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Sri Lanka rupee forwards end steady COLOMBO: Sri Lankan rupee forwards ended steady on Monday as the central bank's moral suasion defended the local currency despite importer dollar demand, dealers said.Actively traded two-month forwards ended at 135.35/50 per dollar compared with Friday's close of 135.35/40. One-month forwards ended steady at 134.50/60 per dollar as the central bank prevented a sharp fall."There are import bills, but moral suasion prevented the fall," said a currency dealer asking not to be named.The central bank allowed the spot to appreciate to 133.30 on Friday, but dealers said the spot rupee did not trade on the day as the banking regulator used moral suasion to prevent deals below 133.30.The central bank has been preventing high volatility and sharp movements in the currency through moral suasion since December. Central bank officials were not available for comment.The central bank let the spot currency rise 10 cents on Friday after allowing it to trade ...

Dollar rebounds after sinking on weak US data TOKYO: The dollar picked up on Monday after taking a hit from weak US data last week that had fuelled speculation a Federal Reserve rate hike would be delayed.The US unit rose to 119.63 yen in Tokyo afternoon trade from 119.41 yen in New York late Friday. The euro slipped to $1.1434 from $1.1446 while firming to 136.76 yen from 136.67 yen.Another batch of disappointing US data Friday weighed on the greenback as they added ...
Sri Lankan rupee 2-month forwards close higher on dollar inflows COLOMBO: Sri Lankan rupee two-month forwards closed slightly firmer on Thursday due to dollar inflows, dealers said, but the market expected the currency to be under pressure due to persistent demand for the greenback from importers.Actively-traded two-month forwards ended at 135.50/65 per dollar, firmer from Wednesday's close of 135.65/75."There were inflows into both local and foreign banks," a currency dealer said on condition of anonymity.One-month forwards closed steady at 134.70/90 per dollar.Dealers said the central ...
Euro strengthens as eurozone growth picks up TOKYO: The euro ticked up Thursday on the back of an improving eurozone economy, while a disappointing US retail sales report put pressure on the dollar. Despite upbeat European growth, however, debt-saddled Greece confirmed that its economy had slipped back into recession, with no end in sight to tense bailout reform talks with its international creditors.In Tokyo, the euro bought $1.1367 and 135.41 yen against $1.1354 and 135.29 yen in New York, and well up ...
Euro ticks up despite Greek debt worries TOKYO: The euro rose Wednesday on cautious hopes for the eurozone economy, even as Greece admitted that it raided an emergency account to pay off an IMF loan, aggravating concerns about Athens' finances.In Tokyo, the European single currency strengthened to $1.1250 and 134.96 yen from $1.1213 and 134.44 yen in New York.The dollar edged up to 119.96 yen from 119.90 yen.An improving eurozone inflation picture suggested the European Central Bank may wrap up a quantitative ...
Euro turns up as Greek bailout talks drag on TOKYO: The euro rallied Tuesday after turning down following a eurozone finance ministers' meeting that failed to reach an agreement on debt-wracked Greece's bailout reform.Athens managed to garner enough money to repay the International Monetary Fund 750 million euros and avoid a default, keeping it from tumbling out of the eurozone for now.But analysts warned over euro weakness as Athens faces another cash crunch in a matter of weeks.In Tokyo afternoon trading, the euro rose ...
Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended slightly weaker on Monday due to importer dollar demand, though the central bank's moral suasion capped the fall, dealers said.The market expects the downward pressure on the currency to remain due to lower interest rates and rising importer dollar demand, dealers said.Actively traded two-month forwards ended at 135.65/75 per dollar weaker from Friday's close of 135.55/60. One-month forwards were also steady at 134.70/90 per dollar as the central bank ...

 



 
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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