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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a 'very strong' case for the U.S. Fed to hold the nominal rate, says DBS economistTaimur Baig, chief economist and managing director at DBS Group Research, says when disinflation happens, "real rates will keep going up even if the Fed holds the nominal interest rate."
Persons: Taimur Baig, disinflation Organizations: U.S, Fed, DBS Group Research
MUMBAI, June 22 (Reuters) - The Indian rupee is expected to rise on Thursday, helped by the dollar's fall despite Federal Reserve Chair Jerome Powell's fairly hawkish comments to U.S. lawmakers. Non-deliverable forwards indicate rupee will open at around 81.94-81.98 to the U.S. dollar compared with 82.0375 in the previous session. The offshore Chinese yuan recovered to 7.1690 to the dollar, having fallen below 7.20 at one point in the previous session. KEY INDICATORS:** One-month non-deliverable rupee forward at 82.03; onshore one-month forward premium at 7 paisa** USD/INR NSE June futures settled on Wednesday at 82.0250** USD/INR forward premium as of Jun. 20** NSDL data shows foreign investors sold a net $46.5mln worth of Indian bonds on Jun.
Persons: Jerome Powell's, Powell, Nimesh Vora, Dhanya Ann Thoppil Organizations: U.S, Fargo Advisors, U.S . Senate, DBS, Brent, Thomson Locations: MUMBAI, Asia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig part of Singapore Airlines load factor comes from premium leisure travelers: DBS Group ResearchJason Sum of DBS Group Research says the return of corporate travelers, on the other hand, has been "fairly sluggish."
We'll see 'biggest payback' from China's reopening in Q2: DBS
  + stars: | 2023-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe'll see the 'biggest payback' from China's reopening in the second quarter: DBS Group ResearchTaimur Baig of Singapore's largest lender says "a big chunk of the world is going to slow this year, but a very big chunk of the world is going to have a pretty decent outturn."
The central bank has already raised rates by 250 basis points since May last year. Core inflation, which excludes volatile food and energy components, was also expected to have stayed high between 6.05%-6.12% in February, according to estimates from three economists. "The policy space to focus on inflation is lent by domestic growth conditions holding-up, supported by urban consumption and services sector recovery," Sen Gupta said. Early signs of a slowdown in India are also visible in easing imports and plateuing bank credit demand. The Reuters Poll showed that a majority of respondents, 20 of 36, expect the central bank would maintain its 'withdrawal of accommodation' stance while the remaining 16 said it would shift to neutral.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingapore Airlines may see a meaningful rebound in China travel only in the second quarter: AnalystJason Sum of DBS Group Research says it's "not feasible" for SIA to rapidly add flights to China in the first quarter of 2023 because consumers are still hesitant to travel there.
MUMBAI, Feb 17 (Reuters) - The Indian rupee is expected to open lower against the U.S. currency on Friday, following a surge on the dollar index after two Federal Reserve officials said they preferred bigger rate increases to tackle inflation. Non-deliverable forwards indicated the rupee will open at 82.80-82.85 to the dollar, compared with 82.7175 in the previous session. The dollar index was up at 104.26, while the Korean won tumbled 1%, dragging Asian currencies lower. Futures are now pricing a Fed terminal rate of near 5.30% and about 30 bps of rate cuts from July to December this year. "Hopes of an early Fed pivot have vanished," DBS Group Research said in a note to clients on Friday.
MUMBAI, Feb 9 (Reuters) - The Indian rupee is expected to decline against the U.S. dollar on Thursday, weighed by hawkish comments from Federal Reserve officials and higher oil prices. The non-deliverable forwards indicated the rupee would open around 82.60-82.62 per dollar, compared with the 82.4925 closing in the previous session. Fed officials on Wednesday said more interest rate rises are on the cards in the central bank's efforts to bring down inflation. Moving to a rate of between 5.00% and 5.25% "seems a very reasonable view," New York Fed President John Williams said. Fed fund futures are pricing in rate cuts of about 30 to 35 basis points after peaking at around 5.12% in July.
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