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South Korea won ekes out losses for second session, bonds tick up SEOUL: The South Korean won eased early on Tuesday, extending the previous day's decline as investors generally avoided risky assets while a political impasse in Washington threatened to push the United States into a debt default.The won was quoted at 1,073.8 against the dollar as of 0230 GMT, compared to Monday's close in Seoul at 1,071.5."We're seeing yesterday's dollar short-covering continue today," said a local bank dealer in Seoul. "Dollar sales by local exporters have mostly dried up."The benchmark Korea Composite Stock Price Index was down half a percent early on Tuesday, further weighing on the won, with both the share market and the won hurt by broad risk-off sentiment stemming from the US fiscal standoff just 10 days from a critical deadline to raise the country's debt ceiling.December futures on three-year treasury bonds ticked up 0.03 points to trade at 105.91, but trading was sluggish ahead of a public ...

Dollar sinks in Asia on US debt fears TOKYO: The dollar fell in Asia Monday as investors fear a US budget deadlock in Washington could continue past a mid-October deadline to raise the country's borrowing limit and cause a devastating default.The greenback bought 97.10 yen in Tokyo, against 97.47 yen in New York Friday afternoon.The euro fetched $1.3568 and 131.78 yen, compared with $1.3557 and 132.14 yen.Traders are buying the safe-haven yen on concerns US lawmakers -- whose face-off has forced a government ...
South Korea won touches 8-1/2 month high on offshore dollar selling SEOUL: The South Korean won inched higher in early domestic trade on Monday, touching an 8-1/2 month peak on dollar-selling by offshore investors despite worries about potential intervention by the local authorities to curb the won's rise.The local currency was quoted at 1,069.4 against the dollar as of 0247 GMT, compared with Friday's domestic close of 1,070.3. It traded as high as 1,068.5 in early morning trade, the strongest since Jan. 24.Dealers said offshore players ...
Sri Lanka rupee to show 'stable' behaviour in coming months COLOMBO: Sri Lanka's currency will "behave in a stable manner" in the next few months as the central bank has taken steps needed to deal with a volatile environment, Governor Ajith Nivard Cabraal said Friday.The Sri Lankan rupee hit a record low of 135.20 against the US dollar on Aug. 28, but since then has risen 3.2 percent, helped by inflows from a corporate bond.On Friday, it was trading at 131.30/50 per dollar, near its ...
Dollar slips as no sign of progress in US budget stalemate TOKYO: The dollar was on the back foot against the yen and the Swiss franc in early Asian trade on Monday as the weekend produced little progress in Washington over the US budget standoff, keeping the greenback stuck close to 8-month lows against a basket of major currencies.Republican House Speaker John Boehner vowed on Sunday that there is "no way" Republican lawmakers will agree to a measure to raise the debt ceiling unless it includes ...
Dollar hit in Asia by US debt fears TOKYO: The dollar fell in Asia on Friday as investors ran for the euro and yen on growing fears the US government shutdown could lead to a catastrophic debt default.The greenback bought 97.08 yen in Tokyo afternoon trade, down from 97.27 yen in New York, where it at one point slipped below the 97-yen mark.The decline came as the Bank of Japan held off fresh monetary easing measures despite fears about the impact of a ...
India's Sept 20 money supply up 12.5pc y/y MUMBAI: India's M3 money supply rose an annualised 12.5 percent in the two weeks to Sept. 20, slower than 13.6 percent a year earlier, the Reserve Bank of India said on Tuesday.Money supply was 87.95 trillion rupees ($1.4 trillion) as of Sept. 20, compared with 88.36 trillion rupees on Sept. 6, the central bank data showed.The central bank said year-on-year reserve money rose 6.1 percent in the week to Sept. 27, from 4.4 percent a ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln