• About Us
  • Contact Us
  • Daily Investment
  • Privacy Policy
Social icon element need JNews Essential plugin to be activated.
  • Login
Investment.Ceo
  • Investing
    • All
    • Cryptocurrencies
    • Earnings
    • Others
    • Real Estates
    • Stocks
    5321

    Crypto Flash Crash Wipes Out $400 Billion In Market Value On Bitcoin Day As El Salvador’s President ‘Buys The Dip’

    5313

    These 14- and 9-year-old Siblings Earn Over $30,000 A Month Mining Cryptocurrency

    5189

    Market Sentiment

    5084

    Top 5 NFT Games Aside from Axie Infinity

    5080

    How Do NFT Games Work? ‘Axie Infinity’ Inner Workings Explained

    4816

    How The U.S. Became The World’s New Bitcoin Mining Hub

    653

    5 Most Valuable Skills To Learn Right Now

    3590

    S&P 500, Nasdaq Close At Record Highs As Mega-cap Tech Spurs Gains

    • Stocks
    • Cryptocurrencies
    • Real Estates
    • Others
  • Personal Finance
    • All
    • Budgeting/Saving
    • Credit Cards
    • Earnings
    • Weath Management
    5313

    These 14- and 9-year-old Siblings Earn Over $30,000 A Month Mining Cryptocurrency

    5302

    People With More Than 10,000 Twitter Followers Can Now Earn Money From Tweeting — Here’s How

    5274

    13 Low-Stress Jobs That Pay Really Well

    5229

    13 Ways to Save Money While Living Alone

    5223

    Which Jobs Pay $100K Or More? This List Might Surprise You

    5031

    A Woman Who Hit A $1 Million Net Worth In Her Early 30s Shares The 3 Strategies That Helped Her Reach Her Goal

    5005

    10 Money-Making Rules From The Jews: Spending Money On Something With Little Benefit Is For Fools!

    4967

    ‘A Lot Of People With money don’t have wealth’: A political scientist, psychologist, and CFP on what makes you ‘wealthy’

    • Weath Management
    • Budgeting/Saving
    • Banking
    • Credit Cards
  • Market News
    • All
    • Billionaires
    • Companies
    • Trends
    5338

    He Was Arrested for Weed at 13, and He’s Selling It Legally at 27

    5321

    Crypto Flash Crash Wipes Out $400 Billion In Market Value On Bitcoin Day As El Salvador’s President ‘Buys The Dip’

    5313

    These 14- and 9-year-old Siblings Earn Over $30,000 A Month Mining Cryptocurrency

    5296

    Research: The Average Age of a Successful Startup Founder Is 45

    5292

    What Impact Will The Taliban’s Rise Have On The Dollar?

    5243

    Billionaire investor John Paulson: Cryptocurrencies will ‘go to zero’

    5236

    Why OnlyFans had second thoughts on banning sexually explicit content

    5220

    Louis Vuitton’s CEO Now Worth $200 Billion — Here’s How To Invest In The World’s Richest

    • Trends
    • Billionaires
    • Companies
  • Opinions
    • All
    • Advisors
    • Analysis
    • Prediction
    5335

    If You Want Your Kid To Become The Next Zuckerberg, Don’t Take Away Their Video Games

    5316

    Like It or Not, P.o.r.n Can Still Be an Engine for Tech Progress

    5310

    The 12 Most Overlooked Truths Of Money And Life ‘No One Teaches You In School,’ Says Financial Psychology Expert

    5307

    Here’s How to Tell in 20 Seconds If Someone Will Never Be Successful

    5299

    Ben Franklin and Jeff Bezos Agree This Is the Best Way to Maximize Your Intelligence

    5286

    How to Retire With $1 Million

    5278

    16 Things Money Can’t Buy (No Matter How Rich You Are)

    5274

    13 Low-Stress Jobs That Pay Really Well

    • Analysis
    • Advisors
    • Prediction
  • Lifestyle
    5052

    7 Foods You Can Eat To Save The Planet

    4839

    Silicon Valley Investor Paul Graham Gave Up TV At 13—How It Relates To His Strategy For Achieving ‘Great Things’

    4829

    There Are Very Solid Engineering Reasons Why Jeff Bezos’ Rocket Looks Exactly Like, You Know, That

    4912

    Tears Of The Philippines Gold-Medalist Weightlifter And The Touching Story Behind

    4802

    Facebook Spent $23.4 Million on Mark Zuckerberg’s Personal Security

    4715

    Judge’s Decision In UK’s Most Expensive Divorce Case

    4745

    Jeff Bezos On Critics Of Billionaires Going To Space: ‘They’re Mostly Right’

    4598

    Research Says Your Ability To ‘Bulls—’ May Be A Sign Of Intelligence

No Result
View All Result
  • Investing
    • All
    • Cryptocurrencies
    • Earnings
    • Others
    • Real Estates
    • Stocks
    5321

    Crypto Flash Crash Wipes Out $400 Billion In Market Value On Bitcoin Day As El Salvador’s President ‘Buys The Dip’

    5313

    These 14- and 9-year-old Siblings Earn Over $30,000 A Month Mining Cryptocurrency

    5189

    Market Sentiment

    5084

    Top 5 NFT Games Aside from Axie Infinity

    5080

    How Do NFT Games Work? ‘Axie Infinity’ Inner Workings Explained

    4816

    How The U.S. Became The World’s New Bitcoin Mining Hub

    653

    5 Most Valuable Skills To Learn Right Now

    3590

    S&P 500, Nasdaq Close At Record Highs As Mega-cap Tech Spurs Gains

    • Stocks
    • Cryptocurrencies
    • Real Estates
    • Others
  • Personal Finance
    • All
    • Budgeting/Saving
    • Credit Cards
    • Earnings
    • Weath Management
    5313

    These 14- and 9-year-old Siblings Earn Over $30,000 A Month Mining Cryptocurrency

    5302

    People With More Than 10,000 Twitter Followers Can Now Earn Money From Tweeting — Here’s How

    5274

    13 Low-Stress Jobs That Pay Really Well

    5229

    13 Ways to Save Money While Living Alone

    5223

    Which Jobs Pay $100K Or More? This List Might Surprise You

    5031

    A Woman Who Hit A $1 Million Net Worth In Her Early 30s Shares The 3 Strategies That Helped Her Reach Her Goal

    5005

    10 Money-Making Rules From The Jews: Spending Money On Something With Little Benefit Is For Fools!

    4967

    ‘A Lot Of People With money don’t have wealth’: A political scientist, psychologist, and CFP on what makes you ‘wealthy’

    • Weath Management
    • Budgeting/Saving
    • Banking
    • Credit Cards
  • Market News
    • All
    • Billionaires
    • Companies
    • Trends
    5338

    He Was Arrested for Weed at 13, and He’s Selling It Legally at 27

    5321

    Crypto Flash Crash Wipes Out $400 Billion In Market Value On Bitcoin Day As El Salvador’s President ‘Buys The Dip’

    5313

    These 14- and 9-year-old Siblings Earn Over $30,000 A Month Mining Cryptocurrency

    5296

    Research: The Average Age of a Successful Startup Founder Is 45

    5292

    What Impact Will The Taliban’s Rise Have On The Dollar?

    5243

    Billionaire investor John Paulson: Cryptocurrencies will ‘go to zero’

    5236

    Why OnlyFans had second thoughts on banning sexually explicit content

    5220

    Louis Vuitton’s CEO Now Worth $200 Billion — Here’s How To Invest In The World’s Richest

    • Trends
    • Billionaires
    • Companies
  • Opinions
    • All
    • Advisors
    • Analysis
    • Prediction
    5335

    If You Want Your Kid To Become The Next Zuckerberg, Don’t Take Away Their Video Games

    5316

    Like It or Not, P.o.r.n Can Still Be an Engine for Tech Progress

    5310

    The 12 Most Overlooked Truths Of Money And Life ‘No One Teaches You In School,’ Says Financial Psychology Expert

    5307

    Here’s How to Tell in 20 Seconds If Someone Will Never Be Successful

    5299

    Ben Franklin and Jeff Bezos Agree This Is the Best Way to Maximize Your Intelligence

    5286

    How to Retire With $1 Million

    5278

    16 Things Money Can’t Buy (No Matter How Rich You Are)

    5274

    13 Low-Stress Jobs That Pay Really Well

    • Analysis
    • Advisors
    • Prediction
  • Lifestyle
    5052

    7 Foods You Can Eat To Save The Planet

    4839

    Silicon Valley Investor Paul Graham Gave Up TV At 13—How It Relates To His Strategy For Achieving ‘Great Things’

    4829

    There Are Very Solid Engineering Reasons Why Jeff Bezos’ Rocket Looks Exactly Like, You Know, That

    4912

    Tears Of The Philippines Gold-Medalist Weightlifter And The Touching Story Behind

    4802

    Facebook Spent $23.4 Million on Mark Zuckerberg’s Personal Security

    4715

    Judge’s Decision In UK’s Most Expensive Divorce Case

    4745

    Jeff Bezos On Critics Of Billionaires Going To Space: ‘They’re Mostly Right’

    4598

    Research Says Your Ability To ‘Bulls—’ May Be A Sign Of Intelligence

No Result
View All Result
Investment.Ceo
No Result
View All Result

The Asia’s Best-Performing Currency Is Hitting One-Year Low

Rupee is a surprise winner currency in Asia this year as expectations of an economic recovery, a rare current-account surplus and massive foreign inflows have shielded it from the impact of rising US yields

May 5, 2021
in Investing, Market News, News, Others, Trends
0
280318 India rupee

The Indian rupee, Asia’s best-performing currency in March, is going to slide right back to levels last seen in the depths of the pandemic meltdown, according to Parul Mittal Sinha at Standard Chartered Plc.

The currency will drop toward 76.5 to a dollar — about 4 per cent weaker than current levels — by the end of the year, said the head of macro trading, India and South Asia financial markets. That is the most bearish forecast seen among analysts surveyed by Bloomberg, and runs counter to expectations for it to stay strong.

You might also like

1x 1 1

He Was Arrested for Weed at 13, and He’s Selling It Legally at 27

9 months ago
0
el salvador keurt de bitcoin wet goed

Crypto Flash Crash Wipes Out $400 Billion In Market Value On Bitcoin Day As El Salvador’s President ‘Buys The Dip’

9 months ago
0

The rupee is a surprise winner in Asia this year as expectations of an economic recovery, a rare current-account surplus and massive foreign inflows have shielded it from the impact of rising U.S. yields. It has outperformed the Chinese yuan and the tech-reliant currencies of Taiwan dollar and the Korean won, which had all been forecast to keep gaining as the global economy rebounds.

Captura de pantalla 2021 03 31 094448

“We expect the rupee to weaken in FY22 amid higher commodity prices, normalizing imports, increasing inflation, and continued central bank intervention,” said Sinha, who has spent more than a decade trading currencies and rates in London, Singapore and India.

The executive, who joined StanChart from Deutsche Bank India in 2019, sees the rupee losing some of its advantage going ahead. The current account will probably swing to a deficit in the fiscal year starting April, from an estimated surplus of 1.9 per cent of gross domestic product in the current period as imports gain.

Higher oil prices will hurt, she said.

The currency also looks overvalued at current levels, according to Sinha. Its real effective exchange rate is close to multi-decade highs, she said, adding that market positioning is also long rupee, in contrast to regional peers.

The rupee has advanced about 0.1 per cent in March to 73.3850 to a dollar. It pared most of the month’s gains due to a 1.2 per cent slide on Tuesday, as state banks rushed to buy dollars ahead of the fiscal-year end. The median estimate in a Bloomberg survey is for it to trade around the 72.13 levels by end December.

One key factor that drove the rupee’s 2.3 per cent losses in 2020 — it was the region’s worst performer — was an almost relentless accumulation of foreign-exchange reserves by the Reserve Bank of India. It bought a net $88 billion of forex in the spot market last year, central bank data showed.
The pace will be slower in the next fiscal year, Sinha said. Valuation-adjusted FX asset accumulation has dropped to $4 billion this quarter from $31 billion in the previous three months, she said.

The RBI has no internal target on forex reserves, Governor Shaktikanta Das said last week, while reiterating the central bank’s aim to keep the rupee stable.

Previous Post

H&M Is Are Being Boycotted In China: What Really Happened?

Next Post

Scammers Are Using Outdated Laws To Rip Off Investor Millions

Next Post
474340573 100258125 large

Scammers Are Using Outdated Laws To Rip Off Investor Millions

maxresdefault

Do You Know Museums Can Invest Their Money In Funds?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Sep    

Recent Posts

  • He Was Arrested for Weed at 13, and He’s Selling It Legally at 27
  • If You Want Your Kid To Become The Next Zuckerberg, Don’t Take Away Their Video Games
  • Crypto Flash Crash Wipes Out $400 Billion In Market Value On Bitcoin Day As El Salvador’s President ‘Buys The Dip’
Social icon element need JNews Essential plugin to be activated.

© 2020 Investment.Ceo - Investment Blog by Daily Investment.

No Result
View All Result
  • Investing
    • All
    • Cryptocurrencies
    • Earnings
    • Others
    • Real Estates
    • Stocks
    5321

    Crypto Flash Crash Wipes Out $400 Billion In Market Value On Bitcoin Day As El Salvador’s President ‘Buys The Dip’

    5313

    These 14- and 9-year-old Siblings Earn Over $30,000 A Month Mining Cryptocurrency

    5189

    Market Sentiment

    5084

    Top 5 NFT Games Aside from Axie Infinity

    5080

    How Do NFT Games Work? ‘Axie Infinity’ Inner Workings Explained

    4816

    How The U.S. Became The World’s New Bitcoin Mining Hub

    653

    5 Most Valuable Skills To Learn Right Now

    3590

    S&P 500, Nasdaq Close At Record Highs As Mega-cap Tech Spurs Gains

    • Stocks
    • Cryptocurrencies
    • Real Estates
    • Others
  • Personal Finance
    • All
    • Budgeting/Saving
    • Credit Cards
    • Earnings
    • Weath Management
    5313

    These 14- and 9-year-old Siblings Earn Over $30,000 A Month Mining Cryptocurrency

    5302

    People With More Than 10,000 Twitter Followers Can Now Earn Money From Tweeting — Here’s How

    5274

    13 Low-Stress Jobs That Pay Really Well

    5229

    13 Ways to Save Money While Living Alone

    5223

    Which Jobs Pay $100K Or More? This List Might Surprise You

    5031

    A Woman Who Hit A $1 Million Net Worth In Her Early 30s Shares The 3 Strategies That Helped Her Reach Her Goal

    5005

    10 Money-Making Rules From The Jews: Spending Money On Something With Little Benefit Is For Fools!

    4967

    ‘A Lot Of People With money don’t have wealth’: A political scientist, psychologist, and CFP on what makes you ‘wealthy’

    • Weath Management
    • Budgeting/Saving
    • Banking
    • Credit Cards
  • Market News
    • All
    • Billionaires
    • Companies
    • Trends
    5338

    He Was Arrested for Weed at 13, and He’s Selling It Legally at 27

    5321

    Crypto Flash Crash Wipes Out $400 Billion In Market Value On Bitcoin Day As El Salvador’s President ‘Buys The Dip’

    5313

    These 14- and 9-year-old Siblings Earn Over $30,000 A Month Mining Cryptocurrency

    5296

    Research: The Average Age of a Successful Startup Founder Is 45

    5292

    What Impact Will The Taliban’s Rise Have On The Dollar?

    5243

    Billionaire investor John Paulson: Cryptocurrencies will ‘go to zero’

    5236

    Why OnlyFans had second thoughts on banning sexually explicit content

    5220

    Louis Vuitton’s CEO Now Worth $200 Billion — Here’s How To Invest In The World’s Richest

    • Trends
    • Billionaires
    • Companies
  • Opinions
    • All
    • Advisors
    • Analysis
    • Prediction
    5335

    If You Want Your Kid To Become The Next Zuckerberg, Don’t Take Away Their Video Games

    5316

    Like It or Not, P.o.r.n Can Still Be an Engine for Tech Progress

    5310

    The 12 Most Overlooked Truths Of Money And Life ‘No One Teaches You In School,’ Says Financial Psychology Expert

    5307

    Here’s How to Tell in 20 Seconds If Someone Will Never Be Successful

    5299

    Ben Franklin and Jeff Bezos Agree This Is the Best Way to Maximize Your Intelligence

    5286

    How to Retire With $1 Million

    5278

    16 Things Money Can’t Buy (No Matter How Rich You Are)

    5274

    13 Low-Stress Jobs That Pay Really Well

    • Analysis
    • Advisors
    • Prediction
  • Lifestyle
    5052

    7 Foods You Can Eat To Save The Planet

    4839

    Silicon Valley Investor Paul Graham Gave Up TV At 13—How It Relates To His Strategy For Achieving ‘Great Things’

    4829

    There Are Very Solid Engineering Reasons Why Jeff Bezos’ Rocket Looks Exactly Like, You Know, That

    4912

    Tears Of The Philippines Gold-Medalist Weightlifter And The Touching Story Behind

    4802

    Facebook Spent $23.4 Million on Mark Zuckerberg’s Personal Security

    4715

    Judge’s Decision In UK’s Most Expensive Divorce Case

    4745

    Jeff Bezos On Critics Of Billionaires Going To Space: ‘They’re Mostly Right’

    4598

    Research Says Your Ability To ‘Bulls—’ May Be A Sign Of Intelligence

© 2020 Investment.Ceo - Investment Blog by Daily Investment.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In