OctaFX | OctaFX Forex Broker
Open trading account

India: Safe, but not immune – ANZ

Despite India’s less reliance on China, analysts at the Australia and New Zealand Banking Group (ANZ) cited upside risks to inflation or trade if the epidemic stretches long.

Key quotes

We expect the direct impact from the novel coronavirus (COVID-19) outbreak on India to be limited, given the relatively small percentage of Chinese tourist arrivals to India and a small share of exports to China.

However, India's imports from China are close to 14% and delays in shipments can have a bearing on economic activity in the former.

Sectors with large dependence on Chinese imports and those which rely on imported intermediates for consumption and exports, will likely be impacted the most.

In the event of extended disruptions, India could face upside risks to inflation or an adversely changing trade mix where looking for imports from alternative destinations could lead to higher costs.

USD/IDR Price Analysis: Bollinger Bands turn flat for first since December

USD/IDR’s daily chart Bollinger Bands – standard deviation of +2/-2 on price’s 20-day moving average – have turned flat for the first time since early
Read more Previous

Asian stocks: Mixed amid the twist in coronavirus tale

Asian shares fail to keep the recently gained upside for long as the fresh fears of coronavirus from Hubei triggered risk-off during early Thursday.
Read more Next
Start livechat