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The US dollar rebounded against major currencies on Wednesday on expectations that the Federal Reserve would signal rate hikes were on track, while the rouble recovered as buyers stepped in to pick up the Russian currency at cheaper levels. Anticipation that the Fed would drop its use of the phrase "considerable time" to describe how long interest rates will stay near zero in its final policy statement of the year, due at 2 pm ET (1900 GMT), boosted the greenback.

The US dollar slipped against major currencies on Tuesday on expectations that the Federal Reserve would take a cautious tone on monetary policy, while a slide in oil prices pushed the Russian rouble to new lows and boosted the safe-haven yen. Traders booked profits from the greenback's recent gains on the view that the Fed would maintain a dovish stance on raising interest rates, partly in response to lower oil prices, at the end of a two-day meeting Wednesday.
The dollar nursed its losses in Asian trading on Wednesday, pulling away from lows hit overnight on skidding oil prices, Russia's financial crisis, and speculation that the Federal Reserve might take a more cautious tone on monetary policy. Data released earlier on Wednesday showed Japan's exports rose 4.9 percent in November, falling short of forecasts despite the weakening yen, which helped the dollar regain some of the ground it lost overnight against its Japanese counterpart. Japan marked its 29th straight month of trade deficits.
Sterling rose against the euro on Wednesday, helped by signs of rising personal incomes, although British interest rates are still expected to remain near record lows until the second half of 2015. That kept the pound subdued against the dollar, and more losses against the US currency are possible once the Federal Reserve ends its policy meeting later on Wednesday.
The dollar edged up on Wednesday, a day after falling amid a flight to safety as a Russian currency crisis took hold and as speculation grew that the Federal Reserve might take a more cautious tone on monetary policy. The rouble's collapse - 50 percent so far this year - slowed slightly as Russia's finance ministry said it had started selling foreign currency while Brent crude, which has also almost halved in value since June, held near a 5-1/2-year trough of less than $60 a barrel.
The rupee retreated from 13-month lows after the central bank stepped up intervention, while bonds also recovered despite concerns over whether foreign funds will stick with India, one of the star performers this year among emerging markets. Intervention from the Reserve Bank of India was larger than in recent sessions, traders said, with some estimating dollar sales of nearly $500 million. Meanwhile, buying of shares by state-run Life Insurance Corporation of India helped shares recover from earlier falls to trade flat, dealers added.
Interbank buy/sell rates for the taka against the dollar on Wednesday. 77.88-77.88 (previous 77.88-77.88). Call Money Rates: 06.00-08.50 percent (* Previous 06.00-08.50 percent). (* revised).
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Index Closing Chg%
Arrow DJIA 17,356.87 1.69
Arrow Nasdaq 4,644.31 2.12
Arrow S&P 2,012.89 2.04
Arrow FTSE 6,336.48 0.07
Arrow DAX 9,544.43 0.20
Arrow CAC-40 4,111.91 0.46
Arrow Nikkei 16,819.73 0.38
Arrow H.Seng 22,585.84 0.37
Arrow Sensex 26,710.13 0.27

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln