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Russia's ruble plunges to historic low against euro MOSCOW: Russia's ruble on Monday slumped to a new all-time low against the euro as the spillover from the Ukraine crisis and falling oil prices pummelled the economy.The ruble slumped to 51.27 to the euro, breaking through a previous low seen in March in the wake of Moscow's annexation of the Black Sea peninsula of Crimea from Ukraine.The national currency also dropped against the dollar to a rate of 40.42, according to the Moscow Exchange, scudding along beneath the psychologically important mark of 40 to the dollar that it broke through last week. The fresh slump came after Russia's central bank chief Elvira Nabiullina said the regulator had pumped some $6 billion into propping up the currency over the past ten days. Nabiullina however ruled out establishing a fixed exchange in a bid to stop the decline. "Setting a fixed exchange rate would, in my opinion, be a counterproductive decision ...

Kenyan shilling treads water against the dollar NAIROBI: The Kenyan shilling held steady against the dollar on Monday as importers remained on the sidelines.At 0805 GMT, leading commercial banks posted the shilling at 89.10/20, unchanged from Friday's close.The shilling, which is 2.8 percent down against the US currency this year, has been under pressure due to a dearth of dollars as tourism, a key source of foreign exchange, dwindled in the wake of frequent attacks by Islamists.Traders said the supply of dollars ...

Global growth worries buffet sterling in wake of G20 LONDON: Sterling dipped against the euro on Monday but was steadier against the dollar after a weekend summit of financial leaders that raised more questions about how fast U.S. and UK interest rates can rise amid a global struggle for growth.Money market rates have already shown investors backing off the expectations of a Bank of England rate hike this year that drove sterling to a six-year peak against the dollar in July.Concerns that the euro ...

Egyptian pound steady on official, weaker on black market CAIRO: Egypt's pound held steady at a central bank dollar sale on Monday, when the bank said it sold $37.4 million at a cut-off price of 7.1401 pounds per dollar.The price was unchanged from Thursday's sale.In the unofficial market, the pound was trading at 7.38 to the dollar, slightly weaker than Thursday's rate of 7.37, one trader said.The rate for dollar sales has stayed in a tight range since the beginning of June, after the ...

Ugandan shilling weakens on importer demand KAMPALA: The Ugandan shilling fell for a second session on Monday, weighed down by dollar demand from importers, with the weakening seen as likely to persuade the central bank to keep interest rates on hold on Tuesday.At 0942 GMT commercial banks quoted the shilling at 2,673/2,683, weaker than Friday's close of 2,667/2,677."We're seeing a continuation of appetite from importers," said Centenary Bank trader Sage Daniel Muganza.Muganza said liquidity in the interbank market was tightening after ...

Sri Lanka rupee weaker due to equity outflows, importer demand COLOMBO: The Sri Lanka rupee ended weaker on Monday due to dollar demand for stock-related outflows and from importers, while dealers said the central bank's moral suasion prevented the spot trading above 130.40 and forced forwards trade.The spot currency was quoted at 130.50/60 per dollar, compared with Friday's close of 130.40/50. Dealers said the spot rupee did not trade as banks were reluctant to trade beyond the 130.40 level, at which the central bank had ...

Indian rupee gains on positive China trade data MUMBAI: The Indian rupee started the week on a winning note after stronger-than-expected China trade data lifted risk appetite for emerging market assets by easing some of the recent concerns about the global economy.Data on Monday showed China's exports in September grew more than the market expected, while imports surprisingly expanded, alleviating worries about deteriorating domestic demand in the world's second-largest economy.But broader gains were capped ahead of consumer inflation data. Consumer price inflation is ...


Index Closing Chg%
Arrow DJIA 16,380.41 1.63
Arrow Nasdaq 4,258.44 0.97
Arrow S&P 1,886.76 1.29
Arrow FTSE 6,310.29 1.85
Arrow DAX 8,850.27 3.12
Arrow CAC-40 4,033.18 2.92
Arrow Nikkei 14,532.51 1.40
Arrow H.Seng 23,023.21 0.53
Arrow Sensex 26,108.53 0.42

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln