Emerging Market Currencies

Most emerging market currencies were forecast to weaken or at best cling to a range over the year as currency strategists in the Oct. 29-Nov. 2 Reuters poll feared high commodity prices would further pressurise economies already struggling with elevated inflation.

Rupee will weaken to 63-64/$ by March 2015-end: Emkay

Emkay's latest assessment of EM currencies highlights conspicuous misalignment against the backdrop of generalized dollar strengthening -- a situation that can induce renewed volatility in EMs

Yuan weakness adds wrinkle to EM debt concerns

"We have warned investors that the level of corporate indebtedness within emerging markets would mean that a close eye should be kept on corporate solvency," Jefferies said in a note.

Rupee to stay stable ahead, Nifty rangebound: HSBC India

On Friday, the CSO said it sees the economy growing at 4.9% in FY14. Hitendra Dave of HSBC India is not concerned whether there will be an upside or a downside bias to this figure, but says the larger message that the market will be looking for is whether growth has bottomed out and that increasingly appears to be the case.

Expect rupee to open between 62.80 and 62.90/ USD

Much will depend on what happens in the equity markets. Yesterday saw FII selling as well and if there is a follow through of the nature we saw on Monday, then 63/USD could be taken pretty easily.

See rupee in 62-64/$ range; Fed taper in March: Macquarie

Currently the dollar index is at 81 and Nizam Idris of Macquarie feels dollar in the short-term probably is going to see a range of around 80-82. He feels this range will only be broken on the upside when taper becomes imminent.

World shares up on likely delay in Syria action

US President Barack Obama has set out the case for a limited military strike but divisions in Britain and among US lawmakers seem set to delay any imminent action, giving investors a reason to take a breather.

Growth, rupee tradeoff risk for mkt in medium-term: Experts

Market experts explain that the trade-off between growth and the rupee will start to become a major risk for the market in the medium term.

Rupee at new low: Market braces for more RBI tightening

The rupee was expected to start on the back foot today because of the dollar strength versus emerging market currencies, but nobody was quite prepared for this kind of a fall in the rupee. RBI steps are not working as the rupee hit fresh lows and maybe now the market is tightening its belt for more tightening

Yields may drop 15 bps further on no RBI action: Nomura

RBI cancelling T-Bills auction and taking much lesser amount in OMO auction has helped in keeping yields down, which is currently a little less than 8%. If there are no measures coming from the central bank until policy, then yields may drift further down, says Neeraj Gambhir, Managing Director & Co-Head, Fixed Income India, Nomura India.

Rupee ends at all-time low of 58.78/USD; Fed policy eyed

Indian currency rupee ended the trade at an all-time closing low of 57.78 against dollar Not only Indian rupee but currencies of other emerging markets were also battered ahead of Federal Open Market Committee meet scheduled tonight.

India to see big flows from Japan, avoid PSU banks: Kotak

Sandeep Bhatia said the current flow of liquidity from the US will tend to slow down in the next two years although it will be in abundance in Europe and Japan; and India can enjoy some of the benevolence coming from Japan.

Why the sell-off in rupee could worsen

The sell-off in emerging market currencies over recent months looks set to worsen, according to analysts, who point out India‘s rupee, Indonesia‘s rupiah, and to some extent, South Korea‘s won could face the brunt of the pressure.

Gold dips to 1-month low in commodities sell-off

Silver prices tumbled and gold dropped to one-month lows on Friday, amid a sell-off in commodities as fear heightened that the global economy could plunge back into a recession.

Rate hikes may impact India's growth story: Credit Suisse

Robert Prior-Wandesforde of Credit Suisse feels that the interest rate hikes by RBI are likely to impact India’s growth story. He expects another 25 basis points rate hike in October 25. However, he told CNBC-TV18 that India might start outperforming early in calendar 2012.