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Sri Lanka rupee slips; seen lower on rising imports COLOMBO: The Sri Lankan rupee traded weaker on Wednesday on importer dollar demand while moral suasion by the central bank prevented a further fall in the local currency, dealers 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 spot currency was quoted at 130.90/131.05 per dollar at 0817 GMT compared to Tuesday's close of 130.90/131.00. It was largely untraded last week on moral suasion by the central bank.Dealers said three-day forward or spot next was actively traded in the absence of spot trade. Spot next was traded at 131.00/131.10 per dollar with compared to Tuesday's close of 131.00/131.05."The importer demand is there and the spot is not trading due to the moral suasion," a currency dealer said.Central bank officials were not available for ...


Dollar steady in Asia as Fed meet wraps up TOKYO: The dollar was steady in Asia on Wednesday as traders eye the outcome of a Federal Reserve policy meeting later in the day.The greenback fetched 108.12 yen in afternoon Tokyo trade against 108.16 yen in New York.The euro was nearly flat at $1.2737 from $1.2733 and 137.73 yen against 137.74 yen.Currency markets were stuck in neutral ahead of an announcement by the US Federal Open Market Committee (FOMC) later Wednesday following a two-day meeting.The ...

China's yuan touches 7-1/2 month high on stronger midpoint SHANGHAI: China's yuan climbed to a 7-1/2 month high against the dollar on Wednesday, appreciating for the third straight session after the central bank again set a stronger midpoint.The Chinese currency hit 6.1092 per dollar in early trade, its highest level since March.It trimmed some gains by midday to change hands at 6.1117, up 0.03 percent from Tuesday's close.Before the market opened, the People's Bank of China (PBOC) fixed the midpoint rate at 6.1405 per ...

C$ strengthens, helped by soft US data and oil TORONTO: The Canadian dollar strengthened against the US currency on Tuesday, helped by soft US data that weighed on the greenback and a slight recovery in the price of oil.The US dollar fell against a range of currencies as US durable goods and home price data disappointed investors and raised worries about the economy as Federal Reserve officials began a two-day policy meeting."The Canadian dollar is benefiting from US dollar weakness, number one. Number two, ...

US dollar wary ahead of Fed, Swedish crown bruised after rate cut SYDNEY: The US dollar was subdued early on Wednesday as investors waited for the latest guidance from the Federal Reserve, while a surprisingly dovish message from Sweden's central bank saw the crown slump to four-year lows.The Riksbank cut interest rates more than expected to zero and said it would delay tightening policy until the middle of 2016 as it moved decisively to tackle the risk of deflation.Both the euro and dollar jumped to four-year highs ...

Dollar slips on weak data as Fed policy-makers meet NEW YORK: The dollar fell on Tuesday, as US durable goods and home price data disappointed investors and raised worries about the economy as Federal Reserve officials began a two-day policy meeting. The greenback, while weaker against most major currencies, fared better than the Swedish crown after Sweden's central bank surprised investors by adopting a zero interest rate policy in a bid to ward off deflation.The crown fell to a four-year low versus the dollar. ...

Australian & NZ dollars swept higher by carry trade demand SYDNEY/WELLINGTON: The Australian and New Zealand dollars rose on Wednesday as calmer global markets and a rally in equities sparked demand for carry trades.The Australian dollar edged up to $0.8865, having risen to a three-week peak of $0.8882 on Tuesday. It has gained nearly 1 percent in three sessions.The Aussie was squeezed higher after some bears gave up on short positions following a global improvement in risk sentiment.The Aussie was pulling close to the top ...


 



 
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