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Dollar pulls off lows but under pressure ahead of Fed TOKYO: The dollar nursed its losses in Asian trading on Wednesday, pulling away from lows hit overnight on skidding oil prices, Russia's financial crisis, and speculation that the Federal Reserve might take a more cautious tone on monetary policy.Data released earlier on Wednesday showed Japan's exports rose 4.9 percent in November, falling short of forecasts despite the weakening yen, which helped the dollar regain some of the ground it lost overnight against its Japanese counterpart. Japan marked its 29th straight month of trade deficits."The medium term forecast is still for a higher dollar, but the whole world is chaotic right now, with a slowdown in China, falling oil, and now Russia," said Kaneo Ogino, director at Global-info Co in Tokyo, a foreign exchange research firm."Nobody wants to be too short dollars ahead of the FOMC today, just in case," he added.The U.S. Federal Reserve's Federal Open Market Committee (FOMC) concludes ...

Indian rupee, bonds continue to fall; foreign fund flows key MUMBAI: The rupee hit a new 13-month low on Wednesday, while bonds and shares fell to their weakest this month on concerns a brewing financial crisis in Russia would spark foreign selling even in India, one of the star performers among emerging markets this year.Overseas investors sold Indian shares worth $196.56 million on Tuesday, their biggest daily net sales since Oct. 17, and a sixth consecutive day of selling, according to exchange data.Foreign investors also ...
Asian currencies dampened by risk aversion on Russia turmoil  SINGAPORE: Emerging Asian currencies put in a mixed performance against the dollar on Wednesday as sentiment remained cautious in the wake of sliding oil prices and financial market turmoil in Russia.Worsening global risk sentiment has weighed on emerging Asian currencies this week, with Indonesia's rupiah sliding to a 16-year low of 12,930 versus the dollar on Tuesday and India's rupee hitting a new 13-month low on Wednesday."I think it's just a calm before the storm," ...
Indian markets off lows, foreign investors in focus MUMBAI: The rupee retreated from 13-month lows after the central bank stepped up intervention, while bonds also recovered despite concerns over whether foreign funds will stick with India, one of the star performers this year among emerging markets.Intervention from the Reserve Bank of India was larger than in recent sessions, traders said, with some estimating dollar sales of nearly $500 million. Meanwhile, buying of shares by state-run Life Insurance Corporation of India helped shares recover ...
Ruble claws back some losses TOKYO: The embattled ruble clawed back some losses in Asian trade on Wednesday after crashing to unprecedented lows, but market players were not convinced of the authorities' ability to reverse the downward trend.The Russian currency dived to 80 against the dollar and 100 to the euro Tuesday, testing President Vladimir Putin's ability to ride out both the country's economic storm and his clash with the West.To make matters worse, the White House announced that US ...
India less vulnerable to rupee falls: policymaker MUMBAI: India is less vulnerable than other emerging markets despite recent falls in the rupee because of improved fundamentals, including lower inflation, said a senior policymaker aware of the central bank's thinking on exchange rates.The Reserve Bank of India will also not target a level for the rupee and will allow the exchange rate to be market determined, the official added, reiterating the central bank's policy."We are less worried as overall market conditions are better, ...
Indonesia's vice president: Rupiah at 12,500/dollar good for economic stability JAKARTA: Indonesia's vice president on Wednesday said having the rupiah trade at 12,500 per dollar was good for economic stability."For stability, I feel that (rupiah) at 12,500 would be good," Vice President Jusuf Kalla told reporters.Kalla said the rupiah's recent depreciation could help exports.The rupiah struck a 16-year low of 12,930 on Tuesday, then climbed back a bit. It was trading at 12,725 at 0540 GMT Wednesday.Copyright Reuters, 2014 ...

 



 
Index Closing Chg%
Arrow DJIA 17,959.44 0.87
Arrow Nasdaq 4,781.43 0.34
Arrow S&P 2,078.54 0.38
Arrow FTSE 6,576.74 0.48
Arrow DAX 9,865.76 0.81
Arrow CAC-40 4,254.43 0.30
Arrow Nikkei 17,635.14 0.08
Arrow H.Seng 23,408.57 1.26
Arrow Sensex 27,701.79 1.21






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyDecember 22, 2014
Reserves $14.042 bln