Page 49 - Frx News Today

India’s rates traders are on the fence about a quarter-point rate hike on Thursday, even though a majority of economists are predicting one.

Foreigners were net sellers in emerging Asia ex-China equity markets in March, hit by a banking crisis in the West while reduced demand from developed markets slowed business activity.

The Indian rupee is likely to open little-changed against the U.S. dollar on Thursday amid losses in Asian peers and as traders await the Reserve Bank of India's policy decision.

The Indian rupee was on the stronger side of 82 per U.S. dollar with mild gains on Thursday ahead of the Reserve Bank of India's monetary policy decision.

A look at the day ahead in markets from Ankur Banerjee.

India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank.

The Reserve Bank of India's decision to keep interest rates unchanged, after a nearly year-long hiking cycle, may extend even though the central bank described its move as a pause and not a pivot, said one of the few analysts who predicted the surprise decision.

South Africa's rand weakened against the dollar in early trade on Thursday, as investors awaited U.S. jobs data and its implications for the Federal Reserve's monetary policy.

Ukraine's international reserves grew to an 11-year high of $31.9 billion at the start of April thanks to foreign aid, lower demand for hard currency and moderately-sized payments on government debt, the central bank said on Thursday.

A look at the day ahead in U.S. and global markets from Amanda Cooper.