. had made progress in all areas in trade talks but sticking points still remained and there was no definite timetable for a deal. Besides Philippines and India, Indonesia has room to reverse some of last year’s multiple interest rate hikes aimed at protecting the local unit from emerging market turmoil, economists said.Last week, the Philippine central bank kept its benchmark interest rate steady for a third straight meeting. However, it warned that there were risks to economic growth in 2019 if a budget impasse in Congress was not resolved soon.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AP Photos: Saris stand out on Indian fashion runwayNEW DELHI (AP) — It's fashion season in India's capital, with the country's top designers showcasing their latest collections to lure the rapidly growing domestic and export markets for Indian...
Read more »
Indian PM Modi plans national broadcast on WednesdayIndian Prime Minister Narendra Modi will broadcast an address to the nation at 1...
Read more »
Hostile Indian IT bid does not computeLarsen & Toubro’s $2 bln tilt offers a measly premium for outsourcer Mindtree. The buyer’s vow to keep the outfit separate to its existing IT businesses seems odd, and deprives the target of a higher-performing parent. A sweeter price and a clearer plan could seal a better deal.
Read more »
Task Force to Look Into Child Sexual Abuse in Indian Health ServiceThe Trump administration will convene a task force to examine why a pediatrician was allowed to sexually abuse Native American boys for decades while working for the Indian Health Service and try to prevent such a crime from happening again.
Read more »
Indian soldier kills three comrades in disputed Kashmir – Pakistan-IndiaMeanwhile, an Indian soldier was killed in the latest exchange of fire with Pakistani forces across the de-facto Line of Control (LoC) border.
Read more »
Indian state open for talks with Uber rival Ola over banThe southern Indian state of Karnataka kept the door open on Saturday to talks w...
Read more »
A two-wheeler reflects the stops and starts of Indian capitalismThe Jawa brand makes a triumphant return to India after a half-century absence
Read more »
Give finger spinner a role at World Cup, says HarbhajanHarbhajan Singh dismissed a trio of top batsmen in the Indian Premier League&03...
Read more »