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Sri Lanka rupee forwards end weaker on importer dollar demand COLOMBO: Sri Lanka rupee forwards ended slightly weaker on Friday due to importer dollar demand, while exporters awaited clarity on economic policy from the newly elected government, led by President Maithripala Sirisena.Four-day forwards, which were actively traded, closed down at 132.35/45 per dollar compared with Tuesday's close of 132.25/35.The market was closed for a special holiday on Wednesday in view of Pope Francis' visit to Sri Lanka, while it was shut for a Hindu religious holiday on Thursday."There was importer dollar demand while the exporters awaited to see the policies of the new government," a currency dealer said.Sirisena announced an interim cabinet on Monday and said he would carry out reforms to fight corruption in the 100 days to a parliamentary election.The market is expecting a flexible exchange rate with more foreign grants under Sirisena's rule as opposed to the fixed and controlled exchange rate regime under the previous government.The ...

Euro pinned near 11-year low as SNB move beefs up bets on ECB stimulus SYDNEY/TOKYO: The euro languished just above an 11-year trough on Friday as investors wagered that the Swiss move to abandon its currency cap meant it was almost certain the European Central Bank would launch large-scale bond buying next week.The euro suffered its biggest one-day drop against the Swiss franc in history after the Swiss National Bank (SNB) stunned markets by suddenly abandoning its long-held pledge to cap the franc at 1.20 per euro.Dealers assumed the ...
Singapore dollar edges up as volatility spikes on Swiss shock SINGAPORE: The Singapore dollar edged higher on Friday in a reflection of what analysts said were traders being forced to shift their positions and strategies, after Switzerland's unexpected move to abandon its cap on the franc jolted financial markets.The Singapore dollar rose about 0.2 percent to 1.3238 versus the US dollar, edging away from a four-year low of 1.3419 set last week."Since volatility has risen suddenly, a position unwinding type of move seems to be ...
Euro under pressure after Swiss franc peg yanked TOKYO: The euro was struggling on Friday in Asia after plunging in reaction to Switzerland's surprise decision to remove its currency peg against the unit, sending investors fleeing for safer currencies.Markets were blindsided Thursday when the Swiss National Bank said it would scrap its 1.20 franc link to the euro, which had been in place since the height of the European debt crisis three years ago.The SNB had been defending the exchange rate since September ...
Ringgit gets respite; rupee rises after central bank cuts rate SINGAPORE: The Malaysian ringgit rose on Thursday, getting some respite in the wake of its drop to a near six-year low earlier this week, while the Indian rupee rose after the central bank surprised markets with an early interest rate cut.The ringgit was quoted at 3.5640 versus the dollar, up from Wednesday's low of 3.6020, the lowest since April 2009, according to Reuters data.Stop-loss orders and a drop in the Singapore dollar against the ringgit ...
Yen rally fizzles in Asia TOKYO: The yen dipped in Asian trade Thursday, with a recent rally running out of steam as a surprise uptick in oil prices boosted sentiment.In Tokyo, the dollar rose to 117.71 yen, up from 117.39 yen late in New York, where at one point it hit a low of 116.08 yen."The risk-off sentiment pushed the dollar-yen pair to as low as 116, but that was probably going too far in the short term," Mitsushige Akino, ...
Yen up in Asia on oil fears, euro hit by stimulus talk TOKYO: The yen rose in Asia on Wednesday as plunging oil prices sent jittery investors into safer assets, while the euro was hit by expectations of more stimulus from the European Central Bank (ECB).In Tokyo, the dollar slipped to 116.79 yen, from 117.90 yen in New York and well down from levels above 118 yen in Asia earlier Tuesday.The euro weakened to 137.69 yen from 138.84 yen in US trade while it edged up to ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln