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Indian rupee ends lower after Yellen speech MUMBAI: The Indian rupee fell on Monday, retreating from a three-week high hit last week, as the dollar gained after U.S. Federal Reserve chief Janet Yellen was seen as more hawkish than her European counterpart at a central bankers' meeting.Most emerging Asian currencies eased on Monday after Yellen called for a "pragmatic" approach to U.S. monetary policy on Friday at a speech in Jackson Hole, Wyoming.Some caution also prevailed ahead of gross domestic product data for the April-June quarter on Friday and possibly current account deficit numbers sometime this week.However, broader sentiment remained supported by solid foreign flows into bonds and stocks. On Friday, foreign funds bought debt worth $286.69 million, and around $49.95 million in shares, official data showed."It is the foreign fund flows that have supported the rupee, and will continue to do so in the near term," said Surendran A. V., head of treasury at Dhanlaxmi Bank.The ...

Dollar climbs as euro struggles near 1-year low NEW YORK: The dollar rose on Monday as the euro dropped on weak German economic data and comments by European Central Bank chief Mario Draghi raised market expectations of quantitative easing in the euro zone.The U.S. dollar index, which values the greenback against a basket of a half dozen major currencies, was up 0.22 percent in early New York trading after touching a 2014 high of 82.588.The index, which was up for a seventh straight ...

C$ weakens as investors mull central bank policies TORONTO: The Canadian dollar weakened against the greenback on Monday, hurt by concerns that diverging paths for central bank policy could leave the Bank of Canada on the sidelines even when the Federal Reserve ultimately starts raising rates.On the economic front, the loonie had few catalysts, with no domestic data on the docket until Friday's gross domestic product report. Analysts are forecasting the economy likely bounced back in the second quarter after being hit by ...

South Africa's rand eases within range ahead of GDP data JOHANNESBURG: South Africa's rand eased slightly on Monday and remained within a tight recent trading range ahead of GDP data in the next session, while concerns over the euro zone economies kept pressure on the local unit.The rand softened by 0.11 percent to 10.7070 by 1446 GMT. Trade volumes were low due to a bank holiday in the U.K. with rand watchers awaiting the release of South Africa's second-quarter GDP figure on Tuesday."From tomorrow it ...

Egyptian pound holds steady vs dollar at central bank sale CAIRO: Egypt's pound held steady at a central bank dollar sale on Monday, with the bank saying it sold $37.6 million at a cut-off price of 7.1401 pounds per dollar, unchanged from last Thursday's rate.The rate for dollar sales has stayed in a very tight range since the beginning of June, after the bank allowed the pound to weaken in May. The central bank offered $40 million on Monday.The rates at which banks are allowed ...

Euro struggles near 1-year low on weak German data, Draghi's comments LONDON: The euro fell to its lowest in nearly a year against the dollar on Monday, hurt by weak German data and after comments from the head of the European Central Bank raised expectations of quantitative easing.Germany's Ifo business climate index, based on a monthly survey of some 7,000 companies, fell to 106.3 from 108, undershooting the Reuters consensus forecast of 107, as a conflict between Russia and Ukraine took its toll on Europe's biggest ...

Sri Lanka rupee ends steady; seen stable in 2014 COLOMBO: The Sri Lankan rupee ended flat on Monday as mild importer dollar demand helped offset greenback sales from exporters and inward remittances, dealers said.The dealers said they expect the local currency to remain steady for the rest of the year after positive comments by the central bank chief last week.Central bank Governor Ajith Nivard Cabraal said last week the banking regulator would intervene in the thinly-traded market whenever required to keep the rupee stable.The ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln