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Sri Lanka rupee weakens on importer dollar demand COLOMBO: The Sri Lankan rupee ended weaker on Friday as importer dollar demand outpaced exporter greenback sales, while dollar sales by state banks prevented a sharp fall, dealers said. The dealers expect the local currency to remain steady for the rest of the year after positive comments by the central bank chief last week. Central bank Governor Ajith Nivard Cabraal said the banking regulator would intervene in the thinly-traded market whenever needed to keep the rupee stable. The rupee ended at 130.22/25 per dollar, compared with Thursday's close of 130.18/24. Dealers said one of the two state banks through which the central bank usually intervenes to stem major declines in the currency, was selling dollars to prevent a sharp fall. "There was importer demand but a state bank sold dollars to selective trades at 130.20," a currency dealer said."In the long term we see the rupee to be stable." Foreign ...

Dollar claws back losses in Asia TOKYO: The dollar edged up in Asian afternoon trade Friday recovering from losses in the morning that were fanned by fears of a possible Russia-Ukraine military conflict and offset upbeat US economic growth data.The greenback rose to 103.82 yen, up from 103.70 yen earlier in the day and 103.75 yen in New York late Thursday.The euro was at 136.74 yen from 136.75 yen, while it bought $1.3171 from $1.3181.The dollar's gains against the yen were ...
Yen edges higher in Asia on Ukraine tensions TOKYO: The yen edged up in Asia Friday as growing fears of a possible Russia-Ukraine military conflict offset upbeat US economic growth data.In Tokyo midday trade, the greenback slipped to 103.70 yen from 103.75 yen in New York late Thursday.The euro dipped to 136.71 yen from 136.75 yen and to $1.3180 from $1.3181.Investors shifted into the yen seen as a safe-haven currency during times of turmoil and uncertainty following reports that more than 1,000 Russian ...
Philippine peso retreats, month-end dollar demand hurts Asia FX SINGAPORE: The Philippine peso turned down after hitting its strongest in more than three weeks on Thursday as most emerging Asian currencies eased on month-end corporate dollar demand.Earlier, the peso rose as much as 0.3 percent to 43.55 per dollar, its strongest since Aug. 5, as better-than-expected economic growth in the second quarter boosted prospects for a further rate hike.The peso reversed direction on month-end dollar demand from local companies while broad weakness in regional ...
Dollar slips in Asia ahead of US data TOKYO: The dollar slipped against other major currencies in Asia on Thursday as investors await revised US second-quarter growth data. In Tokyo afternoon trade, the greenback weakened to 103.73 yen, from 103.86 yen in New York.The euro turned up to $1.3212 from $1.3195, while it bought 137.06 yen against 137.05 yen in US trading.Many investors were sticking to the sidelines ahead of the April-June figures due later in the day, which will give fresh clues ...
Sri Lanka rupee tad firmer in dull trade; seen steady COLOMBO: The Sri Lankan rupee was slightly firmer in dull trade on Thursday as exporter dollar sales outpaced importer demand for the greenback. Dealers expect the local currency to remain steady for the rest of the year after positive comments by the central bank chief last week. Central bank Governor Ajith Nivard Cabraal said the banking regulator would intervene in the thinly-traded market whenever needed to keep the rupee stable. The rupee was trading at ...
China's yuan almost unchanged after moving in narrow range SHANGHAI: China's yuan was barely changed against the dollar on Thursday, moving in a narrow range after the central bank set its daily midpoint rate nearly flat.Traders said the generally flat midpoint fixings of late signalled the PBOC's intention to hold the yuan steady, as growth of the world's second-largest economy appears to be faltering again.On Thursday, the People's Bank of China (PBOC) set the midpoint rate at 6.1638 per dollar prior to market open, ...

 



 
Index Closing Chg%
Arrow DJIA 17,098.45 0.11
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Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln