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Sri Lankan rupee ends down on importer dollar demand COLOMBO: The Sri Lankan rupee fell on Tuesday as importer dollar demand outpaced greenback selling by exporters in the absence of intervention by the central bank through state-run lenders, dealers said. The rupee fell 3 percent on Friday to a record low of 139.00 per dollar after the central bank effectively floated the currency by ceasing to quote its own reference rate. The spot rupee ended 0.36 percent weaker at 138.30/50 per dollar, compared with Monday's close of 137.80/85. "Exporter dollar selling is there, but importer demand is more," said a currency dealer asking not to be named. Some dealers said the central bank, which usually directs the market through state-run banks, did not interfere in the market on Tuesday. Copyright Reuters, 2015

Nigerian naira weakens on black market as dollar demand grows LAGOS: The Nigerian naira weakened by 1.13 percent against the dollar on the parallel market on Monday amid rising demand for hard currencies. The local currency was trading at 223 to the dollar on the parallel market, down from 220.50 to the dollar on Friday. "The market is experiencing strong demand for the dollar from some individuals and businesses stocking for school resumption," one trader said. Nigeria's naira had traded as low as 240 to ...

Sterling pulls away from 4-month low against dollar LONDON: Sterling pulled away from a four-month low against the dollar on Monday but was still almost 4 percent lower than two weeks ago, with investors having pushed back their bets on when the Bank of England will raise interest rates until well into next year. A disappointing report last week from Britain's dominant services sector, which grew at its weakest pace in over two years in August, added to doubts over whether the BoE ...

Ugandan shilling steady, tight supply seen offering support KAMPALA: The Ugandan shilling was steady on Monday, but was expected to firm as market players unwind their hard currency positions to cope with tight supply of shillings. At 0921 GMT commercial banks quoted the shilling at 3,665/3,675, unchanged from Friday's close. "The key driver for the shilling going forward will be liquidity," said a trader at a leading commercial bank. "Shillings are scarce and I think we're likely to see players unwinding their positions ...

Dollar ticks up in Asian trading TOKYO: The dollar ticked up in Asia on Monday, after retreating last week on the back of a mixed US jobs report that clouded the timeline for a Federal Reserve rate hike.The greenback rose to 119.37 yen from 119.00 yen Friday in New York, while the euro bought $1.1146 compared with $1.1152 in US trade.The single currency strengthened to 133.05 yen from 132.70 yen.The Australian dollar recovered slightly against the greenback, although it is still ...

Turkish lira weakens to new record low against dollar ISTANBUL: The Turkish lira hit a fresh record low above 3.0 to the dollar on Friday against a background of political uncertainty and security concerns, and as investors digested data showing the US economy created less jobs than expected last month. The lira peaked at a level of 3.0057 in late trade before edging back slightly to 3.0000 at 1507 GMT. Copyright Reuters, 2015

Weaker rand a boost for South African stocks, drag on bonds JOHANNESBURG: South African equities have marched ahead this year despite sluggish economic growth, with local investors scaling back their bond exposure in favour of shares that offer a hedge against a sharply weaker currency. Central bank regulations limiting local investors to taking only 25 percent of their assets offshore have prevented a mad rush out of South Africa that might have ensued with the rand's nearly 20 percent fall against the dollar this year.But asset ...


Index Closing Chg%
Arrow DJIA 17,050.75 0.82
Arrow Nasdaq 4,810.79 0.41
Arrow S&P 2,013.43 0.88
Arrow FTSE 6,374.82 0.61
Arrow DAX 9,993.07 0.23
Arrow CAC-40 4,675.91 0.18
Arrow Nikkei 18,141.17 0.99
Arrow H.Seng 22,354.91 0.71
Arrow Sensex 26,845.81 0.70

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln