Petrol protests may delay diesel reform
The UPA government came under intense pressure on Thursday from within the ruling coalition and protesters to roll back the steepest petrol price hike in the country's history, less than 24 hours after it took the unpopular decision cheered by investors. Full Article
Reuters Showcase
Aiming To Crack China
India's Mahindra taps Korean arm to push brand in world's largest auto market Full Article
Factories Take a Hit
China May factory activity turns down, according to HSBC Flash PMI. Full Article
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
POLL - Investors turn long on Asian currencies
SINGAPORE |
SINGAPORE (Reuters) - Investors turned bullish on all seven emerging Asian currencies covered in a regular Reuters survey versus the U.S. dollar, as they took heart from tentative signs of a global economic recovery.
The poll, conducted on Friday, showed investors switched their positions to being long on the Taiwan dollar, Indonesian rupiah, Singapore dollar, Malaysian ringgit as well on the Philippine peso in the past month.
Market participants also raised their long bets on the South Korean won and Indian rupee, according to the survey.
The monthly survey asked 10 currency strategists to estimate how the market is positioned in seven Asian currencies against the U.S. dollar.
It measures estimates of the net long or short position in a currency on a scale of minus 3 to plus 3. A score of plus 3 indicates the market is significantly long on dollars.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints





Follow Reuters