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Indian rupee surges on hope of political stability MUMBAI: India's currency hit its strongest level in 2014 on Tuesday as hopes grew that a stable and business-friendly government would soon be elected, prompting foreign money to flow into markets.The currency has gained more than two percent since the start of the year to reach 60.51 rupees against the dollar, a position last seen in mid-August last year.The rupee later that month sank to a record low of 68.85 amid a fiscal deficit crisis and waning investor confidence as the government struggled to boost growth in the face of global economic turmoil.But a flurry of steps from the government to curtail its expenses, initiate reforms and encourage investments, while clamping down on unproductive imports like gold, have helped restore confidence in India, analysts say.India's hardline opposition Bharatiya Janata Party (BJP), led by Narendra Modi, which is considered the most business-friendly party, is expected to trounce the scandal-tainted Congress government ...

Sri Lankan rupee edges down on importer dollar demand; stocks up COLOMBO: The Sri Lankan rupee traded slightly weaker on Tuesday due to light importer dollar demand in the absence of state bank intervention to defend the currency, dealers said. The spot rupee was at 130.65/75 per dollar at 0618 GMT, edging down from Monday's close of 130.65/70.Some deals were done at 130.68 per dollar, breaking the psychological barrier of 130.65, which the state banks were defending on behalf of the central bank, dealers said. "There ...
Euro maintains Wall St gains, analysts warn on Russia TOKYO: The euro was flat in Asian trade Tuesday after enjoying a rally in New York but analysts warned of downside risks if Western leaders tighten economic sanctions on Russia over the Crimea crisis.The eurozone has strong business links with Moscow and any disruption of crucial oil supplies from Russia could weigh on the single currency, analysts said.In Tokyo afternoon trade, the euro bought $1.3834 and 141.47, from $1.3835 and 141.48 yen on Monday in ...
South Korea won crawls up on weak dollar, but steady ahead of data SEOUL: The South Korean won crept up for a second day early on Tuesday as the greenback weakened on a survey that showed US, manufacturing activity slowed in March, although trade was slow ahead of month-end economic data.The local currency was quoted at 1,077.3 against the dollar as of 0200 GMT, up 0.1 percent from Monday's domestic close at 1,077.8."Investors are going to take a cautious stance today, seeking out momentum-yielding factors while staying in ...
Indian rupee hits more than 7-month high; shares in focus MUMBAI: The Indian rupee strengthened to its highest level in more than seven months on Tuesday, tracking broad global losses in the dollar and as foreign investors continued to buy into a record-setting rally in domestic shares this month.The US dollar nursed broad losses early on Tuesday, having come under pressure late in New York as investors bought the euro and drove the Australian dollar to its highest this year. The partially convertible rupee trading ...
China's yuan consolidates gains as investors unwind long dollar positions HONG KONG: China's yuan consolidated against the dollar on Tuesday, following another stronger mid-point set by the central bank, as investors bet the Chinese currency would continue to rebound after its sharp fall in recent weeks.The yuan traded at 6.1825 per dollar at midday, up 0.1 percent from Monday's close at 6.1888. It traded at a wide range between 6.1732 and 6.1892 in morning trade.The People's Bank of China (PBOC) fixed the mid-point at 6.1426, ...
Dollar off recent highs, hampered by doubts about US growth momentum SYDNEY/SINGAPORE: The dollar held steady against a basket of major currencies on Tuesday, keeping a low profile after slipping on the previous day in the wake of a disappointing reading on US manufacturing activity. The dollar index last fetched 79.952, having backed away from Monday's session high of 80.290 and a three-week peak of 80.354 set last Thursday. The greenback had edged lower on Monday, after financial data firm Markit said its preliminary US Manufacturing ...


Index Closing Chg%
Arrow DJIA 16,424.85 1.00
Arrow Nasdaq 4,086.23 1.29
Arrow S&P 1,862.31 1.05
Arrow FTSE 6,584.17 0.65
Arrow DAX 9,317.82 1.57
Arrow CAC-40 4,405.66 1.39
Arrow Nikkei 14,417.68 3.01
Arrow H.Seng 22,696.01 0.11
Arrow Sensex 22,277.23 0.92

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln