Daily Digest Market Movers: Indian Rupee stays firm despite global headwinds

avatar
· 閱讀量 106


  • India's foreign exchange reserves reached an all-time high of $642.49 billion for the week ended March 15, according to the Reserve Bank of India (RBI).
  • The rise in foreign exchange reserves was boosted by the maturity of a $5 billion Dollar/Rupee swap that matured on March 11.
  • India’s Gross Domestic Product (GDP) growth estimate for the current fiscal year has revised to 7.6% from 7.3%, signaling the strength of the Indian economy. 
  • The RBI is likely to keep the repo rate on hold at 6.50% at least until the end of Q2 of 2024 and expects to cut interest rates by 25 basis points (bps) in Q3 2024. 
  • The US February New Home Sales dropped 0.3% MoM from a 1.7% gain in January, below market expectations for a 2.3% MoM rise. 
  • The Dallas Fed Manufacturing Survey fell to -14.4 in March from the previous reading of -11.3. 


風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0

暫無評論,立馬搶沙發

  • tradingContest