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Sri Lanka rupee ends steady amid thin trade COLOMBO: The Sri Lankan rupee ended steady for a sixth straight session on Friday in dull trade as demand for more dollars by importers was offset by selling of the greenback at 133.60 by a state-run bank, dealers said. The state-owned bank, through which the central bank usually directs the market, has kept the selling rate of the dollar at 133.60 since July 2, dealers said. "There was (importer) dollar demand today. The state bank is selling at 133.60," a currency dealer said. The currency has appreciated 0.45 percent since it hit a record low of 134.20 against the dollar on June 18. The central bank may not be able to sustain the rupee's appreciation trend as import demand could pick up due to lower interest rates, dealers and analysts said.Copyright Reuters, 2015


Yen, Swiss franc weaken as China stocks gain, Greek fears ease NEW YORK: The safe-haven yen and Swiss franc fell on Thursday after Chinese stocks rebounded and worries about Greece eased somewhat as Europe awaited reform proposals from the debt-burdened country to back its request for another three-year loan.The 6 percent gain in Shanghai shares was enough to restore optimism from investors after a rough month dominated by Greece's troubles and a more than 30 percent drop in China's main stock market indexes.Those elements were behind ...

South Africa's rand snaps losses as risk aversion abates JOHANNESBURG: South Africa's rand snapped four straight days of losses against the dollar on Thursday, shrugging off weak domestic data as global investors focussed on euro zone efforts to resolve Greece's debt problems.South Africa's manufacturing sector remained under pressure in May, shrinking 1.4 percent year-on-year after a 2.1 percent contraction in April.But the rand climbed as much as 1 percent to a session high of 12.4440/dollar, and was up 0.37 percent on the day at ...

Sterling inches up from lows after budget, robust housing data LONDON: Sterling inched up from a one-month low on Thursday, drawing some support from a British budget bill that was not as fiscally tight as many investors had expected, as well as strong numbers from the housing market.The pound was unmoved by the Bank of England's decision to, as expected, keep its benchmark interest rate at the record low of 0.5 percent, as policymakers grappled with how to balance improving wage growth in Britain against ...

Yen rally hits roadblock in Asian trade TOKYO: The yen's brief climb hit a block in Asia Thursday with sentiment picking up as Chinese stock markets rallied and dealers held out hope for a Greek debt deal this weekend.In Tokyo, the dollar strengthened to 121.37 yen from 120.71 yen in New York while the euro rose to 134.69 yen against 133.68 yen.However, both were still off levels earlier this week when jittery traders piled into the yen, which is a seen as ...

Zloty eases, weakness of stocks and Greece weigh BUDAPEST/WARSAW: The zloty fell to a 5-month low against the euro on Wednesday ahead of a Polish central bank meeting as fear that Greece may leave the euro zone weighed on Central European markets.Some central banks in the region are still in their monetary easing cycle, but analysts in a Reuters poll unanimously projected that the Polish bank would keep rates on hold at 1.5 percent.The zloty still eased by 0.2 percent to 4.221 to ...

Ugandan shilling breaches key level, falls to record low KAMPALA: The Ugandan shilling breached a key psychological level and weakened to a record low on Wednesday after a surge in demand for dollars from energy companies. At 0805 GMT commercial banks quoted the shilling at 3,510/3,520, weaker than Thursday's close of 3,475/3,485. "The energy sector players have been out for some time but they're now coming in with demand," said Faisal Bukenya, head of market making at Barclays Bank.However, Bukenya said, the shilling's depreciation ...


 



 
Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln