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KUALA LUMPUR: AmBank Economic Research is forecasting the ringgit to appreciate further to around RM4.5 by the year-end against the US dollar due to a combination of factors, including the potential narrowing interest rate differentials between the currencies which is more beneficial to the local unit. ....
Bank Indonesia Anticipates Fed Rate Cuts in H2 2024 to Boost Rupiah jakartaglobe.id - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jakartaglobe.id Daily Mail and Mail on Sunday newspapers.
Foreign institutional investors offloaded shares worth Rs 1,712.33 crore, while domestic institutional investors bought Rs 1,512.14 crore worth of stocks on November 9, provisional data from the National Stock Exchange showed. ....
Although global uncertainties make it difficult to predict Fed interest rates, he feels rates will not go much higher. His chief concern is inflation, which he said, was being managed. ....