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Asian currencies retreat as talk of Fed rate hike returns SINGAPORE: The dollar was dominant in Asia Tuesday as Fed officials talked up expectations for an increase in interest rates within the year after deciding against a raise last week.Regional currencies were on the retreat amid concerns that an interest rate hike would spark an outflow of capital from emerging markets to seek higher returns.A decision last week by the Federal Open Market Committee (FOMC) of the US central bank to hold off a much anticipated rate increase this month was widely welcomed in the region and weakened the greenback.But comments since the weekend by Fed officials that an increase is likely to push through within the last few months of the year injected fresh vigour into the dollar."Fed rate hike bets are creeping back after Atlanta Fed president (Dennis) Lockhart, a known hawk and FOMC voter, reiterated his views of a rate hike this year," said Bernard Aw, market ...

Dollar slips in Asia after Fed stands pat on rates TOKYO: The dollar fell against the yen on Friday in Asia after the US Federal Reserve held fire on raising rates, citing concerns about slowing growth in China and a fragile world economy.Emerging market currencies -- which have fallen nearly 20 percent in the past year -- edged up in choppy trade, but they are still on course for a rare weekly gain against the dollar.The dollar fell to 119.76 yen in Friday morning trade ...
Dollar weakens in tentative trade ahead of Fed decision TOKYO: The dollar was broadly weaker in cautious Tokyo trade Wednesday, ahead of a US interest rate decision this week that could see the first hike in almost a decade.The greenback fell to 120.18 yen from 120.40 yen Tuesday in New York, and the euro rose to $1.1295 from $1.1272, while battered emerging market currencies also gained.The single currency also gained to 135.74 yen from 135.71 yen.Economists are split over whether the US central bank, ...
Sri Lankan rupee at record low on importer dollar demand COLOMBO: The Sri Lankan rupee weakened 0.3 percent on Tuesday, hitting a record low for a third session in a row due to importer dollar demand, although some exporter conversions of dollars capped the fall, dealers said. The spot rupee ended at 140.25/35 per dollar, compared with Monday's close of 139.85/95. It fell 0.5 percent to hit an all-time low of 140.00 per dollar in early trade on Monday before regaining some of the losses ...
Sri Lankan rupee hits record low on importer dollar demand COLOMBO: The Sri Lankan rupee touched an all-time low of 140.00 per dollar on Monday due to importer dollar demand, although it later regained some of the losses after a state bank sold dollars to arrest the fall, dealers said. The spot rupee fell 0.5 percent to 140.00 per dollar earlier in the day, from Friday's close of 139.30/50. The previous record low of 139.30 was hit on Friday. However, the state bank sold some ...
Dollar broadly weaker in Asian trade TOKYO: The dollar broadly weakened against its Asian peers on Monday, fuelled by persistent worries over China's economy ahead of a crucial US interest rate decision later this week.Nervous traders moved into safer assets, pushing up the Japanese currency to 120.30 yen against the dollar, compared with 120.57 yen Friday in New York.The yen is considered a safe bet in times of turmoil.The euro was at 136.55 yen compared with 136.64 yen, and rose to ...
Sri Lankan rupee hits record low on importer dollar demand COLOMBO: The Sri Lankan rupee fell 0.25 percent on Friday, hitting a record low as late importer dollar demand outpaced greenback conversions from exporters, dealers said. The rupee is expected to fall further in the short term if the central bank fails to tighten interest rates or the country does not see strong inflows soon, some dealers said. The spot rupee ended at 139.30/50 per dollar surpassing its pervious all-time low of 139.00 hit on ...


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln