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Sri Lankan rupee hits record low on importer dollar demand COLOMBO: The Sri Lankan rupee touched an all-time low of 140.00 per dollar on Monday due to importer dollar demand, although it later regained some of the losses after a state bank sold dollars to arrest the fall, dealers said. The spot rupee fell 0.5 percent to 140.00 per dollar earlier in the day, from Friday's close of 139.30/50. The previous record low of 139.30 was hit on Friday. However, the state bank sold some dollars at 140.00, which dealers said was received by the market as the direction from the central bank to support the currency. The rupee closed at 139.85/95 on Monday. "Still we see pressure from importer side," a currency dealer said asking not to be named. "We still see a weaker rupee and it is likely to fall further." Another currency dealer confirmed that the rupee touched a fresh trough of 140.00 per dollar before the ...

Dollar broadly weaker in Asian trade TOKYO: The dollar broadly weakened against its Asian peers on Monday, fuelled by persistent worries over China's economy ahead of a crucial US interest rate decision later this week.Nervous traders moved into safer assets, pushing up the Japanese currency to 120.30 yen against the dollar, compared with 120.57 yen Friday in New York.The yen is considered a safe bet in times of turmoil.The euro was at 136.55 yen compared with 136.64 yen, and rose to ...
Sri Lankan rupee hits record low on importer dollar demand COLOMBO: The Sri Lankan rupee fell 0.25 percent on Friday, hitting a record low as late importer dollar demand outpaced greenback conversions from exporters, dealers said. The rupee is expected to fall further in the short term if the central bank fails to tighten interest rates or the country does not see strong inflows soon, some dealers said. The spot rupee ended at 139.30/50 per dollar surpassing its pervious all-time low of 139.00 hit on ...
South Korea won rises, tracking Chinese yuan; shares lose ground SEOUL: The South Korean won joined most its regional peers in strengthening against the dollar on Friday, led by the Chinese yuan.Market reaction was largely muted following the Bank of Korea's decision to hold interest rates steady and remarks from its governor.The won closed local trade up 0.8 percent to 1,184.5 per dollar. The won also climbed 0.8 percent for the week.On the stock market, Seoul shares ended down 1.1 percent to 1,941.37 points on ...
Dollar broadly lower as traders move to riskier currencies TOKYO: A broadly upbeat mood across Asian markets helped boost higher-risk currencies Friday, although analysts said traders were on edge ahead of a possible US interest rate hike next week.The upbeat mood comes at the end of a week of high global volatility caused by the Chinese economic crisis and uncertainty about the Federal Reserve's rate plans.The yen, considered a safe bet in times of turmoil, retreated, with speculation growing that the Bank of Japan ...
Yen picks up as tumbling equity markets hurt sentiment TOKYO: The yen picked up in Asian currency trading Thursday as traders moved into safer assets after regional equity markets retreated and investors look to next week's Federal Reserve policy meeting.In Tokyo, the dollar edged lower to 120.48 yen from 120.54 yen in New York, after moving above the 121 yen level earlier Wednesday.The euro was slightly weaker at 135.03 yen against 135.05 yen, while it ticked up to $1.1208 from $1.1205.Investors tend to buy ...
Yen sold as sentiment picks up on equity market surge TOKYO: Currency traders sold the yen Wednesday as they moved into riskier assets on a wave of surging global equity markets, with a range of emerging market units getting a boost.In Tokyo, the greenback strengthened to 120.59 yen from 119.82 in New York, while the euro rose to 134.97 yen against 134.22 yen. Investors tend to buy Japan's currency as a safe-haven during times or turmoil or uncertainty.Meanwhile, the Australian dollar recovered from six-year lows ...


Index Closing Chg%
Arrow DJIA 17,081.89 0.29
Arrow Nasdaq 4,796.61 0.87
Arrow S&P 2,003.69 0.68
Arrow FTSE 6,342.28 0.45
Arrow DAX 10,032.82 0.86
Arrow CAC-40 4,643.38 0.97
Arrow Nikkei 18,234.74 1.11
Arrow H.Seng 22,600.46 0.57
Arrow Sensex 26,846.53 0.21

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln