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Indian rupee gains to 3-month high; shares at record MUMBAI: The Indian rupee rose to a near three-month high against the dollar on Friday, posting its best week since early December, as heavy foreign buying sent shares to record highs although the currency ended the session with only a slight gain. India's broader NSE share index and the benchmark BSE index both hit record highs, after foreign investors on Thursday posted their biggest daily purchases since Dec. 19, amounting to a net 13 billion rupees ($212 million), and marking a 15th consecutive buying session. Overseas funds have also become strong buyers of debt, with net purchases of $5.6 billion so far this year. Analysts attribute the growing foreign confidence in India to the government's success at narrowing the current account deficit by curbing gold imports, as well as to the central bank's action to tame high inflation by raising interest rates. Still, global uncertainties remain, with tensions lingering in ...

Sri Lanka rupee firmer on remittances, bank dollar sales COLOMBO: The Sri Lankan rupee ended firmer on Thursday due to inward remittances and dollar sales by banks in the absence of central bank intervention, but dealers expect the local currency to edge down in the latter part of March on seasonal demand for imports. The spot rupee ended at 130.55/58 per dollar, firmer from Wednesday's close of 130.60/65. The currency has risen 0.37 percent in the last six sessions through Thursday, Thomson Reuters data ...
Indian rupee rises to near three-month peak; dollar inflows help MUMBAI: The Indian rupee rose on Thursday to its highest level against the dollar this year as strong buying from foreign investors sent shares to a record high and data showed the country's current account deficit continued to narrow sharply. India's benchmark BSE index hit a record high while the NSE index closed just off its all-time high, as foreign investors on Wednesday extended their buying streak to a 14th consecutive day for a net ...
Sri Lanka rupee steady in thin trade; stocks up COLOMBO: The Sri Lankan rupee was steady on Thursday in thin trade as inward remittances offset mild importer dollar demand, but dealers expect the local currency to edge down by the latter part of March due to seasonal demand for the greenback.The spot rupee was flat at 130.60/65 per dollar at 0729 GMT. The currency has risen 0.34 percent in the last five sessions through Wednesday, Thomson Reuters data showed."The rupee is stable. But there ...
Firm yuan, contained Ukraine crisis lift Asia FX; rupiah at 4-month high SINGAPORE: Emerging Asian currencies rose as the Chinese yuan extended gains and diplomatic efforts helped contain tensions in Ukraine, with the Indonesian rupiah near a four-month high, while investors speculated whether the European Central Bank would ease policy.The rupiah gained as much as 1.0 percent to 11,465 per dollar, its strongest since Nov. 11, on demand from hedge funds and foreign banks.The South Korea won advanced as offshore funds chased it and on exporters' demand ...
South Korea won firms, tracking regional currencies' strength SEOUL: The South Korean won reversed its initial losses to rise on Thursday, supported by regional currencies' strength against the dollar amid diplomatic efforts to resolve the Ukraine crisis.The local currency was quoted at 1,066.4 as of 0241 against the dollar, up 0.4 percent compared with Wednesday's closing level of 1,070.9.The won opened domestic trade at 1,071.5 and fell as low as 1,073.0 in the morning.Regional currencies including the yuan and the Australian dollar strengthened ...
Euro on defensive before ECB; Aussie jumps on data TOKYO: The euro stayed on the defensive on Thursday, having lost ground against its peers as investors prepared for possible policy easing by the European Central Bank later in the day.The Australian dollar spiked to a nine-day high after upbeat retail sales and trade data supported a steady interest rate outlook.The euro last stood at $1.3728, having slipped as far as $1.3707 overnight. It was also down against sterling ."The ECB is expected to ease ...


Index Closing Chg%
Arrow DJIA 17,745.98 0.03
Arrow Nasdaq 5,128.79 0.33
Arrow S&P 2,108.63 0.01
Arrow FTSE 6,668.87 0.57
Arrow DAX 11,257.15 0.40
Arrow CAC-40 5,046.42 0.58
Arrow Nikkei 20,522.83 1.08
Arrow H.Seng 24,497.98 0.49
Arrow Sensex 27,705.35 0.51

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln