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Sri Lankan rupee forwards firmer on inward remittances COLOMBO: Sri Lankan rupee forwards ended firmer on Tuesday due to dollar inflows from remittances, but trading was thin as the market awaited cues on the direction of interest rates, dealers said.Actively traded two-week rupee forwards ended at 133.75/85 per dollar, compared to Monday's close of 133.87/95."There were banks selling due to remittances. The remittances are picking up slowly," said a currency dealer on condition of anonymity.The central bank, however, prevented a fall in the spot rupee and one-week forwards at 132.90/133.20 and 133.60/75, respectively, within the limits set by it.Central bank officials were not available for comment.Dealers said the market was awaiting cues on the direction of interest rates after yields on t-bills fell between 31 and 44 basis points at a weekly auction on Wednesday, after having spiked by 112-124 basis points in two previous weekly auctions.They said a probe into all bond auctions since 2012 is also ...


Dollar buying stalls on Fed official's rate comments TOKYO: Dollar demand stalled on Tuesday after the vice chairman of the Federal Reserve suggested interest rates would rise more slowly than expected, while the euro won support from hopes for a Greek debt deal.The greenback changed hands at 119.66 yen in afternoon trading, down from 119.71 yen in New York and 119.91 yen in Tokyo earlier Monday.The euro bought $1.0919 and 130.69 yen against $1.0945 and 131.02 yen in US trade. However, it was ...

Russia's rouble opens down as oil weighs MOSCOW: Russia's rouble opened broadly weaker on Tuesday after firming on Monday to its highest level against the dollar this year, with a decline in oil prices weighing on the Russian currency.At 0730 GMT, the rouble was around 0.1 percent lower against the dollar at 58.83. It was trading around 0.1 percent down at 64.34 versus the euro.Oil, Russia's chief export, dropped to $55.50 per barrel of Brent on Tuesday after activity in China's factory ...

South Africa's rand rides on euro gains versus dollar JOHANNESBURG: South Africa's rand steadied versus the dollar after pushing firmer than the 12.00 mark overnight, helped by a stronger euro after the Federal Reserve signalled last week that U.S. rates would rise very gradually.A less aggressive than expected policy tightening cycle by the Fed would boost high-yielding emerging currencies such as the rand, even as South Africa's own central bank is expected to keep its key repo rate unchanged on Thursday.At 0643 GMT, the ...

Sri Lankan rupee forwards tad firmer on inward remittances COLOMBO: Sri Lankan rupee forwards were slightly up on Tuesday due to dollar inflows from remittances, but trading was thin as the market awaited cues on the direction of interest rates, dealers said.Actively traded two-week rupee forwards stood at 133.85/95 per dollar at 0632 GMT, compared to Monday's close of 133.87/95."Nothing is happening. It's a very dull day but remittances are picking up slowly," said a currency dealer on condition of anonymity.The central bank, however, ...

Fed uncertainties support Asia FX; China manufacturing survey weighs  SINGAPORE: Most emerging Asian currencies extended gains on Tuesday in the uncertainty over the timing of US interest rate hikes, while a gloomy survey of China's manufacturing sector dimmed the appeal of some regional currencies.South Korea's won and Indonesia's rupiah rose to their highest in more than two weeks. The Malaysian ringgit advanced with higher stocks and bonds prices.The dollar on Monday broadly fell on views that the US Federal Reserve will not hurry to ...

Dollar firmer after comments by Fed's Williams, but doubts linger SINGAPORE/TOKYO: The dollar edged higher versus a basket of currencies on Tuesday after a top U.S. Federal Reserve official said it should wait no more than a few months before considering an interest rate hike.Market participants also attributed the dollar's bounce to technical factors and said the greenback may face further long liquidation after the Fed signalled last week that it is in no rush to tighten monetary policy.By early afternoon, the dollar was up ...


 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln