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Indian rupee hits one-month low on corporate dollar demand MUMBAI: The Indian rupee weakened to its lowest level in a little over a month on Tuesday morning as private oil firms bought dollars while a broadly stronger dollar also hurt sentiment for the local unit. The partially convertible rupee was at 61.84/85 per dollar compared with its close of 61.73/74 on Monday. It touched 61.8550, its weakest level since Oct. 16. The dollar index, which measures the greenback against a basket of major currencies, rose to 87.999, pushing closer to a four-year high of 88.267 set on Friday. Traders said there is a strong support for the rupee around 61.90 levels, which would keep the unit in a 61.75 to 61.95 range for the day. Some dealers expect the central bank to step in to support the rupee around 61.90 levels. Copyright Reuters, 2014 ...

Dollar underpinned by ECB talk, Japan election speculation TOKYO: The dollar held its own on Tuesday after European Central Bank officials raised the prospects of further stimulus steps and as investors waited to see if Japan's leader would call a snap election after the country unexpectedly slipped into recession. ECB President Mario Draghi said on Monday that the central bank is ready to take more steps to support the euro zone's recovery. Earlier in the day, ECB Executive Board member Yves Mersch detailed ...
Indonesia rupiah races to 2-week high after fuel price hike SINGAPORE: Indonesia's rupiah jumped to a two-week high on Tuesday, a day after the government raised subsidised fuel prices by more than 30 percent in a bid to free up funds and re-energise Southeast Asia's biggest economy. The rupiah rose as much as 0.8 percent to 12,100 per dollar, its strongest since Nov 5. The currency pared some of the gains by 0111 GMT, fetching 12,145. On Monday, President Joko Widodo announced the long-awaited measure, ...
China's yuan steady, may face profit-taking after extended gains HONG KONG: China's yuan steadied on Tuesday as traders braced for a round of profit taking on the Chinese currency, which has gained more than 2 percent since May against a resurgent dollar.On Tuesday, spot yuan stood at 6.1237 per dollar in late morning trades, little changed from Monday's close of 6.1241. The People's Bank of China fixed the daily midpoint slightly weaker at 6.1430 per dollar, compared with Monday's fix at 6.1409.A trading link ...
Dollar steady against yen in Asia TOKYO: The dollar held steady against the yen in Asia Tuesday after the previous day's sell-off in response to news that Japan had slipped into recession, while speculation over European Central Bank (ECB) stimulus pressured the euro.In Tokyo morning trade, the greenback fetched 116.54 yen, slightly off 116.63 in New York but well up from 115.65 yen in Tokyo earlier Monday. The euro ticked up to 145.35 yen from 145.19 yen, while it bought $1.2469 ...
Indian rupee falls as gloomy Japan data raises global growth concerns MUMBAI: The Indian rupee fell for a third consecutive session on Monday, trading near its lowest in a month, after data showing Japan slipping into recession sparked worries about global growth even though recent foreign inflows to India have been strong.Concerns about global growth were reinforced after data on Monday showed India's exports in October fell 5 percent from a year earlier, even as the trade deficit narrowed from September.The dollar's recent strength has pushed ...
Sri Lanka rupee forwards weaker on importer dollar demand COLOMBO: The Sri Lankan rupee ended slightly weaker on Monday due to importer dollar demand, but moral suasion from the central bank prevented a further decline, dealers said.The central bank governor said on Friday that the rupee was in an appreciating trend and the monetary authority would manage any volatility through intervention.However, dealers said the local currency was under pressure as imports continue to rise in a stable exchange rate regime and a low interest ...


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

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln