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Forex

Sensex surges 302 points
Sun Pharnma emerged as the top Sensex gainer by surging 5.51 per cent ahead of Ranbaxy’s amalgamation with the company.
India’s record forex war chest set for Fed rate hike test
Raghuram Rajan, formerly chief economist at the International Monetary Fund, was credited with a key role in rescuing India from that crisis with measures that helped stem foreign selling.
Euro-area growth helped by consumers, trade
Economic sentiment in the euro area rose to a seven-month high in February, unemployment fell to its lowest since April 2012 in January — albeit still a hefty 11.2 per cent — and a contraction in bank lending to companies and households has almost halted.
India’s rupee hit one-month low
The rupee declined to 62.2975 a dollar, the weakest level since January 9.
Euro healing, but still distant No 2 to US dollar
But the euro fell further behind the US dollar last year
M&A and dividend frenzy fed by easy money
In the first quarter of this year dividend payments jumped by nearly a third and several titanic tie-ups were announced, with the United States in the forefront.
Scotland can only keep pound by staying in UK: George Osborne
Scotland can only retain the pound by staying in the UK, Chancellor of the Exchequer George Osborne said, rejecting a report in the Guardian that a currency union would be agreed.
Sensex rises to record as rupee rallies on foreign inflows
Most Indian stocks rose, sending the benchmark index to a record, after the rupee climbed to an eight-month high as foreign investors extended Asia’s largest equity-market inflows.
Rupee at high of 8 months
The currency rose 0.5 per cent to 60.48 per dollar in Mumbai, prices from local banks compiled by Bloomberg show.
Collapse of Turkish credit bubble and Gulf finances
2013 was the year the Turkish economic miracle finally ended with political violence in the streets of Istanbul, Izmir and Ankara, a currency meltdown and a brutal stock market crash.
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