Kuwaiti dinar stable against US dollar

The rate of the Kuwaiti dinar remained stable against the US dollar at KD 0.276, the euro rate increased to KD 0.399 on Wednesday. The rate against the pound sterling decreased to KD 0.448, while remaining unchanged at KD 0.003 against the Japanese yen, and increased to KD 0.399 against the Swiss franc, the Central Bank of Kuwait said in its daily online bulletin. The decrease of the Japanese yen against the US dollar and other main currencies was due to the statement issued concerning industrial production in Europe and US retail sales, which is expected to witness improvement, forcing the Japanese yen to decline more during today's trading.