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Indian rupee falls past 64/dollar; funding deficit a concern MUMBAI: The Indian rupee extended losses past 64 to a dollar on continued concerns about how the country will fund its current account deficit in case fund flows taper out of emerging markets.The rupee fell to 64.05 to a dollar, a record low, breaching a key psychological level of 64. It had last closed at 63.13/14. Copyright Reuters, 2013 ...

Dollar up on Fed tapering talk, emerging currencies hit TOKYO: The dollar rose on Tuesday, with emerging market currencies under fresh pressure as dealers bet the US Federal Reserve will soon begin winding down its vast stimulus programme.With eyes on the release Wednesday of minutes from the Fed's most recent policy meeting, expectations are that its year-long bond-buying, which has helped fuel a global equity and forex rally, could be coming to an end.In early Asian trade the greenback bought 97.82 yen, against 97.56 ...
Indian rupee falls to record low MUMBAI: The rupee hit a record low on Monday as India's defence of the currency failed to stop its decline but exacted a rising toll, with bond yields surging to five-year highs and investors demanding higher returns in an auction of cash bills.The partially convertible rupee tumbled as far as 63.30 to the dollar despite measures in recent weeks by the central bank and government to defend it. It ended at 63.13-14, down 2.3 percent, ...
Dollar steady but ripe for gains before Fed minutes LONDON: The dollar held steady on Monday as investors refrained from fresh bets on the currency before US Federal Reserve minutes that could strengthen expectations the central bank will taper its stimulus programme next month.The dollar index was flat at 81.298, well clear of a near two-month trough of 80.868 set on August 8.It failed to draw strength from rising US 10-year Treasury yields, which hit two-year highs of about 2.871 percent on Monday.While higher ...
Sri Lanka rupee weaker on importer dollar demand COLOMBO: The Sri Lankan rupee was trading weaker on Monday due to importer demand for US dollars, with currency dealers forced to trade in the short-term forward market in the absence of an active spot-dollar market, currency dealers said.The spot rupee was quoted at 131.75/95 per dollar at 0630 GMT, currency dealers said, weaker from Friday's close of 131.65/75."Spot is not trading but there are quotes. It was the spot next which is trading actively," ...
South Korea won edges up as investors await Fed minutes, Jackson Hole SEOUL: The South Korean won edged up early on Monday but trading was light as most investors waited for the minutes of the US Federal Reserve's last policymeeting for hints on when stimulus might be scaled back.The local currency was quoted at 1,111.8 against the dollar as of 0200 GMT, compared to Friday's domestic close at 1,113.6."I don't think offshore investors were selling dollars and (the won likely rose) on this morning's low market average ...
Dollar rangebound in Asian trade TOKYO: The dollar barely moved against the yen in Asia on Monday after investors turned to the Japanese unit following last week's losses on Wall Street.The greenback fetched 97.54 yen in Tokyo, compared with 97.53 yen in New York late Friday. It had briefly touched 97.80 yen after official data Monday showed Japan's trade deficit nearly doubled year on year to $10.5 billion in July.The euro fetched $1.3327 compared with $1.3326 while it was also ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






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