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Sri Lankan rupee forwards end weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Friday due to importer dollar demand amid a rise in bond yields, while the central bank said it would scrap a lower repo penalty rate of 5 percent from March 2. Bond yields went up on the central bank's surprise decision and on expectation it would raise overnight rates, said bond dealers. "The decision will ease the pressure on the rupee," said a currency dealer.One-week forwards, which were actively traded, ended at 133.65/75 per dollar, compared with Thursday's close of 133.40/45. Two-year bond yields gained 20 basis points and five- to eight-year bond yields went up by 50 basis points each, they said.The spot currency was steady at 132.90/133.10 per dollar for a sixth straight session, keeping to the limits set by the central bank. Central bank officials were not immediately available for comment.Market players are worried there could be further depreciation ...

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards traded slightly weaker on Friday due to importer dollar demand, while traders awaited the results of open market operations to find clues to interest rate direction, dealers said.One-week forwards, which were active, traded a tad weaker at 133.45/55 per dollar compared with Thursday's close of 133.40/45."Traders and exporters are waiting to see whether the central bank jacks up overnight rates," said a currency dealer.The spot currency was steady at 132.90/133.10 ...
China outstanding QFII quota at $70bn at end February BEIJING: The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor (QFII) programme rose to $69.7 billion at the end of February, China's currency regulator said on Friday.The quota was worth $68 billion at the end of January. The QFII programme was created years ago by China to allow foreigners to invest in Chinese capital markets.Norges Bank, Norway's central bank which manages the country's sovereign wealth fund, was given another $1 billion QFII quota in ...
Dollar eases in Asia after US inflation rally TOKYO: The dollar eased Friday after rallying on inflation data that pointed to rising price pressures in some areas of the US economy, which could ease the way for the Fed to hike interest rates.In Tokyo, the dollar weakened to 119.17 yen from 119.42 yen in New York, although it was still higher than 118.97 yen seen in Tokyo earlier Thursday.The euro rose to $1.1213, from $1.1198, but it slipped to 133.62 yen from 133.72 ...
China's yuan falls to 2-year low, raising spectre of devaluation HONG KONG: China's yuan fell to its lowest level against the dollar in more than two years on Friday, raising questions about whether the world's second-largest economy will devalue its currency to avert a sharper economic slowdown.Central banks around the world are easing policy to support growth and prevent deflationary pressures from building up. With fears of a global currency war rising, all eyes in Asia are focused on what China will do as it ...
Dollar eases in Asia after US inflation rally TOKYO: The dollar eased Friday after rallying on inflation data that pointed to rising price pressures in some areas of the US economy, which could ease the way for the Fed to hike interest rates.In Tokyo, the dollar weakened to 119.27 yen from 119.42 yen in New York, although it was still higher than 118.97 yen seen in Tokyo earlier Thursday.The euro rose to $1.1206, from $1.1198, but it slipped to 133.65 yen from 133.72 ...
Sri Lankan rupee ends steady on dollar selling by banks COLOMBO: Sri Lankan rupee forwards recovered to end steady on Thursday after falling intraday as dollar selling by banks late in the day erased early losses.One-week forwards, which fell to 133.50/60 per dollar in early trade, ended steady at 133.40/45, as dollar sales by banks offset importer demand for the greenback earlier in the day, dealers said.The spot currency ended steady at 132.90/133.10 per dollar for a fifth straight session, keeping to the limits set ...

 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln