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Russian ruble rebounds slightly after record plunge MOSCOW: The Russian ruble rebounded slightly as markets opened Wednesday, after the currency lost a fifth of its value in a single day in the worst crisis of President Vladimir Putin's 15 years in power.At around 0730 GMT, the ruble was trading at 66.96 to the dollar, down from 67.88 on Tuesday evening, and at 83.35 to the euro from 85.15. The central bank said it had spent almost $2 billion in a bid to prop up the currency on Monday.Copyright AFP (Agence France-Presse), 2014


India less vulnerable to rupee falls: policymaker MUMBAI: India is less vulnerable than other emerging markets despite recent falls in the rupee because of improved fundamentals, including lower inflation, said a senior policymaker aware of the central bank's thinking on exchange rates.The Reserve Bank of India will also not target a level for the rupee and will allow the exchange rate to be market determined, the official added, reiterating the central bank's policy."We are less worried as overall market conditions are better, ...

Indonesia's vice president: Rupiah at 12,500/dollar good for economic stability JAKARTA: Indonesia's vice president on Wednesday said having the rupiah trade at 12,500 per dollar was good for economic stability."For stability, I feel that (rupiah) at 12,500 would be good," Vice President Jusuf Kalla told reporters.Kalla said the rupiah's recent depreciation could help exports.The rupiah struck a 16-year low of 12,930 on Tuesday, then climbed back a bit. It was trading at 12,725 at 0540 GMT Wednesday.Copyright Reuters, 2014

Ruble claws back some losses in Asian trade TOKYO: The embattled ruble recouped some losses in Asian trade on Wednesday after crashing to unprecedented lows, but market players were not convinced of authorities' ability to reverse the downward trend.The Russian currency dived to 80 rubles against the dollar and 100 on the euro Tuesday, testing President Vladimir Putin's ability to ride out both the country's economic storm and his clash with the West.To make matters worse, the White House announced that US President ...

Indian rupee, bonds slump; policy makers say not worried MUMBAI: The rupee hit 13-month lows and bonds plunged as markets in the region tumbled on fears about the global economy, raising doubts about whether India can afford to cut interest rates given risks that such a move could trigger foreign outflows.Benchmark 10-year bonds fell the most in more than 8 months, while the rupee hit a session low of 63.70, its weakest against the dollar since Nov. 13, 2013, when India was in the ...

Ugandan shilling weakens as banks buy dollars KAMPALA: The Ugandan shilling weakened for a second straight day on Tuesday as commercial banks bought dollars and traders expected the local currency to lose further ground unless the central bank intervened.At 1025 GMT commercial banks quoted the shilling at 2,780/2,790, weaker than Monday's close of 2,768/2,778."Most commercial banks are short after yesterday's strong energy sector demand (for dollars)," said Robert Mpuuga, trader at Housing Finance Bank."They (banks) are now covering those positions."The shilling fell ...

Kenyan shilling gains on remittances, shares ease NAIROBI: Kenya's shilling strengthened slightly on Tuesday on remittances from Kenyans abroad and a mop-up of excess liquidity by the central bank, while stocks fell.The shilling closed at 90.55/65 to the dollar, compared with 90.60/70 at Monday's close.Duncan Kinuthia, head of trading at Commercial Bank of Africa said there were improved dollar inflows coming in from Kenyans' overseas in the run up to the Christmas break.Money sent home by Kenyans living abroad - or remittances ...


 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln