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  • #56
    Indicative 176.5424

    Buy 174.6059

    Sell 178.3574

    Comment


    • #57
      Indicative 176.3445

      Buy 174.3166

      Sell 178.0670

      Comment


      • #58
        Indicative 176.0964

        Buy 174.3166

        Sell 178.0670

        Comment


        • #59
          Indicative 176.0788

          Buy 174.1072

          Sell 177.8566

          Comment


          • #60
            Indicative 176.1646

            Buy 174.1171

            Sell 177.8667

            Comment


            • #61
              Rs should be stable going forward which is good for Cos depending on imports RM/consumer
              Ex. ALUM/SHL/Hemas/LGL/TILE etc


              Analysts say some emerging market currencies look appealing as the Fed mulls rate cuts


              KEY POINTS
              • Investors should be looking to buy emerging market currencies against the U.S. dollar, two analysts tell CNBC.
              • “We do think there is a basket of emerging market currencies that look appealing as the Fed is poised now to begin cutting rates as opposed to raising rates,” says Mike Ryan, chief investment officer for the Americas at UBS Global Wealth Management.
              Carry trades could ‘come back into vogue’: ANZ Bank. Investors should be looking to buy emerging market currencies against the U.S. dollar, two analysts told CNBC on Monday.

              Those calls come as the U.S. Federal Reserve appears to be seriously considering cutting U.S. interest rates. As dollar-based investments begin to yield less interest, that may weaken the greenback against the currencies of higher-interest countries — including many in the developing world.

              “What we see now is that the dollar is probably topped out against a number of the emerging market currencies, ” said Mike Ryan, chief investment officer for the Americas at UBS Global Wealth Management.

              “We do think there is a basket of emerging market currencies that look appealing as the Fed is poised now to begin cutting rates as opposed to raising rates, ” he told CNBC’s “Street Signs. ”

              This does not signal broad-based U.S. dollar weakness, he added, noting that other developed-country central banks are also looking to pivot on rate policy.

              Khoon Goh, head of Asia research at ANZ Bank, echoed that view.

              “We already have the (Australian and New Zealand central banks) easing, so I think we’re in this situation where carry trades will very much come back into vogue, ” he told CNBC’s “Squawk Box. ”

              The term “carry trade” refers to a strategy in which investors borrow in a currency with low interest rates in order to purchase assets in a currency with higher interest rates. That way, they can earn from their investments in another currency while paying less interest on the amount borrowed.

              Goh said ANZ continues to favor some currencies in Asia such as the Indian rupee and the Indonesian rupiah. Benchmark interest rates in India and Indonesia are 5.75% and 6%, respectively, compared to the Fed’s target between 2.25% and 2.5%, according to Trading Economics.

              The picture in terms of the U.S. dollar index is “a little bit more muddy,” but it’s clearer for high-yielding currencies of countries with a “compelling growth story” or scope for economic reforms that will spur foreign inflows, he added.

              Comment


              • #62
                Indicative 176.1689

                Buy 174.1371

                Sell 177.8867

                Comment


                • #63
                  Indicative 175.9131

                  Buy 174.1371

                  Sell 177.7867

                  Comment


                  • #64
                    Indicative 175.9131

                    Buy 173.8081

                    Sell 177.4561

                    Comment


                    • #65
                      Indicative 175.4623

                      Buy 173.6684

                      Sell 177.3159

                      Comment


                      • #66
                        Rs is gathering fast appreciation. This will be good for Cos in consumer and construction and also for Co having large FCY borrowings like DIAL
                        Sri Lanka rupee opens stronger, stocks down amid volatility

                        Sri Lanka's rupee was stronger,

                        ECONOMYNEXT - Sri Lanka's rupee was stronger at 175.48/55 to the US dollar in the spot market mid-morning on Friday, while stocks fell 0.09 percent and active trading was witnessed in bonds, brokers and dealers said. The rupee closed at 175.35/45 against the US dollar on Thursday.

                        At the Colombo Stock Exchange, the All Share Price Index (ASPI) was down 4.85 points to 5,556.43 in the first hour and a half of trading.

                        There was volatility in the market, with the ASPI falling to a 5,551.48 within the first hour, before, gaining to a high of 5,560.08.

                        The more liquid S&P SL20 Index was up 0.34 percent or 8.78 points to 2,622.77.

                        By Thursday, the stock market had almost fully recovered from the losses after the Easter Sunday terror attack.

                        The tourism industry which was hit adversely is recovering faster than expected, according to the central bank and industry sources.

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