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Search resuls for: "Devayani Sathyan Anant Chandak"


2 mentions found


☆ Indian rupee seen struggling to rise much in coming months - Reuters poll
  + stars: | 2023-02-07 | by ( Devayani Sathyan Anant Chandak | Devayani Sathyan | Anant Chandak | ) www.reuters.com   time to read: +3 min
BENGALURU, Feb 7 (Reuters) - The Indian rupee, one of the worst-performing Asian currencies last year, is forecast to strengthen very little in coming months and still trade above the 80 per dollar mark a year from now, a Reuters poll of foreign exchange strategists found. The risk, however, is if U.S. inflation does not fall as much as markets are hoping it does in coming months. Even if it's marginally higher than what the market is currently expecting ... that could lead to a brief dollar rally and pressure the rupee." The latest Reuters poll of 43 foreign exchange analysts, taken after the Feb. 1 budget, showed the rupee strengthening just over 1% to 81.75 per dollar in the next six months. (For other stories from the February Reuters foreign exchange poll:)Reporting by Devayani Sathyan and Anant Chandak; Polling by Madhumita Gokhale and Veronica Khongwir; Editing by Hari Kishan, Ross FinleyOur Standards: The Thomson Reuters Trust Principles.
☆ Bank of Korea to hike rates a modest 25bps on Nov 24 as growth slows
  + stars: | 2022-11-22 | by ( Devayani Sathyan Anant Chandak | Devayani Sathyan | Anant Chandak | ) www.reuters.com   time to read: +2 min
South Korea's economic growth was fast losing momentum at latest measure as higher living costs erode household income and crimp demand, pressuring the Bank of Korea (BoK) to strike a balance between inflation and growth. All but one of 30 economists in the Nov. 15-21 poll forecast the BoK would raise its policy rate (KROCRT=ECI) by 25 basis points to 3.25% on Thursday. If the majority view prevails, the BoK will take rates to the highest level since 2012. "Amid climbing concerns about growth and the credit market, the case for hiking at a more gradual pace has strengthened further." Nearly 60% of respondents, 17 of 30, forecast another hike by 25 basis points by end-March, taking rates to 3.50%.
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