XE Forex Rates at 2013-04-25 09:00 UTC

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XE hourly rates at 2013-04-25 09:00 UTC

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UPDATE 1-Indian govt may shift cash hoard to commercial banks, help lending

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The Indian government’s hefty cash holdings, now parked at the central bank, may soon be deposited at commercial banks, a move that would add liquidity to the banking system and make monetary policy more effective by making it easier for banks to…

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Sterling hits 2-month high, gilts fall after UK Q1 GDP

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Sterling rose on Thursday, hitting its highest in two months against the dollar, while gilts fell after data showed the UK economy grew by more than expected in the first quarter, comfortably avoiding recession.

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UPDATE 1-Japan’s Dai-ichi Life: will keep unhedged foreign bond holdings steady

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Japan’s Dai-ichi Life Insurance Co said on Thursday that it plans to keep its holdings of unhedged foreign bonds steady in the financial year that started on April 1 after increasing them last year, but that it will be flexible about changing its…

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British prompt gas prices rise on expectation of colder weather

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British prompt gas prices rose

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UPDATE 1-Polish c.bank governor used casting vote to allow March rate cut

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Poland’s central bank governor Marek Belka broke a 5-5 tied vote on the Monetary Policy Council in March to allow a 50 basis point cut, which economists said pointed to a hard split that could make more drastic easing difficult.

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Zambia inflation falls to 6.5 pct in April

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Zambian inflation fell to 6.5 percent in April from 6.6 percent the previous month, the statistics agency said on Thursday.

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India govt may shift cash hoard to banks, boost lending – sources

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The Indian government’s hefty cash holdings, now parked at the central bank, may soon be deposited at commercial banks, a move that would add liquidity to the banking system and make monetary policy more effective by making it easier for banks to…

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TABLE-UK prelim Q1 GDP +0.3 pct qq, higher than forecast

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The Office for National Statistics issued the following seasonally adjusted data on

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UK economy defies recession fears, grows 0.3 pct in Q1

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Britain’s economy dodged a return to recession and grew faster than expected in the first three months of this year, a relief for finance minister George Osborne.

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