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Rouble hits new lows as Russian rate hike fails to support MOSCOW: A sharp overnight rate hike failed to ease pressure on the rouble on Tuesday, as the market continued to test the central bank's resolve to defend the currency and piled more pressure on Russia's faltering economy.The rouble opened around 9 percent stronger against the dollar following the overnight 650 basis point rate hike, but it quickly reversed gains and fell to new lows, pushing losses this year against the dollar to 50 percent.At 0907 GMT, the rouble was down around 2.6 percent against the dollar at 66.14 after hitting a new all-time low and was 4.8 percent weaker versus the euro at 82.67 weighed by lower oil prices, Western sanctions over Ukraine and increasing market panic.Analysts said Tuesday could be judgment day for the rouble after it plunged around 10 percent on Monday, its worst fall since the Russian financial crisis in 1998."The central bank will have a very ...


Oil slump curbs risk appetite, pushing yen to 1-month high LONDON: The yen hit a one-month high against the dollar and the euro on Tuesday as investors bought safe-haven currencies amid a slide in oil prices that has triggered a bout of volatility across asset classes.The rouble - a major victim of plunging oil prices - came under renewed pressure, despite the Russian central bank hiking interest rates 650 basis points overnight to halt its collapse.The oil price fall would keep currencies like the Norwegian ...

Turkish lira recovers from record lows, daily tightening expected ISTANBUL: Turkey's lira recovered on Tuesday from record lows on Monday as analysts anticipated daily monetary tightening to support the currency, which has been hit by an emerging market sell-off and domestic political tensions.Although the lira has slid to record depths against the dollar, Turkish Economy Minister Nihat Zeybekci said the currency does not need "strong intervention" measures and that sinking oil prices would help suppress inflation and narrow the current account deficit.Expectations have been ...

Rupiah rises from 16-year low; won buoyed by firmer yen SINGAPORE: The Indonesian rupiah gained some respite after hitting a 16-year low on Tuesday, buoyed by central bank intervention and short-covering.The rupiah's fall had accelerated since Friday in thin year-end trading conditions, with analysts attributing the move to portfolio outflows from Indonesian assets and year-end corporate demand for dollars.The rupiah fell to as low as 12,930 versus the dollar earlier on Tuesday, its lowest level since August 1998, according to Reuters data.It later strengthened to ...

Sterling hits 3-week low vs euro as UK inflation falls sharply LONDON: Sterling hit a three-week low against the euro on Tuesday while gilt yields dipped, after data showed British inflation fell to a 12-year low in November, leaving the Bank of England under no pressure to raise interest rates.Reflecting a slide in global oil prices, the consumer price index rose by an annual 1.0 percent in November, compared with 1.3 percent in October, the Office for National Statistics said on Tuesday.Economists taking part in a ...

Sterling recovers as Carney downplays fall in inflation LONDON: Sterling recovered from a three-week low against the euro in volatile trading on Tuesday after Bank of England Governor Mark Carney played down data showing UK inflation fell to a 12-year low in November.Reflecting a slide in global oil prices, the consumer price index rose by an annual 1.0 percent in November, compared with 1.3 percent in October, the Office for National Statistics said.The euro initially rose to 80.075, its strongest since November 20 ...

Sri Lankan rupee forwards end steady COLOMBO: Sri Lankan rupee forwards closed steady on Monday as banks hesitated to sell them beyond the 132.00-per-dollar level due to moral suasion by the central bank amid mild importer dollar demand, dealers said.The four-day forwards or spot-next-next, which were actively traded, closed at 131.99/132.05 per dollar, unchanged from Monday's close.Currency dealers expect the rupee to be under downward pressure due to a pick-up in credit growth and imports in a lower interest rate and ...


 



 
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