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Sri Lanka rupee down on importer dollar demand; stocks recover COLOMBO: The Sri Lanka rupee traded weaker on Tuesday due to importer dollar demand, and dealers said downward pressure could remain throughout the year if the US Federal Reserve continues to wind down stimulus. The Fed's January decision to cut its monthly bond buying programme has largely not affected Sri Lanka so far, though some foreign funds have sold a net 3.72 billion rupees ($28.45 million) in stocks in the three sessions through Monday. However, foreign investors bought 15.57 billion rupees ($119.1 million) in the week ended Feb. 5 in government securities, the central bank's latest data showed. The spot rupee was at 130.80/85 per dollar by 0627 GMT, weaker than its Monday's close of 130.75/80. Some dealers said one of the two state banks, through which the central bank directs the market, sold dollars at 130.80 to prevent volatility. "I think the central bank will hold the rupee at ...

Dollar dips, focus on Yellen comments on economy SINGAPORE: The dollar eased against the euro in Asian trade Tuesday as investors cautiously await US Federal Reserve chief Janet Yellen's inaugural testimony to Congress. The euro rose to $1.3657 in Singapore afternoon trade from 1.3642 in New York late Monday. The dollar however rose to 102.34 Japanese yen from 102.18 yen. The euro bought 139.87 yen from 139.46 yen.Japanese financial markets are closed Tuesday for a public holiday.French bank Credit Agricole said markets were ...
Yuan steady, appreciation expectations linger despite emerging market worries SHANGHAI: China's yuan barely moved against the dollar on Tuesday as lingering expectations of moderate but steady appreciation this year offset fears of further volatility in emerging markets.Spot yuan stood at 6.0596 per dollar by midday, almost unchanged from 6.0593 at Monday's close, indicating a balance of demand and supply in the domestic market, traders said.The market reopened last Friday after a week-long Chinese Lunar New Year holiday, and trade has resumed gradually.The yuan has ...
South Korea won edges lower as investors await Yellen testimony SEOUL: The South Korean won edged lower in early domestic trade on Tuesday, as some investors opted to cash out from the currency's recent gains ahead of US Federal Reserve chief Janet Yellen's congressional testimony.The local currency was quoted at 1,072.8 against the dollar as of 0230 GMT, compared with Monday's domestic closing level of 1,071.2.Investors will closely watch Yellen's remarks in Washington later in the global day for hints on the central bank's next ...
Dollar dips, focus on Yellen comments on economy SINGAPORE: The dollar eased against the euro and yen in Asian trade Tuesday as investors cautiously await US Federal Reserve chief Janet Yellen's inaugural testimony to Congress. The euro rose to $1.3667 in Singapore mid-morning trade from 1.3642 in New York late Monday. The dollar also eased to 102.15 Japanese yen from 102.18 yen. The euro bought 139.64 yen from 139.46 yen.Japanese financial markets are closed Tuesday for a public holiday. French bank Credit Agricole ...
Dollar mixed in Asia after US jobs report TOKYO: The dollar inched up in Asia Monday after a disappointing US jobs report fuelled questions about the pace of the Federal Reserve's stimulus taper.The greenback rose slightly to 102.34 yen in afternoon Tokyo trade, from 102.30 yen in New York Friday.The euro weakened to $1.3624 and 139.48 yen, from $1.3637 and 139.52 yen.Data Friday showed the US economy added 113,000 jobs last month, well below expectations of 175,000 although the unemployment rate slipped to ...
Yuan rises on resurgent client demand, firmer mid-point SHANGHAI: China's yuan rose slightly on Monday after the People's Bank of China (PBOC) lifted the official mid-point guidance rate, with dealers reporting rebounding client demand as markets get back into swing after the Lunar New Year holiday.Chinese financial markets opened for a single day on Friday following a one-week break, but trading volumes were tepid thanks to extended vacations, traders said.Spot yuan was trading at 6.0605 per dollar at midday, up from 6.0634 at ...

 



 
Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53





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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln