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Dollar mixed in Asia after US budget deal TOKYO: The dollar edged up slightly against the yen, but slipped against the euro in Asian trade on Friday as dealers turn their attention from the US debt showdown to the future of the Federal Reserve's stimulus programme.The greenback bought 98.01 yen midday Friday in Tokyo, marginally up from 97.91 yen in New York but well below the mid-98 yen range in Tokyo earlier Thursday.The euro bought $1.3663 and 133.85 yen compared with $1.3677 and 133.92 yen.While markets breathed a sigh of relief that US lawmakers on Wednesday agreed a deal to reopen the government and avert a default, the temporary nature of the fix weighed on sentiment.The bill restarts government operations until January 15 and raises the debt ceiling until February 7, giving lawmakers time to draw up a longer term deal."Despite a US deal being done and a crisis averted (for now), investors are now wondering whether to ...

Sri Lanka rupee slips after rate cut; dealers expect downward pressure COLOMBO: The Sri Lankan rupee edged down on Tuesday after the central bank surprisingly cut key policy interest rates by 50 basis points to multi-year lows.The local currency could come under further pressure as big investors may start selling government bonds due to lower returns, dealers said.The spot rupee was trading at 131.02/05 per dollar at 0505 GMT, weaker from Monday's close of 130.90/95, which was its highest since July 16.Before the markets opened, the ...
South Korea won inches up to near 9 month high on U.S deal hopes SEOUL: The South Korean won advanced to its highest against the greenback in nearly nine months early on Tuesday, lifted by a rally in the local stock market on hopes the US will avert a possible debt default.The local currency was quoted at 1,068.2 per dollar as of 0205 GMT, up 0.3 percent from Monday's onshore close at 1,071.5.The won rose as high as 1,067.5 shortly after markets opened its strongest since Jan. 24 this ...
Yuan sets record high vs dollar after strong central bank guidance SHANGHAI: The Chinese yuan set a new peak against the dollar on Monday afternoon after the central bank guided the currency up through a record high guidance rate in the morning, as traders shrugged off negative export data.The yuan changed hands at 6.1088 per dollar at 4:08 p.m. local time, its strongest rate since August 16, when it traded at 6.1090. It backed off briefly, then firmed again to 6.1073 a few minutes later.The People's ...
India rupee weakens on private oil demand; high inflation hurts MUMBAI: The Indian rupee weakened on Monday, snapping two days of gains after data showed higher-than-expected inflation for September and robust dollar demand from a large private oil firm.Traders are also awaiting the outcome of talks to raise the US debt limit to avoid what would be a historic default. The dollar slipped and the yen gained on safe-haven demand."It was largely a very dull market domestically," said Uday Bhatt, a foreign exchange dealer with ...
Dollar down as debt default looms SINGAPORE: The dollar weakened in Asian trade Monday as lawmakers in Washington struggle to agree a budget deal that will avoid a damaging debt default. In Singapore afternoon trade, the greenback slipped to 98.27 yen from 98.59 yen in New York late Friday. The euro rose to $1.3565 from $1.3546 but dipped to 133.30 yen from 133.55 yen. Japanese markets are closed for a public holiday.Republicans and Democrats were unable to find a compromise after ...
South Korea won steady as investors monitor US debt talks SEOUL: The South Korean won was nearly flat in early domestic trade on Monday, trapped in a relatively narrow band in the absence of major cues as investors monitored the latest news on the US government shutdown and debt ceiling negotiations.The local currency was quoted at 1,072.3 against the dollar as of 0210 GMT, compared with Friday's domestic closing level of 1,071.4.The US Senate continued to negotiate ending the fiscal crisis over the weekend but ...

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19






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