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Indian rupee posts best gain in two weeks; central bank support seen MUMBAI: The Indian rupee posted its best single-day gain in two weeks on Thursday, boosted by hopes of a package from the government and the central bank over the weekend which would help bring in much needed dollar inflows to fund the current account gap."Wait till the end of the week," Economic Affairs Secretary Arvind Mayaram told reporters in Mumbai when asked about further likely steps to prop up the rupee. "Finance minister will talk about this later," he added.Among the steps being considered are raising dollars via state-run banks or companies and easing overseas borrowing rules..The central bank could also announce additional steps to follow its cash-draining measures announced last month.Traders, however, were cautious of reacting too early, especially as repeated comments from policymakers earlier have led to no concrete outcome, preventing a much sharper rally."RBI's earlier measures have not been sufficient to stop rupee's fall. The news that ...

Dollar loses early gains in afternoon Asian trade TOKYO: The dollar failed to hold on to early gains against the yen in Asian afternoon trade, after the Bank of Japan kept its monetary easing campaign unchanged.The greenback slipped to 96.28 yen in Tokyo afternoon trade from 96.39 yen in New York Wednesday, while the euro also lost its morning gains to sit at 128.45 yen from 128.55 yen in US trading.The European single currency strengthened in afternoon deals to $1.3341 from $1.3334 in ...
Sri Lanka rupee little changed amid importer dollar demand COLOMBO: The Sri Lankan rupee traded little changed on Thursday amid importer dollar demand, with dealers shifted to one-day forward trades by the central bank, which wanted to keep the spot dollar rate below 131.60 rupees.One-day forwards slipped to 131.74/78 from Wednesday's close of 131.72/78 at 0549 GMT.Dealers said pressure on the currency would remain as exporters adopted a wait-and-see approach.The rupee has fallen around 4 percent since June 7, after foreign investors started to ...
Yuan strikes new high for second day after positive trade data SHANGHAI: China's yuan hit a record high against the dollar for a second straight day on Thursday, with traders citing central bank intervention and short-term hedging trades for the rise.Few market participants, however, believe that present gains signalled the beginning of another sustained rally in the currency's value, even after China's stronger-than-expected export performance in July."Trading was light over these two days, meaning there is not an overwhelming trend for the yuan to appreciate," said ...
Dollar weak in Asia after tepid jobs data TOKYO: The dollar was under pressure in Asia on Monday after lacklustre US jobs data and exporter selling weighed on the unit.The greenback fetched 98.73 yen in Tokyo midday trade, down from 98.89 yen in New York Friday afternoon and sharply lower from around 99.50 yen in Tokyo on Friday.The euro bought $1.3277 and 131.09 yen Monday against $1.3279 and 131.35 yen in US trade.The dollar skidded Friday after the US Labor Department released monthly ...
Importer dollar demand pulls Sri Lanka rupee down COLOMBO: The Sri Lankan rupee ended weaker on Wednesday due to importer dollar demand as the central bank, eager to hold the greenback below 132.00 rupees, forced dealers to shift to forward trades.Some dealers said they moved to one-day forwards instead of spot trade after the central bank's earlier direction to banks not to accept bids above 131.60 rupees per dollar.The one-day forward ended weaker at 131.72/78 per dollar from Tuesday's close of 131.73/75.Central bank ...
Yuan closes at record high of 6.1192 per dollar SHANGHAI: China's yuan closed at a record high of 6.1192 against the dollar on Wednesday, its highest since the foreign currency market was created in 1994, stirring speculation as to whether the central bank is ready to allow further appreciation despite weak exports.The currency has gained percent 1.8 percent so far this year, bucking a weak trend in emerging market currencies, but has flattened out since setting repeated record highs in April and May.The central ...

 



 
Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln