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Sri Lankan rupee steady despite importer dollar demand COLOMBO: The Sri Lankan rupee traded steady on Wednesday despite importer dollar demand as dealers were reluctant to trade above 130.70 levels due to moral suasion.Dealers said banks were asked to keep the currency at the 130.70 per dollar level through moral suasion, a measure used by the central bank to keep the rupee volatility at low.The spot rupee was flat at 130.70/75 per dollar at 549 GMT. "It looks like the importer dollar demand is picking up," said a currency dealer.Central Bank officials were not immediately available for comments.The local currency has been largely on the rise ahead of the traditional new year, contrary to market expectations.The rupee usually falls in March and early April due to higher import demand ahead of the Sinhala-Tamil new year.Central Bank Governor Ajith Nivard Cabraal said last week the rupee would be stable throughout this year due to increasing inflows from exports and ...

Dollar firms after solid consumer confidence data TOKYO: The dollar firmed against other currencies in Asia on Wednesday, extending gains on data showing US consumer confidence at a six-year high.In Tokyo morning trade the greenback was at 102.34 yen against 102.25 yen in New York Tuesday afternoon.The euro slipped $1.3816 from $1.3825 in US trade while fetching 141.38 yen against 141.36 yen."Gains in the US were supported by a solid consumer confidence reading," National Australia Bank said in a note.The Conference Board's ...
Indonesia raises 461bn rupiah from Islamic bonds, well below target JAKARTA: Indonesia's finance ministry sold 461 billion rupiah ($40.5 million) of Islamic bonds on Tuesday, well below an indicative target of 1.5 trillion rupiah, the ministry's debt office said.The ministry sold 13-year, project-based sukuk with a weighted average yield of 8.75977 percent, higher than 8.73439 percent in the previous auction on March 11. The yield for 29-year project-based sukuk was 9.04616 percent, up from 8.97979 percent. The ministry failed to sell 6-month sukuk T-bill and ...
Euro dips in Asia as analysts warn on Russia TOKYO: The euro weakened in Asia on Tuesday after rallying in New York as analysts warned of downside risks if Western leaders tighten economic sanctions on Russia over the Crimea crisis.The eurozone has strong business links with Moscow and any disruption of crucial oil supplies from Russia could weigh on the single currency, analysts said.In Tokyo afternoon trade, the euro bought $1.3828 and 141.39, against $1.3835 and 141.48 yen on Monday in New York, where ...
Indian rupee surges on hope of political stability MUMBAI: India's currency hit its strongest level in 2014 on Tuesday as hopes grew that a stable and business-friendly government would soon be elected, prompting foreign money to flow into markets.The currency has gained more than two percent since the start of the year to reach 60.51 rupees against the dollar, a position last seen in mid-August last year.The rupee later that month sank to a record low of 68.85 amid a fiscal deficit crisis ...
Sri Lankan rupee edges down on importer dollar demand; stocks up COLOMBO: The Sri Lankan rupee traded slightly weaker on Tuesday due to light importer dollar demand in the absence of state bank intervention to defend the currency, dealers said. The spot rupee was at 130.65/75 per dollar at 0618 GMT, edging down from Monday's close of 130.65/70.Some deals were done at 130.68 per dollar, breaking the psychological barrier of 130.65, which the state banks were defending on behalf of the central bank, dealers said. "There ...
Euro maintains Wall St gains, analysts warn on Russia TOKYO: The euro was flat in Asian trade Tuesday after enjoying a rally in New York but analysts warned of downside risks if Western leaders tighten economic sanctions on Russia over the Crimea crisis.The eurozone has strong business links with Moscow and any disruption of crucial oil supplies from Russia could weigh on the single currency, analysts said.In Tokyo afternoon trade, the euro bought $1.3834 and 141.47, from $1.3835 and 141.48 yen on Monday in ...

 



 
Index Closing Chg%
Arrow DJIA 18,162.99 0.67
Arrow Nasdaq 5,106.59 1.47
Arrow S&P 2,123.48 0.92
Arrow FTSE 7,033.33 1.21
Arrow DAX 11,771.13 1.26
Arrow CAC-40 5,182.53 1.95
Arrow Nikkei 20,472.58 0.17
Arrow H.Seng 28,081.21 0.60
Arrow Sensex 27,564.66 0.12





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln