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Japan retains key interest rates |
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Japan's central bank, Bank of Japan on Friday kept its key interest rate unchanged at 0.1 percent.
The unanimous decision, which was widely expected, came at the end of the Bank of Japan's two-day policy board meeting.
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In a statement issued here the BoK said, "Japan's economy is picking up mainly due to various policy measures taken at home and abroad”.
The central bank also upgraded its assessment of the world's second largest economy, citing an increase in exports.
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| FOREX Reports |
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Russia eases trading band on strong ruble |
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Russia’s central bank was forced to ease its trading band for the 12th time in three weeks after the ruble strengthened against the dollar to the highest level in almost two months on climbing oil prices. |
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NZ dollar ends lower vs greenback |
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The Kiwi dollar fell Thursday in the wake of the Reserve Bank of New Zealand's Monetary Policy Statement (MPS) even though the official cash rate was held unchanged at a record low of 2.5 per cent. |
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PBOC says China bank lending slumps |
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China’s central bank, the People’s Bank of China said country’s banks extended 700.1 billion yuan in new local-currency loans in February, halving from the 1.39 trillion yuan lent in January.
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Turmeric futures traded firm for the second straight session Thursday on the back of speculative buying despite fundamentals.
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Mentha oil futures pared its previous gains slightly at the MCX counter on profit taking at higher level on Thursday. Mentha oil futures had closed higher on technical buying support in the last session. |
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Pepper futures plunged in the morning trade at the NCDEX counter Thursday as the near term fundamentals are weak on increasing arrivals in the domestic market, higher domestic production and weak export demand. |
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