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Sri Lanka rupee steady; seen falling COLOMBO: The Sri Lankan rupee ended little changed on Monday as dollar selling by banks to cover short positions offset late importer demand for the greenback, dealers said.President Mahinda Rajapaksa, who is also the finance minister and is seeking an unprecedented third six-year term, unveiled the 2015 budget on Friday that trims value-added taxes and cuts deficit, while providing a range of handouts, mainly for rural communities.The spot currency ended at 130.85/90 per dollar compared with Friday's close of 130.85/95. It was largely untraded last week on the central bank's moral suasion."Importer dollar demand was seen in the latter part of the day," a currency dealer said.Dealers said the rupee will face downward pressure because lower rates and a stable exchange rate maintained by the central bank would encourage more imports in the medium term."But if investments in industries take place after the tax incentives in the budget, it will ...

India rupee ends little changed; sentiment stays positive MUMBAI: The Indian rupee closed little changed on Monday as improved sentiment from upbeat U.S. data and smaller-than-feared capital shortfalls at European banks were offset by weaker local shares and caution about recent gains in the domestic currency.All eyes are now the Federal Reserve meeting ending on Wednesday. The U.S. central bank is expected to end its government bond purchases, while giving accompanying assurances that it will respond if a global downturn threatens the U.S. ...
Dollar index to approach resistance at 87.155 SINGAPORE: The dollar index may approach a resistance at 87.155 this week, as it has found a strong support at 84.392.The resistance and support are provided respectively by the 76.4 percent and the 61.8 percent Fibonacci projection levels of an upward wave (3) or wave C that started at the May 8, 2014 low of 78.906. Both of these waves are capable of travelling to 91.622, the 100 percent projection level.The correction from the Oct. ...
Sri Lanka rupee firmer on bank dollar sales; seen falling COLOMBO: The Sri Lankan rupee traded a tad firmer on Monday as banks sold dollars to cover short positions, but the market expects downward pressure on the currency due to rising imports in a steady exchange rate regime.President Mahinda Rajapaksa, also the finance minister, who is set to seek an unprecedented third six-year term, unveiled a 2015 budget on Friday that trims VAT and cuts deficit while providing a range of handouts, mainly for rural ...
Euro comes safely through ECB stress test, Aussie up TOKYO: The euro held firm on Monday after the European Central Bank's stress tests found smaller capital shortfalls among European banks than expected, lending a tailwind to the recovery in risk sentiment over the past week.Twenty-five out of the euro zone's 130 top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the ECB said on Sunday.Painting a brighter picture than had been expected, the ECB ...
Euro rises on relief over ECB health test TOKYO: The euro firmed against other major currencies in Asia on Monday after the European Central Bank gave a large majority of banks in the region a clean bill of health.The common currency rose to $1.2690 and 137.06 yen in Tokyo morning trade from $1.2666 and 136.97 yen in New York Friday afternoon.The dollar slipped against the yen ahead of the Federal Reserve's two-day policy meeting starting on Tuesday.The dollar was at 108.02 yen from ...
New York Ebola case pares Asia FX weekly gains SINGAPORE: Most emerging Asian currencies eased on Friday, paring some of their weekly gains, as risk sentiment weakened after a doctor in New York tested positive for Ebola, the first case in America's largest city.South Korea's won slid for the day as investors took profits from the best performing emerging Asian currency of the week.The won recovered most of its earlier losses on expectation of inflows after Korea Electronic Power Corp launched on Thursday an ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln