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Sri Lankan spot rupee steady; forwards weaker on dollar short supply COLOMBO: The Sri Lankan rupee was steady in dull trade on Monday as a state-run bank, through which the central bank usually directs the market, sold dollars at 133.70, but the supply of greenbacks did not meet demand by importers, dealers said."The spot is steady as the state bank is selling at 133.70, but the demand (for dollars) is seen as the supply is low," said a currency dealer asking not to be named."With the announcement of elections the (dollar) selling might stop a bit and exporters might wait for a longer period."President Maithripala Sirisena dissolved parliament on Friday in an effort to consolidate power and push through political reforms, ending a months-long deadlock.The central bank kept key policy rates steady at record lows, as expected, on Friday before the markets opened, and said prospects of improved performance in advanced economies along with low inflation and low market interest rates ...

Euro eases amid Greece debt talks stand-off TOKYO: The euro lost ground against the dollar and the yen in Asian trade Friday after hopes for a Greek debt deal began to recede.Greece's emergency negotiations with its creditors -- the European Union and the International Monetary Fund -- ended abruptly Thursday, pushing the crisis toward a critical weekend meeting in a bid to avoid a default by Athens and its potential exit from the eurozone.Talks will resume on Saturday, just days before the ...
Sri Lankan rupee trades steady on state bank dollar selling COLOMBO: The Sri Lankan rupee was steady in dull trade on Friday as a state-run bank sold dollars at 133.70, dealers said, unchanged from the spot currency's Thursday close, its highest since May 25.A state-owned bank, through which the central bank usually directs the market, sold dollars at 133.70, keeping the currency steady, dealers said.Depreciation pressure on the currency eased after Finance Minister Ravi Karunanayake said on Tuesday the spot would climb 3 percent to ...
Japan consumer prices up 0.1pc year-on-year in May; govt TOKYO: Japanese consumer prices grew a tepid 0.1 percent year-on-year in May while household spending rose for the first time in more than a year, official data showed Friday.Core inflation, excluding volatile fresh food prices, beat market expectations for zero growth but was still well short of the Bank of Japan's 2.0 percent target.Lower fuel prices and other energy costs helped curb inflation, data from the internal affairs ministry showed. Analysts say the central bank ...
Euro holds on to gains in wait for Greek debt deal TOKYO: The euro held on to gains on Thursday as market players waited for fresh news from marathon talks over a bailout deal for Greece.The single European currency fetched $1.1200 and 138.81 yen in Tokyo, marginally down from $1.1208 and 138.86 yen in New York but still up from $1.1184 and 138.73 yen in Asian trade on Wednesday.The dollar was changing hands at 123.94 yen against 123.89 yen in US trade."There's a sense Greek negotiations ...
Euro sags as focus returns to US rates TOKYO: The euro sagged on Wednesday as investors' confidence on a Greek debt deal allowed focus to shift to the prospects of higher US interest rates ahead.The single European currency bought $1.1163 and 138.32 yen in Tokyo, little changed from $1.1168 and 138.36 yen in New York, but considerably lower than $1.1393 and 139.95 yen in Asian trade on Tuesday.The dollar was at 123.90 yen against 123.89 yen."Markets are pretty content with the idea that ...
China's yuan flat, short-term stability seen SHANGHAI: China's yuan was flat against the dollar on Tuesday, moving in a narrow range after the central bank set the daily guidance rate little changed.The People's Bank of China (PBOC) set the midpoint rate at 6.1119 per dollar prior to market open, only 0.02 percent weaker than the previous fix at 6.1104.The spot market opened at 6.2075 per dollar and was changing hands at 6.2094 at midday, almost unchanged from the previous close.Traders said ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln