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Sri Lanka rupee forwards weaker on importer dollar demand COLOMBO: The Sri Lankan rupee ended slightly weaker on Monday due to importer dollar demand, but moral suasion from the central bank prevented a further decline, dealers said.The central bank governor said on Friday that the rupee was in an appreciating trend and the monetary authority would manage any volatility through intervention.However, dealers said the local currency was under pressure as imports continue to rise in a stable exchange rate regime and a low interest rate environment.The spot currency ended at 131.00/10 per dollar, weaker from Friday's close of 130.95/131.10. Dealers said the central bank lowered the defending level by five cents to 131.00.Three-day forwards, or spot-next, also capped at 131.10, traded at 131.10/15 per dollar compared with Friday's close of 131.10/12.The market expects the local currency to remain weak due to rising seasonal imports, at least through November and then start to inch up in December on remittances, dealers ...

Turkish lira firmer, shares eke out gains as oil price falls ISTANBUL: Turkey's lira firmed up and shares eked out gains on Monday, supported by a fall in the price of oil that helps keep down the country's energy import bill.Investors were turning their attention to the central bank's monthly rate-setting meeting on Thursday, at which economists forecast no change in interest rates in view of high inflation.The lira was firmer at 2.2273 by 1130 GMT from 2.2350 against the dollar late on Friday, while the ...

Ugandan shilling firms on liquidity mop-up, corporate tax payments  KAMPALA: The Ugandan shilling was stronger on Monday, helped by a central bank mop-up of excess liquidity and mid-month corporate tax payments that depressed demand for dollars.Commercial banks quoted the shilling at 2,730/2,740 by 1142 GMT, stronger than Friday's close of 2,740/2,750."We had a mop-up of excess liquidity by the central bank which helped push up the (local) unit," said Sage Daniel Muganza, trader at Centenary Bank."We also think because most corporates are settling their ...

Kenyan shilling firm, stocks close lower NAIROBI: Kenya's shilling was holding firm against the dollar in early trade on Monday after the central bank intervened at the end of last week by selling dollars, lifting the currency from three-year lows, while stocks closed lower.At the close of trade at 1300 GMT, commercial banks quoted the shilling at 89.80/90 to the dollar, compared with Friday's close of 89.90/90.00. "Nothing much has moved, because of the threat of central bank intervention based on ...

Yen steadies against dollar after GDP shock NEW YORK: The Japanese yen steadied against the U.S. dollar on Monday, coming off seven-year lows after Japan's economy unexpectedly slipped into recession in the third quarter.Japan's economic shock sets the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.Uncertainty around these events is likely to keep the Japanese currency volatile, though the yen may gain ...

C$ retreats as crude prices slip TORONTO: The Canadian dollar was softer against its US counterpart on Monday, tracking weaker oil prices, and with little else on the domestic calendar this week, the currency is expected to take its cues from external drivers.The commodities-linked Canadian dollar has been moving closer in tandem with the price of crude, a major Canadian export, and prices have slumped to four-year lows recently on concerns of an oil glut.Brent crude fell on Monday after Japan, ...

Yen holds ground after shock Japan GDP slide LONDON: The yen recovered from seven-year lows against the dollar on Monday but remained under pressure having sunk across the board after shock data showed Japan's economy slipping back into recession.The yen normally tends to rise as Tokyo's stock market falls and that logic dragged the yen steadily higher as the Nikkei index sank 3 percent in the hours following gross domestic product numbers showing a 1.6 percent annualised fall.But the third-quarter data was so ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln