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Sri Lanka rupee forwards weaker despite intervention; seen lower on imports COLOMBO: Sri Lankan rupee forwards ended weaker on Thursday due to importer dollar demand despite moral suasion by the central bank, while exporters awaited direction from a supplementary budget, dealers said.Currency dealers said the rupee may depreciate because of an expected increase in consumption after a raft of tax reductions on key commodities in the budget.Fears of depreciation kept exporters away from the market, resulting in the currency's fall and leading the central bank to cap four-day forwards at 133.00 and one-week forwards at 133.50, dealers said.One-month forwards ended at 134.00/10 per dollar compared with Wednesday's close of 133.90/80.One-week forwards ended at 133.50/60 per dollar, unchanged from Wednesday's close of 133.50/60, while four-day also ended unchanged at 133.00/133.40 per dollar."The currency will be under pressure with the increase of disposable income from the budget," said a dealer.The new government on Thursday imposed taxes on cash-rich firms to pay for populist ...

Bullish Fed hurts Asia FX; Singapore dollar rebounds SEOUL: Most emerging Asian currencies fell on Thursday as the US Federal Reserve appeared on track to raise interest rates this year while there are risks that regional central banks instead may ease monetary policies.The Malaysian ringgit hit a near six-year low as an overnight slide in oil prices highlighted concerns that slumping crude will hurt the country's current account surplus and increase its fiscal deficit.South Korea's won touched a near four-week low as offshore ...
Dollar climbs in Asia as Fed points to 'solid' growth TOKYO: The US dollar extended its gains on Thursday after the Federal Reserve pointed to the "solid pace" of growth in the world's top economy, signalling a mid-year rate hike was still in play.In Tokyo, the greenback briefly rose above the 118-yen level before settling back at 117.70 yen in afternoon trade, still up from 117.53 yen in New York.The euro weakened to $1.1272 from $1.1284, while it ticked up to 132.68 yen, against 132.62 ...
Sri Lanka rupee forwards down on importer dollar demand; budget awaited COLOMBO: Sri Lankan rupee forwards ended weaker on Wednesday on importer dollar demand but the central bank capped the fall, as exporters awaited direction from a supplementary budget, dealers said.Fears of depreciation kept exporters away from the market, resulting in the currency's fall and leading the central bank to cap four-day forwards at 133.00, dealers said.That forced dealers to trade one-week forwards.One-week forwards closed at 133.50/60 per dollar compared with Tuesday's close of 133.45/55.Four-day forwards ...
Singapore dollar drives Asia FX lower as central bank move may fan regional easing; baht cuts losses SEOUL: The Singapore dollar fell to its weakest in nearly four-and-a-half years on Wednesday, driving losses among emerging Asian currencies, after the city-state unexpectedly eased monetary policy to tackle deflationary pressures.Traders fear other regional central banks could follow suit in coming weeks as they seek to keep their exports competitive in the face of uneven global demand.Thailand's baht recovered most of its earlier losses after the central bank left its policy interest rate unchanged. The ...
Sri Lanka rupee forwards end weaker on importer dollar demand; seen falling COLOMBO: Sri Lankan rupee forwards ended weaker on Tuesday on importer dollar demand even as the central bank capped the fall, while exporters awaited direction from the supplementary budget later this week, dealers said.Fears of possible depreciation kept exporters away from the market, which resulted in the fall of the currency, leading the central bank to cap the four-day forward at 133.00, which forced dealers to trade one-week forwards, dealers said.One-week forwards closed at 133.45/55 ...
Sri Lankan rupee down on importer dollar demand; market seeks clarity COLOMBO: Sri Lankan rupee forwards traded weaker on Tuesday on importer dollar demand while the market awaited clarity on the new government's economic policies and exporters remained on the sidelines amid fears of depreciation.Four-day forwards were actively traded and stood at 133.30/133.50 per dollar by 0833 GMT, compared with Monday's close of 133.00/20."The basic problem is the central bank and the market do not agree on the price of the currency," a currency dealer said ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln