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India rupee, stocks rally as new RBI chief fuels confidence MUMBAI: The rupee rallied and shares surged on Thursday after India's new central bank chief unveiled a slew of measures to support the ailing currency and open markets, providing a shot of confidence for investors unnerved by the country's worst economic crisis in two decades.The rupee rose as much as 2.3 percent to 65.53 per dollar, well off the record low 68.85 hit on Aug. 28.The main NSE shares index rose as much as 3.3 percent, propelled by lenders such as HDFC Bank, which surged after the new measures included increasing overseas borrowing limits for banks.However, amid the euphoria over Reserve Bank of India (RBI)Governor Raghuram Rajan's strong Wednesday debut, economists warned he cannot by himself solve the challenges in an economy facing a sharp growth slowdown and a record high current account deficit, which have fueled a 16 percent slide in the rupee so far this year.The government has ...

China's yuan edges up on PBOC guidance, upside limited SHANGHAI: China's yuan edged up against the dollar on Thursday after the central bank set a slightly firmer midpoint to reflect an overnight fall in the dollar index .Spot yuan changed hands at 6.1193 per dollar near midday, up 0.01 percent from the previous close, after the People's Bank of China (PBOC) set its midpoint at 6.1696, or 0.05 percent stronger than Wednesday's 6.1729.Traders said the central bank appears to be guiding the yuan with ...
Dollar off six-week high as US jobs, central bank decisions eyed TOKYO: The dollar steadied just below a six-week high on Thursday after investors had booked profits on its recent gains ahead of key events, including monetary policy meetings in major economies and a crucial US jobs report that could make or break the case for a reduction in US stimulus this month.The dollar index stood at 82.201 , little changed on the day and off a six-week high of 82.516 hit on Tuesday.The euro held ...
Sri Lanka rupee weaker on importer dollar demand COLOMBO: Sept 4 (Reuters) - The Sri Lankan rupee traded weaker on Wednesday due to importer dollar demand and the local currency remained under pressure in the absence of strong dollar inflows, dealers said.The rupee spot next or one-day forward, which was active in the market in the absence of spot trade, traded at 133.10/20 per dollar at 0552 GMT, compared with Tuesday's close of 133.05/10.The currency hit a record low of 135.20 per dollar ...
Dollar climbs on US growth hope TOKYO: The dollar clawed its way up in Asian trade Wednesday as upbeat US data outweighed concerns over possible military action in Syria.The greenback fetched 99.76 yen in Tokyo afternoon trade against 99.54 yen Tuesday in New York, where the US unit rose to a one-month high close to 100 yen."The bias is on the upside, but there are selling orders below 100 yen acting as resistance," Kengo Suzuki, forex strategist at Mizuho Securities, told ...
China's yuan rises on signs of economic recovery, but upside limited SHANGHAI: China's yuan rose slightly against the dollar on Wednesday amid further signs of economic momentum in the world's second-largest economy, while traders said dollar selling by companies continues to support the Chinese currency.Growth in China's services sector hit a five-month high in August, underpinned by optimism over government policy measures, a private survey showed, the latest evidence that the world's second-largest economy may have averted a sharp slowdown.The Markit/HSBC Services Purchasing Managers' Index (PMI) ...
Indian rupee slips towards record low as central bank ushers in new head MUMBAI: The rupee slid towards a record low against the dollar on Wednesday, providing the incoming governor of the country's central bank with a test of fire as he takes over in the middle of a slump in confidence in the economy and its currency.Raghuram Rajan, a suave, unflappable former chief economist at the International Monetary Fund (IMF), takes over in a public ceremony on Wednesday.He enters office as the economy struggles with decade-low growth, ...

 



 
Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
Arrow FTSE 6,453.87 0.81
Arrow DAX 9,082.81 0.16
Arrow CAC-40 4,110.64 0.05
Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
Arrow Sensex 27,098.17 0.81





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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