India's currency falls as Fed may scale back further

Note: This section contains information in English only.
Source: Bloomberg
Indian currency declined on Wednesday snapping its two-day fall amid speculation that the U.S. Federal Reserve may scale back its stimulus as soon as on the next policy meeting as the economy improves reducing inflows to emerging markets. The Rupee dropped 0.1% to 61.5525 per U.S. Dollar by 10:34 a.m. Mumbai time from January 13, since the market was closed yesterday due to local holiday.

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Wed, 15 Jan 2014 10:47:10 GMT

Swiss retail sales substantially exceeded predictions

Retail sales in Switzerland jumped considerably in November of the previous year, the data of the Statistical Office showed today. The indicator climbed 4.2% on the annual basis, while economists expected it to add 1.7%. Excluding fuel, sales surged 3.9% year-on-year, but from October they rose 1.8%. Sales of food, tobacco and drinks added 3%, while non-food sales advanced 4%.

Wed, 15 Jan 2014 10:25:08 GMT

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The British Sterling weakened against the U.S. Dollar after recording the largest advanced in over two weeks yesterday before the Bank of England Governor Mark Carney speaks about financial stability to U.K. lawmakers. The Pound slipped 0.2% to $1.6401 as of 7:43 a.m. in London following an increase by 0.4% yesterday, the largest gain since December 27.

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