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China's yuan drops, set for 1st monthly decline since April SHANGHAI: China's yuan fell on Friday as companies' demand for dollars surged at month-end, with the currency on course for its first monthly decline in seven months.By midday, spot yuan was at 6.1479 per dollar, its lowest level in two months, and 0.14 percent weaker than Thursday's close of 6.1392.The People's Bank of China (PBOC) fixed the yuan's daily midpoint at 6.1345 per dollar, down 0.04 percent from previous fix."The dollar purchase outweighs sales today, partly due to seasonal high demand from companies, especially from oil companies," said a trader at a European bank in Shanghai.Chinese oil firms - mainly PetroChina and Sinopec Corp - are primary dollar buyers on the domestic market given that the oil trade is conducted mostly in dollars."But the pessimistic sentiment towards the yuan after the interest rate cut also makes investors tend to keep more dollarson hand," he added, referring to the central bank's ...

India's 10-year bond at 16-month high on rate cut hopes MUMBAI: India's benchmark 10-year bonds rose to their highest level in 16 months on Friday, as plunging global oil prices reinforced expectations of a rate cut by the central bank when it reviews monetary policy on Tuesday. The 10-year bond yields however retreated from the 16-month low of 8.06 percent on profit-taking after cut-offs on a 10-year debt sale earlier in the day came in at higher-than-prevailing market levels.Yields fell as much as 19 basis ...
JGBs edge higher, with 10 year yield at nearly 20-month low TOKYO: Japanese government bonds (JGBs) inched higher on Thursday, taking the benchmark yield down to a level not seen since the days following the Bank of Japan's announcement of its massive easing programme in April 2013. Market moves were relatively small, with investors taking cues from weak equities and stronger US Treasuries prices overnight. BoJ buying under its asset purchasing scheme also underpinned the market. The BoJ offered to buy a total of 800 billion ...
China 50-year fin min bonds yield at 4.24pc, within forecasts SHANGHAI: China's Ministry of Finance auctioned 26 billion yuan ($4.25 billion) of 50-year bonds in the interbank market on Friday at an average yield of 4.24 percent, traders said, within expectation.Market forecasts had centred around 4.32 percent and ranged from 4.22 to 4.50 percent. The auction yield came in below Thursday's benchmark secondary market yield of 4.2771 percent for 50-year government bonds. Copyright Reuters, 2014 ...
Indian bonds steady after central bank adviser comments; hopes of rate cut grow MUMBAI: Indian government bonds pared all losses to end little changed on Thursday, after Bloomberg quoted a central bank adviser as calling for an interest rate cut, while the continued fall in global crude oil prices also aided sentiment.Bloomberg quoted Arvind Virmani, a member of the central bank's external advisory committee, as saying "the time for easing monetary policy has arrived" due to easing consumer inflation.Hopes the Reserve Bank of India will cut interest rates ...
Indian bonds snap 2-day winning streak on profit-taking; trend bullish MUMBAI: Indian government bonds fell on Wednesday, snapping a two-day winning streak as investors booked profits even as sentiment remained broadly positive due to a continued fall in crude prices.Traders said bonds would continue to be supported by hopes the Reserve Bank of India will cut interest rates by as early as February. The central bank's next policy review is on Dec. 2 when it is expected to adopt a more dovish tone.Foreign investors have ...
China 10-year fin min bonds yield at 3.5780pc, within forecasts SHANGHAI: China's Ministry of Finance auctioned 28 billion yuan ($4.58 billion) of 10-year bonds in the interbank market on Wednesday at an average yield of 3.5780 percent, traders said, as expected. Market forecasts had centred around 3.58 percent and ranged from 3.55 to 3.64 percent. The auction yield came in below Tuesday's benchmark secondary market yield of 3.6070 percent for 10-year government bonds. For stories on Chinese debt issues. Copyright Reuters, 2014 ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln