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Sri Lankan rupee falls after state-run bank raises dollar peg COLOMBO: The Sri Lankan rupee fell on Friday as a state-run bank, through which the central bank usually directs the market, raised the currency's peg against the dollar by 15 cents, allowing the exchange rate to depreciate to 134.30. The local currency ended 0.11 percent weaker at 134.30 per dollar compared with Thursday's close of 134.15. The market had expected the central bank to allow the rupee to depreciate further, in line with other regional currencies that have declined against the dollar. The state-run bank had reduced the currency's peg against the dollar by 10 cents on Wednesday, allowing the exchange rate to appreciate to 134.15 after allowing a 75 cent fall on six occasions from Aug. 5 through Tuesday. "The import demand was there but we saw some inward remittance in the latter part of the day," said a currency dealer on condition of anonymity. Currency dealers expect the ...

Dollar ticks up after upbeat US growth figures TOKYO: The dollar rose against the yen Friday after upbeat US growth data suggested the world's top economy was weathering a slowdown in China, ahead of a key Federal Reserve summit of central bankers.In Tokyo morning trading, the dollar bought 121.08 yen, up from 121.02 yen in New York and sharply higher than the 119.98 yen a day earlier.The euro was stronger at $1.1256 against $1.1239 in US trade, while it rose to 136.29 yen ...
Currency traders sell the yen as China fears ease TOKYO: Currency traders sold the yen Thursday as worries over China's economic slowdown eased slightly and after equity markets surged on the back of hints the US Federal Reserve will not raise interest rates next month.In Tokyo trading, the dollar rose to 120.06 yen, up from 119.98 yen in New York, while the euro was also stronger at 136.27 from 135.72 yen. The 19-nation euro was at $1.1349, up from $1.1312 in US trade.Fears over ...
Dollar ticks up after China moves to calm market turmoil TOKYO: The dollar ticked up against the yen on Wednesday as Chinese authorities moved to shore up the world's number two economy and reverse a global stock market bloodbath. In Tokyo, the dollar changed hands at 119.36 yen, up from 118.84 yen in New York late Tuesday. Fears over slowing growth in China have pushed investors into the yen -- a safe haven during times of turmoil -- sending the dollar tumbling to 116.18 yen ...
Indian rupee, bonds gain after China eases rates, reserve requirements MUMBAI: The Indian rupee extended gains in afternoon trading on Tuesday, rebounding further from a two-year low against the dollar earlier in the day, after China's central bank cut interest rates and simultaneously relaxed reserve requirements. The Indian rupee gained to as much as 65.89 per dollar after the news from China from levels of around 66.20. It had earlier hit as low as 66.76 to the dollar, its weakest since Sept. 4, 2013. Meanwhile, ...
Sri Lankan rupee falls after state-run bank raises dollar peg COLOMBO: The Sri Lankan rupee fell for a third straight session on Tuesday after a state-run bank, through which the central bank usually directs the market, raised the currency's peg against the dollar by 15 cents, allowing the exchange rate to depreciate to 134.25.The rupee closed at 134.25 per dollar, 0.11 percent weaker from Monday's close of 134.10. It has fallen 0.26 percent in the last three sessions. "Though the state bank defended the rupee ...
Australian, NZ dollars bounce off 6-years lows, but sentiment fragile SYDNEY/WELLINGTON: The Australian and New Zealand dollars regained some ground on Tuesday as investors went bargain hunting following a volatile overnight session, but sentiment remained brittle amid concerns over China's economy.The Australian dollar clambered back up to $0.7223, having struck a 6-1/2-year trough of $0.7044 overnight. It plunged 2.2 percent on Monday, its worst day since 2011 and charts suggest there's a clear downtrend.Resistance was found at around $0.7230 and support at Monday's close of ...

 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln