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Indian rupee gains ahead of Fed meet MUMBAI: The Indian rupee recovered on Tuesday from a one-month low hit in the previous session on bargain-hunting, but sentiment was broadly cautious a day before the outcome of the Federal Reserve's meeting.The U.S. Federal Reserve meets on Tuesday and Wednesday, and investors will parse the central bank's words closely for any clues on the timing of the first U.S. rate hike in more than eight years.Emerging market assets are increasingly pricing in the prospect of reduced global liquidity, as seen by the biggest single-day decline of the rupee in nearly one-and-a-half months on Monday.But traders say the rupee could avoid any major shocks, with the Reserve Bank of India having built hefty foreign exchange reserves and on inflows of longer-term money from overseas into domestic markets."The fund flows in the market have been good and hence there is not much panic expected this time around despite the uncertainty about ...

China's yuan edges down on weak midpoint and FDI data SHANGHAI: China's yuan softened against the dollar on Tuesday for the fourth straight day after the central bank set a weaker midpoint and in response to weak foreign direct investment (FDI) figures.The People's Bank of China set the midpoint at 6.1462 per dollar prior to market open, down 0.02 percent from the previous fix. The spot rate is currently allowed to trade 2 percent above or below the midpoint.Spot yuan opened at 6.1501 per dollar, ...
Dollar eases in Asia before Fed policy meeting TOKYO: The dollar gave up some of its recent gains in Asia on Tuesday as investor caution set in ahead of a US central bank policy meeting.In midday Tokyo trade, the greenback weakened to 107.10 yen, after briefly falling below the 107-yen level. The unit bought 107.18 yen in New York on Monday.The euro was nearly flat at $1.2944 against $1.2940 in US trade, while it fetched 138.66 yen from 138.69 yen.In other trading, the ...
Sri Lanka rupee ends firmer on exporter dollar sales, remittances COLOMBO: The Sri Lankan rupee ended firmer on Monday, recovering from the previous session's near-7-week low as remittances and dollar sales by exporters helped boost the local currency amid a lack of importer demand for the greenback, dealers said.The rupee ended at 130.27/29 per dollar, compared to Friday's close of 130.29/31, its lowest close since July 21."The (importer) demand which we have seen last few days is not there and we have seen some exporter ...
Ringgit leads Asia FX losses on China economic woes, Fed caution SINGAPORE: Emerging Asian currencies fell on Monday, led by the Malaysian ringgit, as disappointing China data sparked concerns of a sharp slowdown in the world's second-largest economy amid worry that US interest rates might rise earlier than expected.The ringgit shed as much as 1.0 percent to 3.2300 per dollar, its weakest since June 25, as some offshore hedge funds sold the Malaysian currency, traders said.Economists are evenly split over whether Malaysia's central bank will raise ...
Sri Lanka rupee firmer on exporter dollar sales, remittances; stocks slip COLOMBO: The Sri Lankan rupee traded firmer on Monday, recovering from the previous session's near-7-week low as remittances and dollar sales by exporters helped boost the local currency amid a lack of importer demand for the greenback, dealers said. The rupee was traded at 130.26/30 per dollar at 0615 GMT, compared to Friday's close of 130.29/31, its lowest close since July 21. "The (importer) demand which we have seen last few days is not there," ...
Dollar steady ahead of US Federal Reserve meeting SINGAPORE: The US dollar was steady in Asia Monday on speculation that the Federal Reserve will bring forward its timetable to raise interest rates, analysts said, while fears over Scotland's independence vote pressured the pound.The dollar stood at 107.26 yen in afternoon Singapore trade, down slightly from 107.31 yen in New York late Friday but still at levels not seen since September 2008.The euro was at $1.2958 from $1.2964, while slipping to 138.99 yen from ...

 



 
Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln