Do More With Reuters
Partner Services

Vietnam dong drops 1.35 pct on interbank trade

Fri Jun 27, 2008 7:10am IST
 
Email | Print | | Single Page
[-] Text [+]

HANOI, June 27 (Reuters) - The Vietnamese dong VND= fell 1.35 percent in early interbank trading on Friday after the central bank cut the official exchange rate to a record low and doubled the trading band to +/- 2 percent.

The dong fell to 16,836/16,846 dong per dollar at 0126 GMT, from 16,611/16,616 dong in its last trade on Thursday.

Vietnam's central bank set the daily official dong exchange rate 0.39 percent lower on Friday at a record low of 16,516 dong per dollar [ID:nHAN148362]. (Reporting by Ho Binh Minh; Editing by Tomasz Janowski)

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

A man walks with the Indian national flag in front of the Taj Mahal hotel, one of the sites of last year's militant attacks, in Mumbai November 26, 2009.  REUTERS/Punit Paranjpe
One Year Later

Mumbai held tearful memorials as it marked the first anniversary of militant raids that killed 166 people.   Full Article | Full Coverage