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Emerging market currencies make fresh gains TOKYO: The dollar declined further against some emerging Asian currencies Thursday on waning expectations of an early rise in US interest rates.With last Friday's below-par US jobs report muddying the Federal Reserve's plans for lifting borrowing costs by the end of the year, many higher-yielding, or riskier, units have benefited.Emerging market currencies have been hammered in recent months as expectations of a US rate rise built up and China's economic growth slowed. Beijing's shock devaluation of its yuan in August also triggered a sweeping sell-off across global markets that wiped trillions in valuations.That led to investors pulling their money out of higher-yielding, higher-risk economies such as Indonesia and Thailand as they looked for safer returns back in the United States.However, with the Fed's rate plans now muddied, bets are on a 2016 hike, bringing some much-needed confidence back to emerging markets this week.One of the main winners has been the ...

Sri Lankan rupee ends higher on dollar selling by bank, low importer demand COLOMBO: The Sri Lankan rupee ended firmer on Wednesday as a private bank sold dollars amid tepid demand for the greenback from importers, dealers said. The rupee ended at 140.55/65 per dollar, compared with Tuesday's close of 141.05/141.10. Dealers said the two state-run banks through which the central bank directs the market were not seen selling dollars, but a local private bank sold the US currency, which helped the rupee to trade higher. "Rupee ended ...
Yen firmer after BoJ holds fire on fresh easing TOKYO: The yen rose against the dollar Wednesday after the Bank of Japan refrained from expanding its monetary easing programme at the end of a two-day meeting.The BoJ said it decided to keep the current 80 trillion yen ($665 billion) annual asset-buying scheme to stimulate the economy by an 8-1 vote, saying the Japanese economy is on track to recovery despite negative growth in the last quarter.The dollar stood at 119.93 in early afternoon trade ...
Sri Lankan rupee ends higher on bank dollar sales COLOMBO: The Sri Lankan rupee closed slightly firmer on Tuesday, as dollar selling by a private bank surpassed demand for the greenback by importers, dealers said. The rupee closed at 141.05/141.10 per dollar, compared with Monday's close of 141.24/28. Dealers said the two state-run banks through which the central bank directs the market, were not seen selling dollars, but a local private bank sold the US currency in early trade. "The rupee ended firmer on ...
Dollar holds steady on improved risk appetite TOKYO: The dollar held its ground on Tuesday against major currencies as investors returned to equities, betting that the Federal Reserve would delay hiking rates after seeing disappointing US economic data.The dollar bought 120.45 yen in Tokyo, little changed from 120.46 yen.The euro stood at $1.1194 and 134.84 yen, compared with $1.1187 and 134.77 yen.Poor US jobs data released on Friday has convinced many Fed watchers that the US central bank will delay a plan ...
Sri Lankan rupee steady on bank dollar sales; stx little changed COLOMBO: The Sri Lankan rupee traded steady on Monday as importer dollar demand offset greenback sales by a private bank, dealers said.The rupee was little changed at 141.25/35 per dollar, compared with Friday's close of 141.25/30.Dealers said the two state banks, through which the central bank directs the market, were not seen selling dollars, but a local private bank sold dollars for the second consecutive day."Now there can be some exporter dollar sales as the ...
Dollar steady against emerging market currencies TOKYO: The dollar faced selling pressure against major currencies but strengthened against most of its Asia-Pacific peers Monday as concerns over emerging economies remained strong despite an expected delay in Washington's rate hike.The US unit edged up to 119.97 yen in Tokyo afternoon trade from 119.92 in New York late Friday but still down from 120.05 in Tokyo earlier that day.The euro rose to $1.1235 and 134.78 yen in Tokyo from $1.1219 and 134.53 yen ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln