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Indian rupee weakens marginally; ECB meet in focus MUMBAI: The Indian rupee weakened marginally on Monday in the absence of any fresh domestic triggers, with traders waiting for the outcome of the European Central Bank's policy meeting this week for near-term direction.Traders said volumes in the currency market were low on account of the U.S. Labour Day holiday and following a long-weekend back at home.The euro hit a fresh one-year low, as heightened worries about the crisis in Ukraine kept the currency on the defensive ahead of a European Central Bank policy meeting later this week.Traders say foreign fund flows into the stock and debt markets will remain crucial for direction in the near-term.Although foreign investors have remained buyers of Indian shares and bonds through the year, some concerns are emerging about whether the trend can continue, especially since they have now almost reached their purchasing limit in debt markets."The ECB meeting will be watched to see if ...

Sri Lanka rupee gains marginally on remittances COLOMBO: The Sri Lankan rupee ended a tad firmer against the dollar on Monday as inward remittances and sales of the greenback by exporters outpaced demand by importers, dealers said.Dealers expect the local currency to remain steady for the rest of the year after central bank Governor Ajith Nivard Cabraal said recently the banking regulator would intervene in the thinly-traded market whenever needed to keep the rupee stable.The rupee ended at 130.20/21 per dollar, firmer ...
Rupiah cuts losses after trade surplus; Asian currencies helped by stocks SINGAPORE: The rupiah eased on Monday but pared some losses after Indonesia posted a small trade surplus in July and as most emerging Asian currencies gained slightly, with firm regional stocks offsetting downbeat Chinese manufacturing activity.Indonesia reported a $123.7 million trade surplus in July, compared with a Reuters poll forecast for a $390 million deficit. That helped the rupiah recover some of its initial slide.Most emerging Asian currencies gained, with the Philippine peso at its ...
Euro at one-year low against dollar in Asia TOKYO: The euro struggled at a one-year low against the dollar in Asia on Monday, ahead of a European Central Bank (ECB) meeting where policymakers will consider their next move in the face of weak eurozone inflation.The European single currency slipped to $1.3119, its lowest level since September last year and down from $1.3139 in New York, although it ticked up to 136.77 yen from 136.67 yen in US trade.The dollar fetched 104.17 yen, its ...
China's yuan edges up despite weak PMI and midpoint SHANGHAI: China's yuan firmed against the dollar on Monday, with technical buying helping to offset the impact of slightly worse-than-expected manufacturing surveys and weaker daily fix.An official survey showed an index of growth in China's vast manufacturing sector fell from a 27-month high to 51.1 in August, slightly less than forecast and adding to signs of growing softness in the Chinese economy.Another survey by HSBC/Markit Manufacturing, also released on Monday, showed its Purchasing Managers' Index ...
Euro at one-year low against dollar in Asia TOKYO: The euro struggled at a one-year low against the dollar in Asia on Monday, ahead of a European Central Bank (ECB) meeting where policymakers will consider their next move in the face of weak eurozone inflation.The European single currency slipped to $1.3119, its lowest level since September last year and down from $1.3139 in New York, although it ticked up to 136.77 yen from 136.67 yen in US trade.The dollar fetched 104.17 yen, its ...
Sri Lanka rupee weakens on importer dollar demand COLOMBO: The Sri Lankan rupee ended weaker on Friday as importer dollar demand outpaced exporter greenback sales, while dollar sales by state banks prevented a sharp fall, dealers said. The dealers 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 the banking regulator would intervene in the thinly-traded market whenever needed to keep the ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln