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Sri Lanka rupee forwards weaker on importer dollar demand; central bank caps fall COLOMBO: The Sri Lanka rupee forwards ended weaker on Friday due to importer dollar demand, while the central bank's moral suasion prevented a further fall in the local currency, dealers said. The central bank governor said on Friday the rupee currency was in an appreciation trend and the monetary authority would manage any volatility through intervention. However, dealers said the local currency was under downward pressure as imports continue to rise in a stable exchange rate regime and low interest rate environment. The spot currency ended at 130.95/131.10 per dollar compared with Thursday's close of 130.95/131.05.Dealers said banks traded the spot at 130.95 as the central bank defended at that level through moral suasion. Three-day forwards, or spot-next, also capped at 131.10, closed at 131.10/12 per dollar compared with Thursday's close of 131.00/12. Dealers said the central bank's capping of the spot-next forced banks to trade in four-day forwards, ended ...

Yen mixed in Asia with focus on Japan GDP data TOKYO: The yen was mixed in Asia on Friday as investors eye third-quarter Japanese growth figures next week while speculation swirls of a delay to a controversial sales tax hike and a possible snap election next month.In Tokyo, the greenback hovered around seven-year highs at 116.20 yen, up from 115.75 yen on Thursday in New York, while the euro slipped to 144.37 yen from 144.42 yen.The European single currency also weakened to $1.2443 against $1.2476.Forex ...
Yen weak in Asia with focus on Japan GDP data TOKYO: The yen struggled in Asia on Friday as investors eye third-quarter Japanese growth figures next week while speculation speculation swirls of a delay to a controversial sales tax hike and a possible snap election next month.In Tokyo, the greenback hovered around seven-year highs at 116.04 yen, up from 115.75 yen on Thursday in New York, while the euro climbed to 144.53 yen from 144.42 yen.The European single currency weakened to $1.2454 against $1.2476.Forex markets ...
Sri Lanka rupee edges down despite dollar sales by banks COLOMBO: The Sri Lanka rupee ended slightly weaker on Thursday as importer dollar demand outpaced greenback sales by banks, despite the central bank's moral suasion to prevent a fall in the local currency, dealers said.The local currency is under pressure as imports continue to rise in a stable exchange rate regime and low interest-rate environment, said traders.The spot currency ended at 130.95/131.05 per dollar, weaker from Wednesday's close of 130.90/131.10. Dealers said banks traded the ...
Indian rupee see-saws; state-bank dollar buying, weak shares hurt MUMBAI: The Indian rupee continued its see-sawing trend and weakened marginally on Thursday as losses in domestic shares weighed despite the sharply lower-than-expected retail inflation print for October.India's economic outlook brightened on Wednesday with a surprise pick-up in industrial output and further cooling in consumer prices, data showed, boosting Prime Minister Narendra Modi's bid to end the longest slowdown in growth in decades.Dealers said state-run banks were spotted buying the greenback on a sustained basis ...
China's yuan nearly flat after APEC summit SHANGHAI: China's yuan barely moved against the dollar on Thursday as investors turn cautious after the conclusion of the APEC summit earlier this week, traders said.China typically keeps its currency steady or lets it appreciate moderately during major political events to deflect criticism that Beijing holds down the value of the yuan to bosst its export power.Spot yuan traded at 6.1270 per dollar by midday, almost unchanged from the close on Wednesday when it touched ...
Won eases as central bank chief remains concerned over weak yen SINGAPORE: South Korea's won slid on Thursday as the central bank chief repeated concerns over the impact on the local economy of the yen's weakness, given that the Japanese currency is sliding again.Earlier, the Bank of Korea unanimously voted to leave its policy interest rate unchanged at 2.00 percent, which helped the won recover losses.But the relief did not last long as the yen weakened amid the dollar's strength against major currencies, especially the Australian ...

 



 
Index Closing Chg%
Arrow DJIA 17,719.00 0.19
Arrow Nasdaq 4,701.87 0.56
Arrow S&P 2,052.75 0.20
Arrow FTSE 6,678.90 0.26
Arrow DAX 9,483.97 0.12
Arrow CAC-40 4,234.21 0.75
Arrow Nikkei 17,300.86 0.07
Arrow H.Seng 23,349.64 0.10
Arrow Sensex 28,067.56 0.12






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