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Sri Lanka rupee weaker on stock-related outflows, seen falling further COLOMBO: The Sri Lankan rupee was weaker on Tuesday due to equity-related outflows and selling of government securities, but moral suasion by the central bank prevented sharp falls, dealers said.The spot currency was quoted at 130.58/68 per dollar at 0721 GMT, weaker from Monday's close of 130.50/55.However, dealers said the spot was not traded as the central bank asked banks not to trade above 130.43 per dollar and the forwards picked up as a result.Three-day forwards or spot next was also quoted at 130.65/70 per dollar, weaker from Monday's close of 130.52/58."The spot is not trading. The rupee is weaker on equity outflows. But the central bank's moral suasion prevented a sharp depreciation," a dealer said.Foreigners were net sellers of Lankan stocks on Monday, with outflows of 1.89 billion rupees ($14.5 million).Currency dealers expect the rupee to weaken on the back of sustained foreign selling in government securities and higher ...


Turkish lira shrugs off data showing widening trade deficit ISTANBUL: Turkey's lira held steady on Tuesday despite data showing the trade deficit - the main weakness of its economy - widened more than expected last month.The deficit increases Turkey's vulnerability to shifts in global liquidity. Tuesday's data showed it widened last month to $8.04 billion from $7.08 billion a year earlier, above a Reuters forecast of $6.75 billion."There were a few one-off numbers that made this (deficit) number a bit less reliable than normal ...

Most Asian currencies set for monthly loss, rupiah hits 8-month low SINGAPORE: The Indonesian rupiah hit its lowest level in nearly eight months on Tuesday and most Asian currencies were set for monthly losses, having taken a hit as investors position for an eventual rise in US interest rates.The rupiah fell to as low as 12,230 versus the dollar , its lowest level since early February.Asian currencies had a mixed day on Tuesday, with some getting a bit of a respite from recent selloff.Still, most were ...

Sterling buffeted by data, political worries weigh LONDON: Sterling hit a two-week low against the dollar on Tuesday but firmed to a more than two-year high against the euro, reflecting the latest leg of a broad-based rally for the U.S. currency that dates back almost three months.Dealers said Middle Eastern investors had been seen buying and then selling the pound after a mixed bag of data confirmed the British economy expanded strongly in the second quarter but also showed the UK current ...

Dollar heads for best quarter in 6 years, hits 4-year high LONDON: The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its best quarter in six years.The Norwegian crown was another big mover, up almost 1 percent to a three-week high of 8.1045 crowns per euro after its central bank unveiled plans to buy 250 million crowns per day in October.The ...

Dollar heads for best quarter in 6 years LONDON: The dollar was poised to finish the month with its biggest quarterly gain in six years, though it paused for breath on Tuesday and some analysts saw its recent rally running out of steam. The greenback has gained over 7 percent against a basket of major currencies over the past three months and posted a record-breaking 11 weeks of successive gains on expectations that the US Federal Reserve will raise interest rates well ahead ...

China's yuan rebounds, offshore investors wary of Hong Kong unrest HONG KONG/SHANGHAI: China's yuan rebounded slightly against the dollar on Tuesday, but trading kept to a tight range as offshore investors were wary over continuing protests in Hong Kong and ahead of a holiday.The Chinese currency fell in Hong Kong trading on Monday on nervousness over the pro-democracy protests. Although tens of thousands of protesters extended a blockade of Hong Kong streets on Tuesday, traders said it was having little direct impact so far.The offshore ...


 



 
Index Closing Chg%
Arrow DJIA 17,071.22 0.25
Arrow Nasdaq 4,505.85 0.14
Arrow S&P 1,977.80 0.25
Arrow FTSE 6,646.60 0.04
Arrow DAX 9,422.91 0.71
Arrow CAC-40 4,358.07 0.83
Arrow Nikkei 16,310.64 0.50
Arrow H.Seng 23,229.21 1.90
Arrow Sensex 26,597.11 0.11





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln