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Sri Lanka rupee steady at 10 month low, bank seen buying dollars COLOMBO: The Sri Lankan rupee held steady on Friday around its 10-month closing low, with importer dollar demand from a state-run bank offset by dollar sales from exporters.The rupee was quoted at 131.65/70 at 0538 GMT, little changed from Thursday's close of 131.65/75, its lowest finish since Sept. 19."A state bank has been buying dollars and the demand for dollars was offset by usual exporter (dollar) sales," said a currency dealer.Dealers said rupee liquidity was tight and the central bank pumped 3 billion rupees ($22.79 million) into the market through a reverse repo auction at 8.28 percent.The rupee has fallen around 4 percent since June 7, with foreign investors pulling out of Sri Lanka's treasury bonds due to a rise in US treasury yields on expectations of a scaling back by the Federal Reserve of its stimulus programme.Dealers expect the rupee to move in the range of 131.50 to 132.00 ...

Indian rupee gains on govt advisor comments MUMBAI: India's rupee firmed against the dollar on Friday, a day after a government advisor said steps were being taken to boost growth and reduce the high current account deficit.The rupee -- the worst performing currency this year among major Asian nations -- rose to 58.66 against the dollar on Friday morning, up from its lifetime low of 61.21 hit earlier this month.India's chief economic advisor Raghuram Rajan told media Thursday that the government was ...
China's yuan edges higher, upside seen limited HONG KONG: The Chinese yuan edged higher against the dollar on Friday after the central bank set a stronger midpoint, but dealers said room for further appreciation might be limited given worries about the outlook for China's economy.Spot yuan changed hands at 6.1332 per dollar at midday, slightly firmer than Thursday's close 6.1347.The yuan rallied strongly in April and May, but since then concerns about how much the world's second-largest economy is slowing has seen ...
Dollar near five-week low, Japan stocks tumble TOKYO: Tokyo shares fell sharply on Friday on the back of a stronger yen and the dollar languished at a five-week low against a basket of currencies as investors waited for clarity on US stimulus at the Federal Reserve's policy meeting next week.A Wall Street Journal report that the Fed may debate changing its forward guidance to help ram home its message that it will keep interest rates low for a long time to come ...
Indian rupee hits 5-week peak, but off highs on importer dollar demand MUMBAI: The Indian rupee strengthened to a five-week high on Thursday as the central bank's measures to drain liquidity started to show impact, although demand for the greenback from importers towards late trade meant the unit closed just marginally stronger.The rupee has now gained for a second session following the Reserve Bank of India's additional cash draining measures on Tuesday, after its initial steps on July 15 to defend the rupee had failed to have ...
Dollar weakens in Asia after housing data boost TOKYO: The dollar weakened on the yen and euro in Asia Thursday after getting a boost from upbeat US housing figures, while the European single currency was mixed following a rare piece of good news for the eurozone economy.In afternoon Tokyo trading, the greenback slipped to 99.87 yen from 100.26 yen in New York late Wednesday, while the euro eased to 132.13 yen from 132.34 yen.The single currency slightly rose to $1.3213 from $1.3199 yen.Driving ...
Sri Lanka rupee firmer on liquidity shortage COLOMBO: The Sri Lankan rupee edged up for a second straight session on Wednesday, helped by bank dollar sales to cover tight rupee liquidity despite demand for the greenback from importers and foreigners, who have been selling treasury bonds, dealers said.The rupee was quoted at 131.48/55 at 0519 GMT, up from Tuesday's close of 131.60/65. It hit a 10-month low of 131.60/70 on Friday."The rupee is firmer as banks are selling dollars due to rupee ...

 



 
Index Closing Chg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln