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RBI-Raghuram-Rajan-021316.jpg The rupee has remained flat against global currencies in real terms and some weakening of the currency is required to ensure competitiveness until inflation reaches lower levels, Reserve Bank of India Governor Raghuram Rajan said Saturday. The rupee is actually flat, Rajan said, citing the real effective exchange rate.

India's consumer price inflation rose slightly in January, the Central Statistics Office reported Friday. The consumer price index rose 5.69 percent year-on-year in January, slightly faster than December's 5.61 percent increase. It was forecast to slow to 5.4 percent. Food and beverages prices...

India's industrial production declined more than expected in December due to a contraction in manufacturing, data from the Central Statistics Office revealed Friday. Industrial production decreased 1.3 percent on a yearly basis in December but slower than the 3.4 percent fall seen in November. Economists...

The total number of home loans in Australia was up a seasonally adjusted 2.6 percent on month in December, the Australian Bureau of Statistics said on Friday - coming in at 58,552. That missed forecasts for an increase of 3.0 percent following the 1.8 percent gain in November. Investment lending...

NewZealandcpi-071510.jpg Food prices in New Zealand climbed 2.0 percent on month in January, Statistics New Zealand said on Friday - marking the highest monthly rise since June 2013. The January reading follows the 0.8 percent decline in December, and it marks the first positive reading in six months. Fruit and vegetable...

India's central bank aims to have clean and fully provisioned bank balance sheets by March 2017, Reserve Bank of India Governor Raghuram Rajan said Thursday. The country's banks, especially those in the public sector, are reeling under the pressure of huge stock of bad loans. "Our estimate is...

The Philippine central bank left its key interest rate unchanged for an eleventh consecutive month on Thursday. The Monetary Board of the Bangko Sentral ng Pilipinas decided to hold the overnight borrowing or reverse repurchase facility at 4 percent. The decision was in line with economists' expectations....

Hong Kong's currency peg to the US dollar is sustainable in the event of significant capital outflows, thanks to ample liquidity and sufficient foreign reserves, Secretary for Financial Services and the Treasury KC Chan said Thursday. "The Hong Kong linked exchange rate system is a very credible...

New Zealand's overall home sales and house prices increased at the start of the year from a year ago, figures from the Real Estate Institute of New Zealand showed Thursday. Total dwellings sold in January grew 4.3 percent year-over-year to 5,048. At the same time, sales plunged 31.0 percent from the...

Malaysia's industrial production growth accelerated unexpectedly at the end of the year, figures from the Department of Statistics showed Thursday. Industrial production climbed 2.7 percent year-over-year in December, faster than the 1.8 percent increase in November. Economists had expected the growth...

New Zealand's manufacturing activity expanded at the fastest pace in fifteen months in January, latest data from the Business New Zealand showed Thursday. The Business NZ Performance of Manufacturing Index, or PMI, rose to 57.9 in January from 57.0 in December. Any reading above 50 indicates expansion...

Malaysia will on Thursday release December figures for industrial and manufacturing production, highlighting a modest day for Asia-Pacific economic activity. Industrial output is expected to rise 1.2 percent on month and 0.5 percent on year after falling 1.1 percent on month and climbing 1.8 percent...

Philippine exports decreased for the ninth straight month in December, defying economists' expectations for an increase, preliminary figures from the Philippine Statistical Authority showed Wednesday. Exports fell 3.0 percent year-over-year in December, which was worse than the 1.1 percent drop in...

The total number of new home sales spiked 6.0 percent on month in December, the Housing Industry Association said on Wednesday - rising for the first time in four months. New home sales had fallen 2.7 percent in November. Among the individual components, detached home sales jumped 2.2 percent,...

Producer prices in Japan were down 0.9 percent on month in January, the Bank of Japan said on Wednesday. That missed forecasts for a decline of 0.7 percent following the 0.4 percent contraction in December. On a yearly basis, producer prices skidded 3.1 percent - also shy of expectations for a...

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