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Sri Lanka rupee erases early gains, ends steady COLOMBO: The Sri Lankan rupee ended steady on Wednesday erasing early gains as late importer dollar demand offset exporter greenback sales while 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 last week the banking regulator would intervene in the thinly-traded market whenever needed to keep the rupee stable.The rupee ended at 130.20/22 per dollar, unchanged from Tuesday's close."Importer (dollar demand) came in the latter part of the day," a currency dealer said.Foreign investors bought a net 1.81 billion rupees ($13.9 million) worth of government securities in the week ended Aug. 20, official data showed.The People's Bank of China on Monday said it would allow the central bank of Sri Lanka to invest in the country's interbank bond market.Sri Lanka's central bank in a statement said the agreement with ...

Indian rupee ends flat, but hopes high about foreign flows MUMBAI: The Indian rupee ended steady on Wednesday as optimism over continued foreign investments in domestic markets was offset by caution ahead of key indicators this week, including economic growth data.Expectations of further monetary stimulus in the euro zone have boosted emerging market assets by raising hopes of continued foreign purchases, although some of those gains are being offset by the dollar's rise against major currencies.Foreign institutional investors have bought a net $29.79 billion in ...
ECB easing talk lifts Asia FX; South Korea intervention spotted SINGAPORE: Most emerging Asian currencies rose on Wednesday with the South Korean won at a seven-week high as regional shares climbed to their highest in almost seven years on growing speculation of more stimulus by the European Central Bank.The won, however, pared some of its earlier gains after hitting 1,013.7 per dollar, its strongest since July 10, as traders said the foreign exchange authorities were spotted intervening to stem its appreciation.The suspected intervention came as ...
Sri Lanka rupee firmer on exporter dollar sales COLOMBO: The Sri Lankan rupee was a tad firmer on Wednesday as exporter dollar sales outpaced importer demand for the greenback while 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 last week the banking regulator would intervene in the thinly-traded market whenever needed to keep the rupee stable.The rupee was trading at ...
Euro weak as dollar stays firm on US confidence TOKYO: The euro sat around its lowest levels against the dollar in nearly a year in Asia on Wednesday, with investors betting on fresh easing measures from the European Central Bank while the greenback was boosted by upbeat US data.The single currency slipped to $1.3151 in Tokyo morning trade -- down from $1.3169 in New York Tuesday and the lowest level since September -- before edging back up to $1.3660. It also slipped to 136.89 ...
China's yuan firms against dollar, supported by bullish view SHANGHAI: China's yuan rose against the dollar for a third straight day on Wednesday bolstered by bullish sentiment on the currency, with technical buying helping to offset the flat midpoint fixing.The People's Bank of China set the midpoint rate at 6.1658 per dollar prior to market open, only 0.01 percent stronger from the previous fix. The spot rate is currently allowed to trade 2 percent above or below the midpoint.The spot market opened at 6.1505 ...
Euro weak as dollar stays firm on US confidence TOKYO: The euro sat around its lowest levels against the dollar in nearly a year in Asia on Wednesday, with investors betting on fresh easing measures from the European Central Bank while the greenback was boosted by upbeat US data.The single currency slipped to $1.3151 in Tokyo morning trade -- down from $1.3169 in New York Tuesday and the lowest level since September -- before edging back up to $1.3663. It also slipped to 136.93 ...

 



 
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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