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Sri Lankan rupee forwards steady on central bank moral suasion COLOMBO: Sri Lankan rupee forwards traded steady on Wednesday despite importer dollar demand due to moral suasion from the central bank, dealers said. However, the local currency was under pressure as imports continue to rise in a stable exchange rate regime and a low interest rate environment, they said. The rupee will likely remain weak due to rising seasonal imports, at least through November and then start to inch up in December on remittances, they added. The spot currency was steady at 131.00/10 per dollar at 06.34 GMT compared with Tuesday's close. Dealers said the central bank defended the local currency at 131.00. Central bank officials were not immediately available for comments.Three-day forwards, or spot-next, which were capped at 131.12, traded steady at 131.12/15 per dollar compared with Tuesday's close. Four-day forwards, which were actively traded, were capped at 131.25 after they traded stronger at 131.35, dealers said. They were ...

Yen weakens after BoJ meeting TOKYO: The yen slipped in Asia Wednesday after the Bank of Japan wrapped up a meeting with policymakers trimming their inflation expectations but holding off fresh easing, despite the economy slipping into recession.In Tokyo, the dollar rose to a fresh seven-year high of 117.40 yen after the announcement, up from 116.83 yen in New York.The euro also strengthened to 146.94 yen against 146.47 yen, while it edged down to $1.2516 from $1.2537 in US trade.The ...
Yen slips in wake of Japan's decision to delay sales tax rise SINGAPORE: The yen hit a fresh seven-year low versus the dollar on Wednesday, staying on the defensive after Japanese Prime Minister Shinzo Abe decision to postpone a sales tax rise was read as supportive of risk sentiment. The dollar rose to as high as 117.31 yen, its highest level since October 2007. The dollar last traded at 117.21 yen, up 0.3 percent on the day. The yen showed limited reaction after the BoJ kept policy ...
South Korean won falls to fresh 14 month low on yen weakness; shares lower SEOUL: The South Korean won fell to a fresh 14-month low on Wednesday, pressured by the yen slumping to a 7-year low against the dollar.The won was quoted at 1,103.2 to the dollar as of 0205 GMT, just off a session low of 1,104.6 which was the lowest level since Sept. 2, 2013.The local currency has fallen nearly 3 percent this month, squeezed by divergent directions between the increasingly hawkish U.S Federal Reserve and recession-hit ...
Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Tuesday on importer dollar demand, though moral suasion from the central bank prevented a steep decline in the local currency, dealers said.Dealers said the rupee was under pressure as imports continue to rise in a stable exchange rate regime and a low interest rate environment.The rupee will likely remain weak due to rising seasonal imports, at least through November and then start to inch up in December ...
Rupiah hits 2-week high as central bank meets after fuel price hike; Asia FX down SINGAPORE: Indonesia's rupiah touched a two-week high on Tuesday with some expectations that its central bank may raise interest rates a day after President Joko Widodo announced a long-awaited increase in subsidised fuel prices.The government is expected to save up to 140 trillion rupiah ($11.5 billion) next year after the fuel price hike, Finance Minister Bambang Brodjonegoro said.The increases of more than 30 percent is also seen helping bring down both the fiscal and current ...
Indian rupee ends little changed on EU, Japan stimulus hopes MUMBAI: The Indian rupee ended little changed on Tuesday after earlier hitting a one-month low as oil companies accelerated dollar purchases, offsetting optimism that new stimulus measures in Japan would continue to push foreign investors into emerging markets.European shares rose and bond yields fell on Tuesday on strong German investor sentiment data and hopes that a possible snap election in Japan might lead to more economic stimulus measures.Any measures by Japan to stimulate its economy ...

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
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Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17






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