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Sri Lanka rupee at near 7-week low on importer dollar demand COLOMBO: The Sri Lankan rupee traded weaker at a near seven-week low on Wednesday due to importer dollar demand despite the intervention by state banks to hold the currency at 131.15, dealers said. The spot rupee was quoted at 131.20/45 per dollar at 0551 GMT, its lowest since Oct. 10, Thomson Reuters data showed. It closed at 131.15/25 on Tuesday. Three currency dealers said one of the two state banks, through which the central bank usually directs the market, sold dollars at 131.15 per dollar to ease the downward pressure on the rupee. "The intervention is seen as central bank directing the market," said a currency dealer asking not to be named. "There was an offer at 131.30, but I don't think nobody would take it at that level," the dealer said. A central bank official said the intervention was due to excess volatility in line with the central bank ...


Australian and NZ dollars struggle, downside risks loom SYDNEY/WELLINGTON: The Australian and New Zealand dollars hovered just above multimonth lows on Wednesday and looked set to remain on the backfoot amid uncertainty over when the US Federal Reserve will start to wind back its stimulus programme. The Aussie stood at $0.9107, from $0.9133 early, after touching a three-month low of $0.9088 overnight. Appetite for the US dollar remained steady on speculation that the Fed will begin tapering some time early next year. "It ...

South Korean won under pressure from yen, exporters SEOUL: The South Korean won fell slightly against the dollar by midday on Wednesday, weighed down by the yen's recent decline against the dollar and slow month-end dollar sales by exporters.The won was quoted at 1,061.4 per dollar at 0245 GMT, a touch down from Tuesday's domestic close of 1,059.9."Dollar/yen's recent rises put a strong floor for the dollar/won at around 1,060," said a domestic bank dealer in Seoul, referring to the yen's sharp falls ...

Dollar inches down to 1 month low vs. euro ahead of US holiday TOKYO/SYDNEY: The dollar eased to a near one-month low against the euro on Wednesday, undermined by lower Treasury yields after a batch of US data offered few clues to investors on the timing of when the Federal Reserve will scale back its stimulus. Traders said market conviction was lacking given the US Thanksgiving holiday on Thursday, and an absence of any data shock to drastically change expectations that the Fed will taper its bond-buying program ...

Dollar weakens, keeps euro underpinned near recent highs LONDON: The dollar fell against a basket of currencies on Tuesday, as lower U.S. yields drove investors to trim long bets and gave a fillip to the euro that has so far proven resilient to talk of looser monetary policy.Expectations that month-end rebalancing flows by asset managers could also see the dollar weaken against currencies including the euro and the British pound.The dollar index was down 0.2 percent at 80.750, reversing Monday's gains and pulling ...

Sri Lanka rupee at over 6-week low on outward remittance COLOMBO: The Sri Lankan rupee ended weaker at a more than six-week low on Tuesday due to outward remittances and as banks traded the greenback at a higher level, dealers said.The spot rupee closed at 131.15/25 per dollar, its lowest since Oct. 17 and weaker from Monday's close of 131.10/20.Three-day forward or spot next, which was actively traded in the market, ended weaker 131.45/50 per dollar, down from Monday's close of 131.22/25, dealers said."Large transactions ...

India rupee ends flat; upside limited by oil dollar demand MUMBAI: The Indian rupee closed unchanged on Tuesday, after having traded slightly stronger for most of the session helped by a globally weaker dollar, as month-end demand for the US currency from oil firms weighed.Trading was largely range-bound as hopes on Monday that Iran's nuclear deal with world powers would lower oil prices were tempered by doubts about how quickly the accord would translate into higher supplies.Lower oil prices benefit India by helping contain inflationary ...


 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln