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Sri Lankan rupee forwards fall on importer dollar demand COLOMBO: Sri Lankan rupee forwards fell slightly on Friday due to importer dollar demand, but moral suasion by the central bank prevented them from falling below 131.00, dealers said.The spot currency was not quoted due to moral suasion, dealers said. It closed at 130.85/90 per dollar on Thursday.Three-day forwards, or spot next, were actively traded in the absence of spot trade. Spot next was traded at 131.00/05 per dollar compared with Thursday's close of 130.90/131.00."There is importer dollar demand and the spot is not trading due to moral suasion. Even spot next is not allowed to trade below 131.00," a currency dealer said.Dealers said the market expects the local currency to face more pressure due to rising imports and lower rates. The central bank's stable exchange rate policy would encourage more imports in the medium term, they said.The central bank has been preventing any rupee spot trade below 130.85 this ...


Yen plunges to near seven-year low in Tokyo after BoJ easing TOKYO: The yen plunged to a near seven-year low in Asia on Friday after the Bank of Japan said it would expand its already vast asset-purchasing programme in a bid to kickstart the economy.The dollar rallied to 110.68 yen -- its highest since January 2008 -- in Tokyo after the surprise announcement, up from 109.36 yen in the morning and 109.22 yen in New York Thursday."We are getting a bunch of orders" including those from ...

Dollar underpinned by GDP, BOJ next in focus SYDNEY: The dollar held at four-week highs against a basket of major currencies early on Friday, getting another boost from encouraging growth data a day after the Federal Reserve gave an upbeat assessment on the economy.The dollar index climbed as far as 86.491 - a high last seen on Oct. 6 - after US gross domestic product grew at an annual pace of 3.5 percent in the third quarter, beating forecasts for 3.0 percent. The ...

Yen plunges to six-year low in Tokyo after BoJ easing TOKYO: The yen plunged to a six-year low in Asia on Friday after the Bank of Japan said it would expand its already vast asset-purchasing programme in a bid to kickstart the economy.The dollar rallied to 110.39 yen -- its highest since August 2008 -- in Tokyo after the surprise announcement, up from 109.36 yen in the morning and 109.22 yen in New York Thursday.The euro rose to 138.44 yen from 137.79 yen in earlier ...

China's yuan rises on corporate dollar sales, set to rise 0.5 pct in Oct SHANGHAI: China's yuan edged higher against the dollar on Friday, buoyed by strong corporate dollar sales, traders said, and it is set to show a gain of 0.5 percent in October, the fifth straight month of mild appreciation."Many companies are selling dollars this morning, continuing a recent trend," said a trader at an Asian bank in Shanghai, adding that the corporate dollar sales might indicate the market is betting on strong exports again in October.Spot ...

C$ ekes out small gain after US GDP data TORONTO: The Canadian dollar was marginally stronger against the greenback on Thursday, recouping earlier losses, after data showed the US economy grew at a more robust pace than expected in the third quarter.US gross domestic product expanded at a 3.5 percent annual rate, the fourth quarter out of five that it grew at, or above, that level, and outpacing the 3 percent growth that economists had forecast.But details in the report hinted at some loss ...

Dollar surges as Fed ends QE on hawkish note NEW YORK: Global equity markets were mixed on Thursday while the dollar surged to a three-week high and government bond yields rose, one day after the US Federal Reserve announced the end of its six-year bond-buying stimulus program.The Fed, as expected, said it would no longer add to its holdings of Treasury bonds and mortgage-backed securities, effectively ending a program that at its peak pumped $85 billion a month into the financial system to hold ...


 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln