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Indian rupee marks lowest close in over 1 week; dollar rebounds MUMBAI: The Indian rupee slumped on Tuesday, retreating from a nearly three-week high hit earlier in the day as growing worries about global economic growth sparked a recovery in the dollar, offsetting data showing sharply easing domestic inflation.The dollar recovered its footing in Europe on Tuesday after sinking to its lowest in a month against the yen amid deepening worries over global growth and an equities sell-off that is gathering pace.The advance in the greenback erased earlier gains in the rupee after data late on Monday showed India's consumer inflation in September slowed to its lowest on record. Data on Tuesday showed wholesale inflation slid to the lowest in nearly five years in September."The rupee may remain range bound from here, but the next big move will again be defined by how the dollar moves globally," said Anil Bhansali, vice president at Mecklai Financial.The partially convertible rupee closed at 61.41/42 ...


Sri Lankan rupee falls on importer dollar demand, foreign bond sales COLOMBO: The Sri Lankan rupee fell on Tuesday due to importer dollar demand in late trade and as foreign investors sold government securities.The local currency is under downward pressure due to continued foreign selling in government securities, dealers said.The spot currency ended at 130.65/70 per dollar compared with Monday's close of 130.50/60.Dealers said the spot, which was supported by the central bank at 130.55 in early trade, fell due to late dollar demand.Three-day forwards or ...

Kenyan shilling stable, liquidity watched NAIROBI: The Kenyan shilling was little changed on Tuesday although traders said rising liquidity in money markets could weaken the currency.At 0645 GMT, the shilling was trading at 89.25/35 to the dollar, compared with Monday's close of 89.20/89.30.Average overnight lending rates dropped to 5.9673 percent on Monday from 6.1625 percent on Friday, pointing to improved liquidity, which could weigh on the currency as it makes it slightly cheaper for banks to fund long dollar positions."That ...

Dollar recovers after US sell-off LONDON: The dollar recovered its footing in Europe on Tuesday after sinking to its lowest in a month against the yen amid deepening worries over global growth and an equities sell-off that is gathering pace. A messy few days on markets - New York shares dived again on Monday - have highlighted flaws in the arguments of those lobbying for a significantly stronger dollar against the euro, yen and other major currencies. Treasury yields, whose ...

Sterling near 4-week low vs euro ahead of UK inflation data LONDON: Sterling fell to a four-week low against the euro on Tuesday, ahead of data that is likely to show inflation is slowing in the UK and which could prompt the Bank of England to delay the first interest rate hike until well into 2015. Inflation data will be released at 0830 GMT and the consumer price index is seen falling further in September. Expectations are for an annual reading of 1.4 percent in August, ...

Dollar probes lows on risk aversion, dovish rate hike outlook TOKYO: The dollar probed recent lows on Tuesday as risk aversion amid the fall in global equities favoured peers such as the yen, with uncertain timing about the Federal Reserve's interest rate hike further undermining the US currency's appeal.The dollar index was down 0.2 percent at 85.332, well below the four-year high of 86.746 struck earlier this month when a Fed rate hike in the near term seemed more likely.The dollar crawled up 0.2 percent ...

Australian dollar still high vs fundamentals SYDNEY: Despite the recent fall in the Australian dollar, it remains "higher than most conventional estimates of fundamentals would indicate," a senior Australian central banker said on Tuesday. That means the exchange rate is offering less assistance than it would normally be expected in achieving balanced growth in the economy, Reserve Bank of Australia Assistant Governor Guy Debelle told a Citi conference in Sydney. "A lower exchange rate would be helpful in achieving that objective," ...


 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln