The MPC, which has cut rates by 100 bps this year, is expected to hold the rates on October 1, a Moneycontrol poll of economist, fund managers and treasury heads has said
The rupee opened today at over one-year high at 65.40 per dollar, a gain of 29 paise versus previous close of 65.69. On Wednesday, the rupee had closed at a 16-month high.
The dollar index collapsed to its lowest level in a month after President elect Donald Trump described dollar as too strong. The dollar fell 1.3 percent Tuesday against a basket of major peers to its lowest level since December 7. There may be near-term weakness in the dollar index, said Khoon Goh, Head-Asia Research at ANZ Research.
Fed chair Janet Yellen also said that there is a possibility of three hikes by the US Fed in next three years. This is likely to make investors cautious, believes Seth Freeman of CEO & Chief Investment Officer of EM Capital Management.
Speaking to CNBC-TV18 Daniel Hynes, ANZ Research said that over the past day or so there has been a bit of selling of the yellow metal.
Speaking to CNBC-TV18 Khoon Goh of ANZ Research said that he sees the dollar paring back recent gains. Markets will be choppy until the outcome of the US polls.
Daniel Hynes, Senior Commodity Strategist, ANZ Research expects crude oil market to come to a balanced position in the near-future.
Safe haven currencies like the US dollar and yen will appreciate in the event of Britain deciding to leave the Eurozone, says Khoon Goh, Senior Foreign Exchange Strategist, ANZ Research.
As the OPEC members meet Thursday was fairly co-operative, the market seems to have taken comfort from the outcome, says Daniel Hynes of ANZ Research.
Saudi Arabia, a key oil producer, may not agree to freeze production without Iran doing so first, says Daniel Hynes of ANZ Research.
There is a likelihood of ECB cutting deposit rates by 10 basis points and increasing quantitative easing by another 10-20 billion euros, says Hartmut Issel of UBS.
In an interview to CNBC-TV18's Ekta Batra & Anuj Singhal, Khoon Goh, Senior Fx Strategist at ANZ Research shared his reading and outlook on money market.
Daniel Hynes, Senior Commodity Strategist at ANZ Research says the talk might be gaining interest, but data and actions seem to be opposite to what market has been hearing for the moment.
Khoon Goh, Senior Rates Strategist at ANZ Research says the weakness in Indian currency is purely in line with other Asian currencies. He expects Yuan to touch 6.65 by the end of the year.
Even as much attention had been laid on China deciding to depreciate its currency recently, the world's second largest economy on Friday launched a trade-weighted yuan index, a move that an expert believes will help it depreciate more.
The OPEC has decided not to cut its oil production and neither has US, therefore weakness for crude in the short-term is give, says Daniel Hynes, Senior Commodity Strategist at ANZ Research.
Daniel Hynes of ANZ Research says it is unlikely that OPEC will cut production going ahead
The rupee on Thursday slipped 24 paise to 66.56 against the US dollar, hitting its lowest level since September 16.
The dollar weakness was on account on some weakness in the US data and some comments from Fed officials that rate hike might not come in this year, said Khoon Goh, ANZ Research.
Speaking about the rally seen in gold, Daniel Hynes of ANZ Research said for the time being gold could even see levels of USD 1200 per ounce on back of currency movements in Asia and seems to be a safe haven for commodity investors.
Khoon Goh, ANZ Research, Singapore explains a large part of the currency slippage can be attributed to oil price fall. He said the rupee could not withstand the peer pressure despite being a major benficiary of lower oil prices.
The rupee depreciated 0.36 percent to touch 65 to a dollar against yesterday's closing of 64.77.
In an interview with CNBC-TV18, Victor Thianpiriya, head-commodity research at ANZ Research said the gold prices might fall further from here
He feels the metals market should start to recover in the second half of this year and gradually improve over the course of the next few years, Daniel Hynes, senior commodity strategist at ANZ Research says
According to Irene Cheung of ANZ Research, it is obvious that India is affected or impacted more by domestic cues than global issues.