Em Currencies

Emerging currencies are rebounding after suffering their worst quarterly drop since September 2022 in the final months of 2024 as traders priced expectations of a widespread trade war and a more hawkish Federal Reserve amid inflationary pressure in the US.

After RBI steps, rupee looks unlikely to hit 80 per dollar

RBI measures will bleed those with short rupee positions and they will desist from further speculative shorting, for fear that the central bank may announce more steps

Dollar threatens the emerging markets party

The currencies of developing economies have fared less well than anticipated, while the dollar has gained nearly 3 per cent in the first quarter of 2021

Fed’s neutral rate stance can have a positive rub off on Indian equities

A moderate rate path by Fed could ease off pressure on EM currencies and have a positive implications for EM in terms of fund flows, commodity imports and inflation.

India still a top pick within EM equities: StanChart

Although the rupee is at risk if the dollar continues to strengthen, the weakness would be limited and it would outperform other EM currencies going forward, says Manpreet Gill of Standard Chartered.

Hope rally on; pharma good buy on dips: Dipan Mehta

According to Dipan Mehta the correction seen in pharma stocks on back of the geo-political issues in Ukraine is an opportunity to buy into because going forward too there is growth coming in for pharma cos from US and developed East-European markets

Eyeing stable rupee, JPMorgan AMC to hike exposure to India

"If you see a stable currency environment and an improving economic picture in India, as we go into 2014, I think you will see money flowing into India," Richard Titherington told CNBC-TV18 in an interview.

Long-term rates in US to rise: JPMorgan Asset Management

Richard Titherington, MD & Head - Global Emerging Markets, JPMorgan Asset Management says earlier when the tapering talks had just started, EM currencies reacted rather violently. But now, with them being forewarned, EM currencies will still be under pressure but the reaction won‘t be as dramatic.

The party's on in emerging markets-here's why

"We have been looking to get long EM currencies for some weeks now, and while we have gapped today, we think EM FX will continue to gain in coming weeks," Jens Nordvig of Nomura Securities said.

Rupee can see 65/$ on good data, dollar pullback: Nomura

If there are any improvements in data in terms of current account, or a pullback in dollars rally against EM currencies, etc, then the market will first test the 65 against the dollar level, and if that breaks then from there it will move towards 62-63/ USD

Mkt will continue to suffer; weak global cues add to worry

According to Udayan Mukherjee, the Indian market is touching its all time lows suggesting a poor performance. Also, weak global cues this morning are a cause of worry and will add to the suffering.

See Nifty drifting to 5,750 eventually: Udayan

The big fundamental question for every investor remains that in a world where liquidity will slowly wane-off, how will emerging markets do as an asset class, says Udayan Mukherjee.

See trade deficit in range of $16bn/month: Barclays Cap

Siddhartha Sanyal of Barclays Capital believes that as gold becomes less of a lucrative import, trade deficit can come in the range of USD 16 billion a month and then it might significantly fall below USD 15 billion as well.

Dollar supply most effective tool to rescue rupee: Deutsche

Dollar supply in the short term could be the most effective tool, to contain rupee fall, but rupee is more vulnerable to more downside among other emerging markets, Sameer Goel, Head Of Asia Rates & Currency Research, DB.

India attractive, will buy aggressively: Adrian Mowat

Year-to-date the Indian equity market has outperformed EMs by 2 percent in dollar terms and by 6 percent in local currency terms.