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China's yuan slips, heads for 2nd biggest monthly loss ever SHANGHAI: China's yuan eased against the dollar on Monday after the central bank fixed its official mid-point at a six-month low for the second straight trading day, putting it on course for its second-biggest monthly loss on record.There were signs that major state-owned banks continued buying dollars on Monday, a move traders say reflects the People's Bank of China's (PBOC) intention to guide the yuan towards further depreciation.Spot yuan stood at 6.2253 per dollar at midday, 0.21 percent weaker than Friday's close, after the PBOC fixed its mid-point at 6.1521, down 0.05 percent from the previous trading day.It also marked the official base rate's weakest level since Sept. 18.If the yuan closes at the midday level on Monday, it will have depreciated 1.3 percent against the dollar in March, the second biggest monthly loss since China established the domestic foreign exchange market in 1994.The yuan recorded its biggest monthly loss ...

Yen weakens in Asia on BoJ easing speculation TOKYO: The yen eased in Asia Monday as surprisingly weak Japanese factory output boosted speculation that the Bank of Japan would expand its stimulus programme to prop up the world's number-three economy.In midday Tokyo trade, the dollar crept up to 102.83 yen from 102.80 yen in New York on Friday.The euro bought $1.3750 and 141.41 yen compared with $1.3752 and 141.38 yen.Official data showed Japan's industrial output in February fell 2.3 percent month-on-month following a ...
Indian rupee hits eight-month high; central bank seen buying dollars MUMBAI: The Indian rupee faced stiff resistance after hitting its highest level in eight months on Friday as the central bank was spotted buying the greenback intermittently to absorb the large dollar inflows, four traders said. The partially convertible rupee was at 59.92/93 against the dollar at 1025 GMT, after hitting 59.87, its strongest level since July 30 and stronger than its close of 60.31/32 on Thursday. Traders said good foreign fund inflows were seen ...
India debt, FX markets to close on April 1: CCIL official MUMBAI: India's foreign exchange and debt markets, including money markets, are closed on April 1, confirmed an official at the Clearing Corporation of India Ltd (CCIL), the trading and settlement platform for these markets."There will be no settlement on 1st April and trading will also be closed," said the CCIL official who declined to be identified since he was not authorised to speak to the media.Debt and currency markets usually are closed on April 1, ...
Yen up in Asia after upbeat Japan inflation data TOKYO: The yen inched higher in Asia on Friday after Japan published upbeat inflation data that reduced the immediate likelihood of any further monetary easing by the Bank of Japan.In afternoon Tokyo trade the dollar bought 102.12 yen, compared with 102.17 yen on Thursday in New York where it was boosted by better-than-expected US economic data.The euro was worth $1.3749 and 140.46 yen against $1.3742 and 140.41 yen.Trading was cagey after the UN General Assembly ...
Yen rises in Asia after upbeat Japan inflation data TOKYO: The yen inched higher in Asia on Friday after Japan published upbeat inflation data which reduced the immediate likelihood of more easing measures from the Bank of Japan.In afternoon Tokyo trade the dollar bought 102.15 yen, compared with 102.17 yen on Thursday in New York where it was boosted by better-than-expected US economic data.The euro was worth $1.3743 and 140.35 yen against $1.3742 and 140.41 yen.Trading was cagey after the UN General Assembly on ...
Sri Lankan rupee steady despite importer dollar demand; stx up COLOMBO: The Sri Lankan rupee traded steady on Thursday despite importer dollar demand as dealers were reluctant to trade above the 130.70 level due to moral suasion by the central bank which forced the market to trade in forward, dealers said. Banks were asked to keep the currency at the 130.70-per-dollar level, a measure used by the central bank to keep rupee volatility low, dealers said. The spot rupee was traded at 130.70/75 per dollar ...

 



 
Index Closing Chg%
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Arrow S&P 1,875.39 0.22
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Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln