Royal Bank of Canada Currency revaluation of China, India, South Korea.

<P> Worry about the debt crisis in Europe prompted investors to sell emerging market assets, Royal Bank of Canada (RBC) reduced the expected year-end Indian rupee and Korean won. .And predict the end of this month, U.S. dollar against 6.83 yuan appreciation from 1 to 6.7. .</ P> <P> Royal Bank of Canada in June 4 in a research report that the rupee to appreciate 6.5% by the end of this year, up to 1 U.S. dollar 44 rupees, won the appreciation of 14% to 1 U.S. dollar 1,050 won, .revise its previous forecast of 42.50 and 1000, respectively. .The bank predicted the yuan will appreciate by 5%, 1 U.S. dollar against 6.50 yuan. .</ P> <P> Royal Bank of Canada (RBC) global head of FX strategy AdamCole said in a report, "May we see the whole performance of the global foreign exchange market turmoil, we need to adjust our expectations of monetary and policy." He said: ."The recent further weakness in high-risk still exists." .</ P> <P> rupees for the quarter and won the most commonly used in Asian currencies led by 10, decreased by 6.2%, 3.8%, mainly because of concerns Greece, Portugal and Spain's debt rating lowered, and the European Union announced .750 billion euros (893 billion U.S. dollars) package of rescue. .</ P> <P> June 3 Morgan Stanley reduced the valuation of Asian currencies, because Europe is implementing the austerity measures would hurt Asian exports. .Morgan Stanley said in a report, Asian exports 9% to 27% of sales to the European Union, India exports 27% of its total exports, China accounted for 23% of exports. .</ P> <P> political conflict </ P> <P> Cheonan South Korea shipwreck deterioration of the Korean Peninsula, tensions, exacerbated won's decline. .RBC said "The recent sell-off has been overdone won, should be amended." .The report shows that the bank reduced the benchmark interest rate in Korea is expected to end, from 3% to 2.75%, the current record low of 2%. .</ P> <P> The bank said last week, rupee fell 1%, 1 U.S. dollar Rs 46.84, the recent further decline in risk. .Tight fiscal perhaps the country's currency devaluation. .Morgan Stanley Asia Chairman Stephen Roach said last week that the fiscal year in March in India's fiscal deficit reached 6.9% of its GDP, is worrying. .</ P> <P> China's exchange rate, interest rate </ P> <P> end of this month the bank forecast the yuan peg to the dollar from 22 months to about 1 U.S. dollar appreciated 6.7 6.83. .The People's Bank of China late in the fourth quarter increased 1-year benchmark lending rate of 6.1. .</ P>.