The post Indian Rupee: Inflation uptick with monsoon support – DBS appeared on BitcoinEthereumNews.com.
DBS economist Radhika Rao expects India’s June CPI inflation to edge up to 4.1% YoY from 3.9%, driven by food normalisation and fuel-cost pass-through. She sees limited upside risks to core inflation, an improving but uneven southwest monsoon, and the June trade deficit remaining elevated near USD 28.5 billion despite the recent oil-price correction. Mild CPI rise and trade deficit “June CPI inflation is expected to rise marginally to 4.1% yoy from 3.9% the month before, on continued normalisation in food segments and passthrough of fuel costs through the related segments.” “Beyond food and fuel, upside risks to core inflation appear limited, amid softer gold as well as precious metal prices and little scope for further pump price adjustments.” “Markets are also focused on the spatial and geographical spread of ongoing southwest monsoon.” “Encouragingly, the nationwide rainfall short
The post RBI Ban Talk Returns: What It Means for Altcoin Access appeared on BitcoinEthereumNews.com.
India’s crypto debate just snapped back into focus. If you’re wondering whether altcoin access will get tougher, the short answer is yes, and the reasons are more structural than headline-driven. This piece breaks down what the Reserve Bank of India’s latest stance means day to day. We’ll get into banking rails, stablecoin premiums, enforcement heat, and the real choices Indian users and builders face over the next few months.
Editor’s note: Over Q1 and Q2 this year I watched INR stablecoin quotes slip away from spot FX on multiple P2P channels. After the ED headlines, a couple of OTC desks I speak with widened spreads and raised size minimums for a bit. Local exchanges also got more conservative around listings and payment options. None of this screams panic, but it does say the path of least resistance is narrowing. My own take is simple: the policy overhang is now the main driver o
The NSE's IPO could redefine global investor engagement with Indian markets, emphasizing traditional equities over emerging digital assets.
The post India’s NSE pitches IPO to 30 global investors in bid to reshape capital markets appeared first on Crypto Briefing.
The post US Dollar: AI-driven imports reshape trade – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Volkmar Baur says AI-related capital-goods imports are structurally widening the US trade deficit. Strong foreign demand currently helps finance the gap, but weaker confidence in the United States (US) AI (Artificial intelligence) investment story could create risks for the Dollar. AI imports and trade deficit risks “For now, it seems safe to say that a much sharper rise – or at least a significantly higher level – in the oil price would be needed to move the fx markets significantly.” “After the tariffs caused significant volatility in US foreign trade data in recent months, the underlying trend has become apparent again. And this trend continues to point toward a rising foreign trade deficit. Even the currently very high exports of crude oil and petroleum products (+93% yoy in USD) cannot prevent this.” “However, the rise in oil exports points to an important developme
The post Indian Rupee gains further as US Dollar extends decline appeared on BitcoinEthereumNews.com.
The Indian Rupee (INR) extends Thursday’s recovery against the US Dollar (USD) in the opening session on Friday. The USD/INR pair falls further to near 95.22 as the US Dollar weakens as the restart of the war in the Middle East between the United States (US) and Iran won’t be prolonged. However, the Indian Rupee could show signs of weakness as oil prices remain higher. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.3% lower to near its three-week low of 100.60. The DXY extends its losing streak for the third trading day on Friday. US confirms technical talks with Iran are still on According to The Times of Israel, a US official has confirmed that technical talks with Iran remain ongoing, even as President Donald Trump has declared that the Memorandum of Understanding (MoU) with Tehran is over. Also, US President Trump
The post SWIFT Bridges TradFi and Distributed Ledger Technology With 17 Banks SWIFT Bridges TradFi and Distributed Ledger Technology With 17 Banks appeared on BitcoinEthereumNews.com.
SWIFT has introduced its own blockchain-based shared ledger after nine months of development. The pilot project is moving into operational use with 17 major banks set to pioneer tokenised cross-border payments. The banks are ANZ, BNP Paribas, BNY, Citi, DBS, First Abu Dhabi Bank, FirstRand Bank, HSBC, Itaú Unibanco, Lloyds Bank, Mashreq, MUFG Bank, OCBC, Standard Chartered, UBS, UOB, and Wells Fargo. It combines distributed ledger technology and the existing secure messaging network used by SWIFT, which covers more than 200 markets. The goals of this project are simple: improved liquidity transparency of cash flows ability to seamlessly enable token recognition This is NOT an alternative to SWIFT. It’s an extension of it. Carl Slabicki, head of commercial, global payments & trade at BNY, said: “We are ple
The post Singapore Dollar: Upside risks building as USD stays firm – DBS appeared on BitcoinEthereumNews.com.
DBS Group Research economist Eugene Leow warns that shorter-term Singapore Dollar (SGD) rates may face upside pressure despite recent flush liquidity. He notes SGD rates have decoupled from USD rates, with spreads stretched, while Fed hike expectations remain sticky and the USD strong. Leow highlights USD/SGD near 1.30 and Monetary Authority of Singapore (MAS) policy decisions as key factors for SGD rate repricing. Shorter-term SGD rates face upside risks “We continue to be wary about upside to shorter term SGD rates. Over the course of the past six quarters, market participants have gotten used to very flush SGD liquidity and persistent belief in USD weakness keeping frontend SGD rates low.” “In some ways, SGD rates appear decoupled from USD rates and the spread between the two has become even more stretched. There are some hints that risks to SGD rates may be biased to the up
The post India: Tactical duration opportunity on rates – DBS appeared on BitcoinEthereumNews.com.
DBS Group Research economist Sherilyn Chew notes that renewed geopolitical risk has lifted yields across Asia, but sees Indian G-Secs as offering a tactical opportunity. She argues the India sell-off is mainly macro repricing, with domestic fundamentals and structural demand intact. Foreign participation remains supportive, and DBS views the 10-year sector as attractive for adding duration once risk sentiment stabilises. Indian G-Secs repricing seen as transient “Renewed geopolitical risk has pushed yields higher across the region, but we would differentiate between markets where the repricing presents a more compelling entry and those where it reinforces existing concerns.” “For India, the sell-off looks largely driven by a broad-based macro repricing rather than any deterioration in domestic fundamentals.” “With supportive structural demand and ongoing foreign participation still support
