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Risk appetite lifts Asia FX; RBA rate cut limits regional upside SINGAPORE: Emerging Asian currencies rose on Tuesday as risk appetite improved, but gains were capped after Australian's central bank cut interest rates, cementing views of further policy easing around the region.The Indonesian rupiah outperformed as investors sought higher yields with global risk sentiment up on hopes for agreement on Greece's debt situation.Taiwan's dollar advanced on stock inflows. The South Korean won rose on the yen's strength and demand from exporters for settlements.Still, emerging Asian currencies gave up some gains, with Singapore dollar turning weaker, after the Reserve Bank of Australia (RBA) cut its cash rate a quarter point to an all-time low of 2.25 percent.The move highlighted expectations that central banks in Asia and other parts of the world are likely to ease monetary policies in a bid to support ailing growth and ward off deflation, analysts said."The RBA joined the line of central banks' surprise easing moves this year. ...

Sri Lanka rupee forwards end steady COLOMBO: Sri Lankan rupee forwards closed steady on Monday due to state bank dollar sales after moral suasion by the central bank capped a fall in the local currency in early trade, dealers said.Currency dealers said the rupee may depreciate because of an expected increase in consumption after a raft of tax reductions on key commodities in last week's supplementary budget.Fears of a depreciation in the rupee kept exporters away from the market, resulting in ...
China money rates rise on seasonal cash pressure, stock exchange SHANGHAI: China's money markets rose on Friday, with the major benchmark money rate gaining over 24 basis points on cash demand for month-end tax payments and the looming lunar new year holiday that will close markets for a week.The seven-day bond repurchase agreement closed out the week averaging over 4.16 percent up from 3.92 percent the previous Friday, the first time it has done so since December. Other commonly traded tenors also rose.Liquidity conditions remain ...
Yuan eases, stays near daily limit as analysts call for wider band SHANGHAI: China's yuan weakened slightly on Friday, trading within a hair's breadth of lower limit of the official daily trading band, as central bank has limited the yuan's decline against a dollar that has gained sharply against other major currencies.The People's Bank of China set the midpoint rate at 6.137 per dollar prior to market open, weaker than the previous fix 6.1335, putting it on course to end the week down over 0.3 percent.The spot ...
Commodity currencies feel heat; dollar, yen, euro stable SYDNEY/TOKYO: Commodity currencies nursed hefty losses on Friday, as investors sent the Australian dollar to 5 1/2 year lows as they bet on the Australian central bank reducing interest rates when it meets next week.While currencies from energy and resource producing countries, such as Canada and Australia, struggled under the weight of falling energy prices, the dollar, yen and euro were locked in familiar ranges.The Aussie dollar barely made any recovery on Friday, after dropping ...
Dollar edges down after US jobs rally TOKYO: The dollar edged down against other major currencies on Friday as investors adjusted their positions ahead of key US economic growth data later in the day.In Tokyo, the greenback slipped to 117.96 yen, down from 118.34 yen in New York, but still up from 117.70 yen in Asia earlier Thursday.The euro strengthened to $1.1330 from $1.1317, while it weakened to 133.67 yen from 133.93 yen.After upbeat jobs data on Thursday -- US unemployment insurance ...
Sri Lanka rupee forwards weaker despite intervention; seen lower on imports COLOMBO: Sri Lankan rupee forwards ended weaker on Thursday due to importer dollar demand despite moral suasion by the central bank, while exporters awaited direction from a supplementary budget, dealers said.Currency dealers said the rupee may depreciate because of an expected increase in consumption after a raft of tax reductions on key commodities in the budget.Fears of depreciation kept exporters away from the market, resulting in the currency's fall and leading the central bank to ...

 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln