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Indian rupee ends little changed; China PMI in focus MUMBAI: The Indian rupee ended little changed on Monday after gaining in each of the previous four sessions as investors turned more cautious a day before a preliminary survey on China's manufacturing sector.Worries about the health of China's economy have been a major drag in emerging market assets over the past week, while uncertainty also remains about the US Federal Reserve's near-zero interest rate policy. Meanwhile, the rupee is also likely to remain range-bound ahead of the Reserve Bank of India's policy review on Sept. 30. Although the central bank is widely expected to keep interest rates unchanged, markets will focus on the tone of its statement. "Rupee should be range-bound, given that we are seeing inflows and state-owned banks are buying (dollars) in the market," said Ashtosh Raina, head of foreign exchange trading at HDFC Bank. Raina expects the rupee in a 60.50 to 61.50 range in the near ...

Egyptian pound steady on official market, weakens on black market CAIRO: Egypt's pound held steady at a central bank dollar sale on Monday, with the bank saying it sold $38.4 million at a cut-off price of 7.1401 pounds per dollar, unchanged from Thursday's rate.In the unofficial market, the pound was weaker, trading at 7.44 to the dollar, compared to 7.35 on Thursday.The rate for dollar sales has stayed in a tight range since the beginning of June, after the bank allowed the pound to weaken ...

Dollar sits back after record-breaking run higher LONDON: Major currencies recovered some ground against the dollar on Monday after the dollar index racked up a 10th straight week of gains, its longest winning streak since its free float in 1973.Stock and currency markets were taking a breather after one of the most volatile and event-filled weeks in more than a year, but there is plenty of data and policymaker comment spread through this week for investors to get their teeth into.Top of ...

Kenya shilling under pressure again after central bank action NAIROBI: Kenya's shilling weakened on Monday in a quiet start to the week's trading after the central bank intervened to support the currency by selling dollars in the two previous sessions.A downturn in the tourism industry, after a spate of bomb and gun attacks along the coast and in the capital this year, has hurt one of the east African country's major sources of hard currency.At 0752 GMT, the shilling was trading at 88.70/80 to ...

Sterling firms as focus turns to UK fundamentals, rate outlook LONDON: Sterling rose on Monday, inching back towards recent two-year highs against the euro and moving higher against the dollar as investors focused on Britain's economic fundamentals and interest rate expectations after Scotland's independence vote.The euro traded 0.2 percent lower against sterling at 78.64 pence, not far off a two-year low of 78.10 struck on Friday amid relief over the Scots' decision in a referendum to reject independence and to stay inside the United Kingdom.The ...

Dollar index faces resistance zone of 84.753-84.935 SINGAPORE: The dollar index faces a resistance zone of 84.753-84.935 and may either hover around this range or retrace towards 83.512.The zone has been formed by the July 9, 2013 high and the 50 percent Fibonacci projection level of an upward wave 3, the third wave of a five-wave cycle that developed from the May 5, 2011 low of 72.809.There has not been a decent correction ever since the index rose sharply from the June ...

Sri Lanka rupee steady on dull trade; seen flat until 2015 budget COLOMBO: The Sri Lankan rupee traded steady on Monday as inward remittances and exporter dollar conversions helped offset demand for the greenback from importers, and dealers expect the local currency to be steady until the nation's budget announcement.The spot currency was steady at 130.28/30 per dollar by 0600 GMT, unchanged from Friday's close."As long as foreign investors are interested in government securities, we see the rupee in an appreciating trend," said a currency dealer on ...


Index Closing Chg%
Arrow DJIA 17,172.68 0.62
Arrow Nasdaq 4,527.69 1.14
Arrow S&P 1,994.29 0.80
Arrow FTSE 6,773.63 0.94
Arrow DAX 9,749.54 0.51
Arrow CAC-40 4,442.55 0.42
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,955.49 1.44
Arrow Sensex 27,206.74 0.43

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln