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Geopolitical tensions put pressure on economies around the world. The Philippine peso fell to 60.8 dollars on Monday.
And the business declined in March where it lost more than 5% of its value. I mentioned Bloomberg that the Central Bank of the Philippines (BSP) said that its intervention in the stock market is still limited by large fluctuations that may affect inflation rather than defending any specific limited level.
The Philippines is one of the most vulnerable economies in Asia لتشتراب عرض testord about 98% from its oil from the Gulf.
Last week, BeInCrypto reported that President Ferdinand Marcos Jr executive order number 110we declare a national emergency in the field of energy.
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At the same time, the price of the Indian ruble fell at the threshold of 95 to the dollar for the first time, and again, to its lowest level during the day at 95.2. the action decreased by 11% during the Indian financial year, which represents its biggest decrease since 2011-2012.
This decrease came despite the recent steps taken by the Reserve Bank of India (RBI) to mitigate the risks. move The bank to determine the net open positions of banks in the Arabian forex market at 100 open as of April 10.
This procedure forces the lenders to shrink their books and limits their capacity to build them. However, this step brought only temporary relief.
According to Reuters, foreign investors ببيع more than 19 billion dollars from Indian stocks during the past year, with the receipt of flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, flows, from Indian stocks during the last year, with the monthly level received in March. Rising sales with high oil prices, driven by the Middle East, which made me worry about it India’s economic weakness, which depends heavily on imported energy.
Analysts at Barclays said in a note on Monday: “The bottom line is that the bank’s ceiling is the ceiling of the underlying dynamics that fueled the pressure on the business.” “Indian yields remain particularly vulnerable to oil supply shocks, while India’s payments supply may be affected further, increasing pressure on capital and financial statements.”
with continued closure of the Strait of Hormuz to a large extent in front of the shipping trafficboth cities are facing increasing headwinds. You may ask in the coming weeks if the limits of the RBI centers and the selective access are on the line.
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