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Indian rupee closes higher on foreign inflows, bucks weak Asia peers MUMBAI: The Indian rupee shrugged off weakness in major Asian currencies to post a modest gain Friday on strong foreign inflows, reversing the depreciating trend of the last three days. The Bank of Japan's surpise monetary stimulus strengthened the dollar, causing a slide in the Yen as well as other major Asian currencies and nibbling away at the rupee's gains on the day. For the month, most Asian currencies reported losses barring the Indonesian rupiah and the Indian rupee. The rupee rose around 0.7 percent on the month in October tracking easing inflation, a ratings outlook upgrade by S&P and policy steps from the government, which helped propel more dollar inflows as confidence in the Indian economy grows. Foreign investors have bought around $2.4 billion in both debt and equity so far in October, pushing the total inflows to nearly $36 billion so far in the year. Analysts expect the ...

Sri Lankan rupee forwards fall on importer dollar demand COLOMBO: Sri Lankan rupee forwards fell slightly on Friday due to importer dollar demand, but moral suasion by the central bank prevented them from falling below 131.00, dealers said.The spot currency was not quoted due to moral suasion, dealers said. It closed at 130.85/90 per dollar on Thursday.Three-day forwards, or spot next, were actively traded in the absence of spot trade. Spot next was traded at 131.00/05 per dollar compared with Thursday's close of 130.90/131.00."There ...
Yen plunges to near seven-year low in Tokyo after BoJ easing TOKYO: The yen plunged to a near seven-year low in Asia on Friday after the Bank of Japan said it would expand its already vast asset-purchasing programme in a bid to kickstart the economy.The dollar rallied to 110.68 yen -- its highest since January 2008 -- in Tokyo after the surprise announcement, up from 109.36 yen in the morning and 109.22 yen in New York Thursday."We are getting a bunch of orders" including those from ...
Yen plunges to six-year low in Tokyo after BoJ easing TOKYO: The yen plunged to a six-year low in Asia on Friday after the Bank of Japan said it would expand its already vast asset-purchasing programme in a bid to kickstart the economy.The dollar rallied to 110.39 yen -- its highest since August 2008 -- in Tokyo after the surprise announcement, up from 109.36 yen in the morning and 109.22 yen in New York Thursday.The euro rose to 138.44 yen from 137.79 yen in earlier ...
China's yuan rises on corporate dollar sales, set to rise 0.5 pct in Oct SHANGHAI: China's yuan edged higher against the dollar on Friday, buoyed by strong corporate dollar sales, traders said, and it is set to show a gain of 0.5 percent in October, the fifth straight month of mild appreciation."Many companies are selling dollars this morning, continuing a recent trend," said a trader at an Asian bank in Shanghai, adding that the corporate dollar sales might indicate the market is betting on strong exports again in October.Spot ...
Sri Lanka rupee edges up on remittances, exporter dollar sales COLOMBO: The Sri Lankan rupee traded a tad firmer on Thursday due to inflows from remittances and exporter dollar sales after the central bank prevented the local currency from falling below 131.00, dealers said.The spot currency was quoted at 130.85/90 per dollar at 0828 GMT compared to Wednesday's close of 130.80/131.00. It was largely untraded last week on moral suasion by the central bank.Dealers said three-day forward or spot next was actively traded in the ...
Dollar up in Asia on Fed's bullish tone TOKYO: The dollar rose in Asia on Thursday as a slightly bullish turn by the US Federal Reserve fuelled hopes for an early rise in US interest rates.The greenback hit a three-week high of 109.08 yen in afternoon trade, up from 108.90 yen in New York and 108.12 yen in Tokyo earlier Wednesday.The euro fell to $1.2594 from $1.2634 in US trade and Wednesday's $1.2737 in Asia. The single currency was at 137.39 yen compared ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln