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Sri Lanka rupee steady despite upward pressure; stocks slip COLOMBO: The Sri Lanka rupee was steady on Thursday as importer dollar demand offset greenback inflows, but dealers expect the currency to face upward pressure due to steady inflows in the absence of strong demand for imports and credit. The rupee was traded at 130.33/36 per dollar at 0654 GMT, little changed from Wednesday's close of 130.34/36. "There were some inflows in the morning.But with importer dollar demand, the rupee is flat," said a currency dealer. The central bank has been preventing the rupee's appreciation over the last few weeks due to steady inflows amid slack demand for private sector credit and imports.Despite a multi-year low interest rate regime, data on Monday showed private sector credit grew at a four-year low of 4.3 percent in March from a year earlier, while imports in February fell 6.2 percent on the year. While maintaining the policy rate for the fourth straight month ...


Rand steady as South Africa rates seen unchanged JOHANNESBURG: South Africa's rand was largely steady against the dollar on Thursday as the market awaited the Reserve Bank's third policy statement of the year, when it is expected to keep rates unchanged while flagging rising inflation pressures. Government bonds edged slightly higher, pulling yields down after minutes from the US Federal Reserve on Wednesday pointed to rates in the world's biggest economy remaining depressed for longer. At 0659 GMT the rand was trading at ...

Dollar gains in Asia on Fed meeting minutes TOKYO: The dollar rallied in Asia Thursday after minutes from the Federal Reserve's April policy meeting showed it would forge ahead with a cautious wind-down of its stimulus programme as the economy strengthens. In Tokyo trade, the greenback bought 101.56 yen, up from 101.38 yen late in New York and much stronger than the 100.90 yen level touched in Tokyo earlier Wednesday.The euro bought $1.3677 and 138.92 yen, against $1.3686 and 138.76 yen in US ...

Dollar edges up as Fed minutes offer little new NEW YORK: The dollar firmed slightly against the euro on Wednesday as traders digested Federal Reserve meeting minutes that offered little new insight on the direction of US monetary policy.The minutes of the Federal Open Market Committee's April 29-30 meeting showed Wednesday the policy makers launching into how they should prepare the ground for lifting the benchmark federal funds rate from near zero, expected in mid-2015.Fed officials discussed several approaches to policy when they raise ...

C$ weakens, but seen in range ahead of data  TORONTO: The Canadian dollar weakened modestly against the greenback on Wednesday but was expected to stick to its recent trading range as investors looked ahead to key domestic economic data reports due for release later in the week.In May so far, the Canadian dollar has largely traded sideways as analysts weigh modestly improving data against a Bank of Canada that has maintained its neutral policy stance.Figures for retail sales for March and inflation for April ...

Euro down as elections, ECB outlook weighs; dollar rebounds NEW YORK: The euro declined for a second session against the dollar on Wednesday, weighed by expectations of further policy easing by the European Central Bank and political uncertainty ahead of the European Parliamentary elections later this week.The dollar, meanwhile, tumbled to its lowest in more than three months versus the yen in European trading, hurt by optimistic comments about the economy from Bank of Japan Governor Haruhiko Kuroda who gave no hint of further ...

Sterling hits 5-1/2 year high as economy keeps on giving LONDON: A surge in retail sales last month and signs some Bank of England policymakers are leaning towards a rise in interest rates drove sterling half a percent higher on Wednesday, to its strongest in 5 and a half years on a trade-weighted basis.Doubts have emerged over the past couple of months about the pound's ability to build on a 10 percent gain in the past year. Those gains have taken it to levels not ...


 



 
Index Closing Chg%
Arrow DJIA 17,757.91 0.79
Arrow Nasdaq 5,013.13 0.53
Arrow S&P 2,077.42 0.69
Arrow FTSE 6,608.59 1.34
Arrow DAX 11,180.50 2.15
Arrow CAC-40 4,883.19 1.94
Arrow Nikkei 20,329.32 0.46
Arrow H.Seng 26,250.03 1.09
Arrow Sensex 28,020.87 0.86





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln