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Sri Lanka rupee falls to near 1-year low COLOMBO: The Sri Lankan rupee fell to a near one-year low against the dollar on Monday due to importer demand for the greenback amid renewed selling of government bonds by foreign investors.The market expects the rupee to depreciate further with exporters holding onto dollars and foreign investors gradually exiting treasury bonds.Dealers said banks switched to one-day currency forwards in an inactive spot market.The spot rupee fell to 132.80 per dollar, its lowest since Sept. 14, Thomson Reuters data showed. It had closed at 132.50 on Friday.The spot next or one-day forward closed at 132.80/90 per dollar, compared with Friday's close of 132.75/85."Demand (for dollars) continued. The spot next is weaker on importer dollar demand but the demand from foreign bond holders is also there," a dealer said.The rupee fell around 4 percent between June 7 and July 18, after foreign investors started pulling out of Sri Lanka's treasury bonds due ...

China's yuan at 1-week high as economy seen turning a corner HONG KONG: China's yuan rose to a one-week high on Monday as a stronger fixing and signs that the economy is stabilising fuelled a rebound in capital flows towards Chinese assets.The renminbi has proved to be a beneficiary from growing worries about the ability of some Asian policymakers to defend their currencies in the face of spreading aversion towards emerging market assets, particularly towards countries which have deteriorating economic fundamentals.It briefly rose to 6.1176 per ...
Emerging Asia currencies up after poor US data TOKYO: Currencies continued their will-they-won't-they dance over the Federal Reserve stimulus drawdown in Asian trade Monday after poor US new-home data offered some support to emerging market units.The Indian rupee, which tumbled to a record low of 65.56 to the dollar last week, fetched 64.23 to the dollar in Tokyo morning trade against 64.45 Friday afternoon.The Indonesian rupiah edged up to 10,770 from 10,963.Against the yen, the greenback slipped to 98.51 from 98.71 yen in ...
Indian rupee, bonds weaken at open; further falls expected MUMBAI: The Indian rupee weakened in opening trade on Monday, tracking a lower rupee in the non-deliverable forward markets, while bond yields also edged up on back of the currency's fall, traders said.Traders expect the rupee to drop further due to month-end dollar demand from importers likely later in session.The partially convertible rupee was trading at 63.82/84 per dollar at 9:08 a.m. (0338 GMT) compared with its Friday close of 63.20/21. The one-month offshore NDF ...
Australia, NZ dollars struggle against short-selling pressure SYDNEY/WELLINGTON: The Australian and New Zealand dollars struggled to make headway on Monday, having proved indifferent to surprisingly weak US economic data and signs of stabilisation in emerging market currencies.On a trade-weighted basis, the Aussie languished near three-year lows, with speculators slightly adding to their bets against the commodity currency.Data from the Commodity Futures Trading Commission showed contracts in Australian net short positions increased to 63,200 the week ending Aug. 20 as the market still ...
India forex reserves tad up at $278.807bn MUMBAI: India's foreign exchange reserves were a tad up at $278.807 billion as of Aug. 16, compared with $278.602 billion in the earlier week, the Reserve Bank of India said on Friday.Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves, the RBI said in its weekly statistical supplement.Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund (IMF).Copyright ...
Sri Lanka rupee slips to near 1-year low on foreign bond sales COLOMBO: The Sri Lankan rupee fell to a fresh 11-1/2-month low against the dollar on Friday on renewed selling of government bonds by foreign investors, dealers said .The customary importer demand for dollars were also cited by dealers as a factor keeping the rupee under the cosh.They said banks had to trade in the short-term forward market in the absence of an active spot-dollar market as the central bank is discouraging state banks from trading ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln