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Sri Lanka rupee recovers from near 4-month low on banks' dollar sales COLOMBO: The Sri Lankan rupee ended slightly firmer on Wednesday, recovering from the previous day's near four-month closing low on dollar sales by banks to cover short positions in the local currency.The spot currency edged up to 130.28/31 per dollar in early trade but closed at 130.32/35 tad firmer from Tuesday's close of 130.35/38, which was its lowest close since June 3."There were dollar sales by banks in the morning but in the latter half of the day we saw some importer dollar demand. But the rupee still ended stronger," a currency dealer said.The central bank during the trade said it expects the rupee to be stable in the near future."We expect the Sri Lankan rupee to be stable in the coming months," Central Bank Governor Ajith Nivard Cabraal tweeted.Dealers expect the rupee premiums or forward trade to ease due to a possible foreign outflow from government securities after the ...

Indian rupee hits 1-week low on coal ruling, then recovers MUMBAI: The Indian rupee fell to its weakest in nearly a week after the cancellation of coal blocks allocated to companies raised concerns that more coal would be imported, but the currency then recovered to end almost flat for the day on dollar sales from custodian banks.India's top court on Wednesday scrapped all but four of 218 coal blocks allocated by the government over the past two decades, raising concerns that resorting to imports would ...
China's yuan edges up on central bank guidance HONG KONG: China's yuan edged up against the dollar on Wednesday after the central bank set a slightly stronger official guidance rate.The People's Bank of China set the midpoint at 6.1462 per dollar, up 0.01 percent from the previous fix.Spot yuan changed hands at 6.1361 near midday, up 0.03 percent from Monday's close at 6.1378.The yuan traded at a narrow range between 6.1347 and 6.1373 in morning trade.Copyright Reuters, 2014 ...
Yen firmer after Japan PM Abe's remarks; dollar pauses from rally SINGAPORE/TOKYO: The yen edged higher on Wednesday after Japanese Prime Minister Shinzo Abe reportedly voiced concern about the economic impact of the currency's recent weakness. The dollar slipped 0.3 percent on the day to 108.55 yen after Jiji news service quoted Abe as saying he would carefully watch the impact of the yen's recent weakness on Japanese regional economies. The prime minister's comments came in the wake of the yen's slide to a six-year low ...
Yen up in Asia after US-led Syria strikes TOKYO: The yen picked up in Asia on Wednesday as US-led strikes on militants in Syria and a survey showing further weakness in eurozone business activity fanned uncertainty.In Tokyo midday trading, the greenback eased to 108.59 yen from 108.87 yen in New York and off levels above 109 yen seen last week.The euro dipped to 139.62 yen from 139.91 yen in US trade, while it also bought $1.2852 against $1.2850."The yen remains a highly sensitive ...
Indian rupee ends lower as shares slump, caution grows MUMBAI: The Indian rupee fell the most among emerging market peers on Tuesday as shares slumped after weak global manufacturing surveys raised growth concerns, while month-end dollar demand from importers also hurt sentiment for the local unit.Surveys showed French business activity contracted in September, while Germany's manufacturing sector expanded at its slowest pace since June 2013.Meanwhile, a private survey showed China's factory activity edging up in September, though unemployment fell to a 5-1/2-year low.Traders are ...
Sri Lanka rupee ends near 4-month low on importer dollar demand COLOMBO: The Sri Lankan rupee ended slightly weaker on Tuesday at a near four-month low on importer dollar demand after the central bank placed certain curbs on the use of its standing deposit facility to boost credit and economic growth.The central bank before the market opened on Tuesday kept its key policy rates steady, but limited commercial banks' access to its repurchase or standing deposit facility, a move analysts see as an effective rate cut.The ...

 



 
Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13





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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln