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Sri Lanka rupee ends firmer on exporter dollar sales, remittances COLOMBO: The Sri Lankan rupee ended firmer on Monday, recovering from the previous session's near-7-week low as remittances and dollar sales by exporters helped boost the local currency amid a lack of importer demand for the greenback, dealers said.The rupee ended at 130.27/29 per dollar, compared to Friday's close of 130.29/31, its lowest close since July 21."The (importer) demand which we have seen last few days is not there and we have seen some exporter (dollar) conversions and remittances," said a currency dealer, asking not to be named.Dealers said there has been a pick-up in imports ahead of the 2015 budget scheduled for November, but they expect the rupee to appreciate in the long term.The central bank will absorb the proceeds of National Savings Bank's (NSB) $250-million bond sale, an official at the banking regulator said on Wednesday.Foreign investors bought a net 3.2 billion rupees ($24.57 million) worth of government ...

Ringgit leads Asia FX losses on China economic woes, Fed caution SINGAPORE: Emerging Asian currencies fell on Monday, led by the Malaysian ringgit, as disappointing China data sparked concerns of a sharp slowdown in the world's second-largest economy amid worry that US interest rates might rise earlier than expected.The ringgit shed as much as 1.0 percent to 3.2300 per dollar, its weakest since June 25, as some offshore hedge funds sold the Malaysian currency, traders said.Economists are evenly split over whether Malaysia's central bank will raise ...
Sri Lanka rupee firmer on exporter dollar sales, remittances; stocks slip COLOMBO: The Sri Lankan rupee traded firmer on Monday, recovering from the previous session's near-7-week low as remittances and dollar sales by exporters helped boost the local currency amid a lack of importer demand for the greenback, dealers said. The rupee was traded at 130.26/30 per dollar at 0615 GMT, compared to Friday's close of 130.29/31, its lowest close since July 21. "The (importer) demand which we have seen last few days is not there," ...
Dollar steady ahead of US Federal Reserve meeting SINGAPORE: The US dollar was steady in Asia Monday on speculation that the Federal Reserve will bring forward its timetable to raise interest rates, analysts said, while fears over Scotland's independence vote pressured the pound.The dollar stood at 107.26 yen in afternoon Singapore trade, down slightly from 107.31 yen in New York late Friday but still at levels not seen since September 2008.The euro was at $1.2958 from $1.2964, while slipping to 138.99 yen from ...
South Korean won hits 5 month low on Fed rate bet SEOUL: The South Korean won fell to a fresh 5-month low on Monday as speculators added long dollar bets amid growing signs that the US Federal Reserve will raise interest rates sooner than expected.The won fell to 1,041.8 to the dollar at its trough early in the session, its weakest level since April 22.The local currency was trading at 1,038.9 against the greenback as of 0220 GMT.Views that the Bank of Korea will set off ...
China's yuan falls vs dollar on weaker-than-expected factory data SHANGHAI: China's yuan weakened against the dollar on Monday as growth fears deepened after the release of China's factory output data over the weekend, offsetting a firmer midpoint set by the central bank.China's factory output grew at the weakest pace in nearly six years in August while growth in other key sectors also cooled.The People's Bank of China (PBOC) set the midpoint rate at 6.1452 per dollar prior to market open, up 0.03 percent from ...
US dollar steady ahead of US Federal Reserve meeting SINGAPORE: The US dollar was steady in Asia Monday on speculation that the US Federal Reserve will bring forward its timetable to raise interest rates, analysts said, while fears over Scotland's independence vote pressured the pound.The US dollar stood at 107.26 yen in mid-morning Singapore, down slightly from 107.31 yen in New York late Friday but still at levels not seen since September 2008. The euro stood at $1.2967 from $1.2964, while slipping to 139.08 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln