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Sri Lanka rupee steady at over 1-year high; stx at over 33-month high COLOMBO: The Sri Lankan rupee traded steady on Wednesday at its highest in more than a year as inflows from remittances and exports offset U.S. currency demand from importers while state banks' dollar buying curbed upward pressure on the local currency.The rupee was flat at 130.18/20 per dollar at 0705 GMT, its highest close since June 28, 2013."The rupee is flat in dull trade. Not much of trades are taking place. But the bond market is active with excess liquidity and expecting treasury bill rates to come down further," said a currency dealer, asking not to be named.Yields in treasury bills are already at multi-year lows.On Tuesday, an official from the central bank's international operations department told Reuters that the bank was buying dollars from the market to curb excess volatility as there have been continuous inflows during the last few weeks.The official said the rupee would have appreciated to ...

Kenya shilling eases slightly, eye on 88 level NAIROBI: The Kenyan shilling weakened on Wednesday because of demand from oil companies for dollars, then steadied on expectations the central bank would intervene if it got much weaker.At 0730 GMT, commercial banks quoted the shilling at 87.80/90 to the dollar, slightly down from Tuesday's close of 87.75/85."We saw the oil sector in the market buying dollars, so that's the marginal weakening on the shilling," John Njenga, trader at Commercial Bank of Africa, said.Traders said ...

Aussie, kiwi struggle on questions about China; sterling in focus LONDON: The Australian and New Zealand dollars fell on Wednesday as Chinese growth data raised some questions about how long the growth would last, with some investors cautious about a recovery without another burst of government stimulus.The U.S. dollar clung to modest gains after the Federal Reserve chief said rates could rise sooner if employment improved.In the European session, focus will be on the British pound which hit near-six-year highs against the dollar on Tuesday ...

Won and ringgit slip as dollar stays firm after Yellen SINGAPORE: The South Korean won and the Malaysian ringgit sagged on Wednesday as the dollar managed to hold firm after U.S. Federal Reserve Chair Janet Yellen's testimony the previous day was seen as relatively balanced.The dollar's generally firm tone seemed to be spilling over into Asian currencies, said Masashi Murata, currency strategist for Brown Brothers Harriman in Tokyo."The general market sentiment is that the dollar is starting to show a bit of resilience...and some short-covering ...

Sterling dips, gilts rise after earnings, jobs data LONDON: Sterling and yields on British government bonds dipped on Wednesday after wage data fell just short of forecasts, failing to provide more evidence of a pick up in demand-led pressure on prices following a jump in inflation last month.The pound fell to a session low of $1.7113, down almost a cent from highs reached on Tuesday after June numbers surprised markets by showing inflation had risen to 1.9 percent, within touching distance of the ...

Small dip for sterling after UK wages undershoot LONDON: Sterling dipped on Wednesday after British wage data fell short of forecasts, failing to provide more evidence of a pick up in demand-led pressure on prices following a jump in inflation last month.The debate over the strength of Britain's economic recovery, and the chances of the Bank of England raising interest rates before the end of the year, has moved on from employment to centre around inflation and wage growth.The pound hit an almost ...

Dollar rises in Asia on Fed chief rate comments TOKYO: The dollar rose in Asia on Wednesday as the head of the US Federal Reserve indicated that interest rates could rise earlier than expected if the world's biggest economy continues to pick up pace.In Tokyo afternoon trade, the dollar bought 101.73, up a tad from 101.67 yen late in New York and 101.50 yen in Tokyo earlier Tuesday.The euro bought $1.3561 and 137.97 yen, little changed from $1.3570 and 137.97 yen in US trade.Fed ...


Index Closing Chg%
Arrow DJIA 16,493.37 0.42
Arrow Nasdaq 4,352.64 0.39
Arrow S&P 1,925.15 0.29
Arrow FTSE 6,679.18 0.76
Arrow DAX 9,210.08 2.10
Arrow CAC-40 4,202.78 1.02
Arrow Nikkei 15,523.00 0.63
Arrow H.Seng 24,532.43 0.91
Arrow Sensex 25,480.84 1.60

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln