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Indian rupee hits 13 month low on global econ fears; trade data MUMBAI: The rupee weakened to its lowest level in 13 months on Tuesday as markets in the region tumbled after a sharp rate hike in Russia further raised concerns about the global economy at a time when India's trade deficit is already widening. Sliding oil prices and a downbeat China factory survey weighed on Asian shares on Tuesday, while the rouble jumped after Russia sharply increased its benchmark interest rate in a bid to halt a collapse in its currency. The developments come after data on Monday showed India's trade deficit widened to an 18-month high in November. By 9:15 a.m. (0345 GMT), the partially convertible rupee was at 63.45/46 per dollar versus its Monday's close of 62.94/95. The unit earlier dropped as low as 63.46, its weakest level since Nov. 13, 2013. Copyright Reuters, 2014 ...

China's yuan falls on central bank guidance, weak flash PMI HONG KONG: China's yuan fell against the dollar on Tuesday as the central bank set a weaker midpoint, andon further indications that China will roll out more stimulus measures to shore up the sluggish economy.The People's Bank of China (PBOC) fixed the official midpoint at 6.1182 per dollar, down 0.05 percent from the previous day's 6.1152.Spot yuan changed hands at 6.1943 near midday, down 0.05 percent from Monday's close at 6.1912."There have been many explanations ...
Yen firm as oil slump curbs risk appetite, rouble rebounds sharply TOKYO: The yen hit a two-week high versus the dollar on Tuesday as investors shunned riskier assets, while the rouble - a major victim of plunging oil prices - rebounded after the Russian central bank hiked rates to halt its currency's collapse. The slide in oil prices has triggered a bout of volatility in global markets in recent weeks, leaving nervous investors fretting over the deteriorating health of the global economy. Adding to the anxiety ...
South Korean won extends gain, up more than 1pc SEOUL: The South Korean won gained more than 1 percent to touch a 5-week high on Tuesday afternoon, as the dollar was beaten back by a safe-haven rally in the yen and wariness ahead of the Federal Reserve policy meeting starting later in the day. The won was quoted at 1,087.7 to the dollar as of 0208 GMT, compared to Monday's closing rate of 1,099.1.Copyright Reuters, 2014 ...
Rouble rebounds sharply after Russian central bank lifts rates TOKYO: The Russian rouble rebounded from record lows on Tuesday after the Russian central bank hiked interest rates to halt a collapse in its currency, while the backdrop of falling oil prices and concerns over global growth supported the safe-haven yen. The rouble traded at 60.00 to the dollar after falling to as low as 67.1375 on EBS on Monday. The Russian currency had tumbled over 50 percent against the dollar over the past half ...
Indian rupee sees biggest one-day fall in over 4 months, may fall more MUMBAI: The Indian rupee posted its biggest single-day fall in more than four months, tracking steep losses in emerging market currencies while domestic data showing an unexpected contraction in industrial output sparked concerns about economic growth.The falls pushed the rupee to a new 10-1/2 month low against the dollar on Monday, in a session when the Indonesian rupiah hit a 16-year low amidst a slump in crude prices and worries about U.S. rate hikes expected ...
Sri Lankan rupee forwards end steady COLOMBO: Sri Lankan rupee forwards closed steady on Monday as banks hesitated to sell them beyond 132.00 per dollar due to moral suasion by the central bank amid mild importer dollar demand, dealers said.The four-day forwards or spot-next-next, which were actively traded, closed at 131.99/132.05 per dollar, compared with Friday's close of 131.98/132.03."Credit growth is now picking up and imports are also growing in a lower interest rate and steady exchange rate regime," a currency ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln