Indian Rupee: Policy Support Under Pressure, MUFG Analysts Weigh In

The post AUD/NZD Faces Corrective Phase, MUFG Analysts Warn appeared on BitcoinEthereumNews.com. The Australian Dollar is currently undergoing a corrective phase against the New Zealand Dollar, according to analysts at MUFG Bank. The assessment, based on recent currency market movements, suggests a shift in the short-term trend for the AUD/NZD pair, a key cross rate in the Asia-Pacific forex landscape. MUFG’s Technical and Fundamental View MUFG’s analysis points to a combination of technical factors and shifting economic fundamentals driving the corrective move. The Australian Dollar had previously strengthened against its Kiwi counterpart, but recent price action indicates a loss of momentum. The analysts note that the corrective phase does not necessarily signal a long-term reversal, but rather a period of consolidation or pullback within the broader trend. Key factors influencing the pair include diverging monetary policy expectations between the Reserve Bank of Australia (RBA) and

The post Brent: Crude breaks lower on US-Iran optimism – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Lloyd Chan reports that Brent has fallen below earlier May lows, with prices dropping to around $94 per barrel. He attributes the move to growing optimism over a potential US‑Iran deal, though he stresses that uncertainty over an imminent breakthrough remains. Reports of Trump’s dissatisfaction with negotiations and subdued Strait of Hormuz tanker traffic underscore lingering supply‑risk concerns. Oil pressured by US-Iran deal hopes “In energy markets, Brent crude has broken lower to $94.29/bbl, falling below the 7 May low of $96.03/bbl.” “This move likely reflects growing optimism around a potential US-Iran deal.” “However, there remains uncertainty of an imminent breakthrough.” “Reports suggest that Trump was “not satisfied” with the progress of negotiations with Iran, while tanker traffic through the Strait of Hormuz is still quite subdued.” (This article was created with the he

The post Indian Rupee: INR stabilizes on RBI stance – DBS appeared on BitcoinEthereumNews.com. DBS Group Research economist Radhika Rao notes that the Indian Rupee has appreciated from near 97.00 to the mid-95.00 area on hopes of easing West Asia tensions, lower Oil prices, and central bank support. She highlights RBI Governor Malhotra’s comments on Rupee undervaluation, a record RBI dividend to the FY27 Budget, and limited fiscal slippage risks. Rupee supported by policy and flows “Hopes of a resolution to the West Asia tensions leading to lower oil prices, along with central bank intervention and expectations of a rate hike, have supported rupee’s appreciation over the past few sessions, from near 97.00 low to mid-95.00 on Monday, up a cumulative ~1.5%.” “RBI Governor Malhotra’s observation that the rupee appeared undervalued signalled a notable shift from the traditionally restrained approach toward commenting on currency valuation.” “Add to this, the inflation rationale has also ga

The post Indian Rupee Gains Ground After RBI Governor Signals Stronger Intervention Stance appeared on BitcoinEthereumNews.com. Indian Rupee Gains Ground After RBI Governor Signals Stronger Intervention Stance Skip to content Home Forex News Indian Rupee Gains Ground After RBI Governor Signals Stronger Intervention Stance Source: https://bitcoinworld.co.in/indian-rupee-firms-rbi-governor-intervention/

The post Indian Rupee Hits Record Low Near 96 Against US Dollar: What It Means appeared on BitcoinEthereumNews.com. Indian Rupee Hits Record Low Near 96 Against US Dollar: What It Means Skip to content Home Forex News Indian Rupee Hits Record Low Near 96 Against US Dollar: What It Means Source: https://bitcoinworld.co.in/indian-rupee-record-low-96-usd/

The post Japanese Yen Faces Further Downside Risk Against US Dollar, Warns MUFG appeared on BitcoinEthereumNews.com. Japanese Yen Faces Further Downside Risk Against US Dollar, Warns MUFG Skip to content Home Forex News Japanese Yen Faces Further Downside Risk Against US Dollar, Warns MUFG Source: https://bitcoinworld.co.in/japanese-yen-further-weakness-risk-mufg/

The post Indian Rupee Outlook: Policy Measures Drive Currency Trajectory, Says DBS appeared on BitcoinEthereumNews.com. Indian Rupee Outlook: Policy Measures Drive Currency Trajectory, Says DBS Skip to content Home Forex News Indian Rupee Outlook: Policy Measures Drive Currency Trajectory, Says DBS Source: https://bitcoinworld.co.in/indian-rupee-policy-outlook-dbs/

The post Indian Rupee: Policy support amid pressure – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Michael Wan highlights that India has unveiled several austerity-linked policy steps as Strait of Hormuz tensions pressure capital flows and the balance of payments. Authorities sharply raised import duties on Gold and Silver and capped duty-free Gold imports to support the Indian Rupee (INR), while also considering lower withholding taxes on bonds. MUFG remains cautious on INR versus G10 and Asian currencies. India policy shifts and Rupee outlook “India produced a cluster of significant policy moves this week, all tied to the government’s austerity push amid the Strait of Hormuz driven pressure on capital flows and balance of payments.” “The Finance Ministry raised import duties on gold and silver to 15% from 6%, effective 13 May, and on Thursday capped duty-free gold imports under the Advance Authorisation scheme at 100 kg per approval — measures aimed at curbing non-essential impor