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Sri Lanka rupee ends steady on state banks' dollar buying COLOMBO: The Sri Lankan rupee closed steady on Thursday as dollar-buying by two state banks prevented sharp gains in the local currency due to inflows from inward remittances and exporter dollar sales amid mild importer demand for the greenback, dealers said.The rupee ended at 130.21/22 per dollar, unchanged from Wednesday's close.Dealers said the rupee is still facing an upward pressure with the two state banks buying dollars at 130.21 rupees.Usually the central bank intervenes through the two state banks to direct the market to smoothen volatility. But dealers said it was not clear if the state bank buying was on behalf of the central bank.The International Monetary Fund (IMF) on Wednesday urged Sri Lanka to limit its intervention in the foreign exchange market.The IMF said the central bank's intervention in the foreign exchange market may create a perception that the rupee was implicitly fixed and could lead market participants and ...

Dollar shines, US yields surge on upbeat US data TOKYO: The dollar stayed strong and US bond yields held firm on Thursday after data showed solid US economic growth, even as the Federal Reserve repeated its message that it is in no hurry to raise interest rates. The prospect of a solid US recovery underpinned equities, with Japanese shares leading the gains thanks to the yen's fall against the dollar. The Nikkei average rose 0.4 percent while Australian shares inched up to hit six-year ...
China's yuan dips on central bank guidance SHANGHAI: China's yuan weakened against the dollar on Thursday after the central bank set the daily midpoint at its lowest level since early June.The People's Bank of China set the midpoint rate at 6.1675 per dollar prior to market open, down 0.05 percent from the previous fix. The spot rate is currently allowed to trade 2 percent above or below the midpoint.The spot market opened at 6.1740 per dollar and was changing hands at 6.1732 ...
Dollar dips after Wall Street rally TOKYO: The dollar edged lower against the yen in Asia Thursday after surging to a near four-month high in US trade in response to forecast-beating US economic growth data.In afternoon trade in Tokyo the greenback bought 102.78 yen, compared with 102.81 yen late in New York but still well up from the 102.11 yen earlier in Japan. It had surged to 103.09 yen in New York -- its strongest since early April -- after the ...
Dollar flat in Asia ahead of key data, Fed meeting TOKYO: The dollar moved narrowly in Asia Monday as simmering geopolitical tensions capped activity while investors look to a slate of US data and a Federal Reserve policy meeting later this week.In Tokyo afternoon trade, the greenback was quoted at 101.80 yen, slightly down from 101.83 yen in New York Friday.The euro was also flat at $1.3429 and 136.73 yen, against $1.3430 and 136.76 yen, as a closely watched survey showed that concerns over crises ...
China's yuan rises as positive economic data offsets weak midpoint SHANGHAI: China's yuan strengthened against the dollar on Monday, as better-than-expected economic data offset a weaker central bank midpoint fixing, traders said, as the spot market continued to push the traded rate closer to the midpoint.Spot yuan stood at 6.1870 per dollar by midday, up 0.07 percent from last Friday's close, only 0.4 percent away from the midpoint, the closest the spot market and the midpoint have been since mid-March.The People's Bank of China (PBOC) ...
Dollar flat in Asia ahead of key data, Fed meeting TOKYO: The dollar moved narrowly in Asia Monday as simmering geopolitical tensions capped activity while investors look to a slate of US data and a Federal Reserve policy meeting later this week.In Tokyo late morning trade, the greenback was quoted at 101.80 yen, slightly down from 101.83 yen in New York Friday.The euro was also flat at $1.3431 and 136.75 yen, against $1.3430 and 136.76 yen, as a closely watched survey showed that concerns over ...

 



 
IndexClosingChg%
ArrowDJIA 16,563.30 1.88
ArrowNasdaq 4,369.77 2.09
ArrowS&P 1,930.67 2.00
ArrowFTSE 6,730.11 0.64
ArrowDAX 9,407.48 1.94
ArrowCAC-40 4,246.14 1.53
ArrowNikkei 15,620.77 0.16
ArrowH.Seng 24,756.85 0.10
ArrowSensex 25,894.97 0.74





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln