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Sri Lankan rupee weaker on imports; suspected central bank move caps fall COLOMBO: The Sri Lankan rupee ended weaker on Friday due to dollar demand from importers and banks, while dealers said the central bank's moral suasion capped the local currency at 130.40 and forwards picked up as a result. The spot currency was quoted at 130.40/50 per dollar. Dealers said the spot rupee did not trade above 130.40 as banks were reluctant to trade beyond this level due to moral suasion by the central bank. The rupee had closed 130.35/45 on Thursday. However, the three-day forwards or spot next, which was actively traded in the absence of spot trade, ended at 130.50/60 per dollar, down from Thursday's close of 130.41/43, dealers said. "There is huge pressure on the rupee, but due to moral suasion the spot did not move beyond 130.40 and forwards picked up," said a currency dealer asking not to be named. A bond trader said there was some ...

Yen rises on global economy worries TOKYO: The yen picked up strength in Asia on Friday as dealers sought out safer bets after poor German data and an IMF warning of possible eurozone recession exacerbated concerns about the global economy.The dollar, which touched a six-year high above 110 yen last week, slipped to 107.79 yen from 107.84 yen in New York. The euro fetched 136.86 yen against 136.87 yen in US trade and well down from the 137.70 yen earlier Thursday ...
Yen rises on global economy worries TOKYO: The yen picked up strength in Asia on Friday as dealers sought out safer bets after poor German data and an IMF warning of possible eurozone recession exacerbated concerns about the global economy.The dollar, which touched a six-year high above 110 yen last week, slipped to 107.80 yen from 107.84 yen in New York. The euro fetched 136.84 yen against 136.87 yen in US trade and well down from the 137.70 yen earlier Thursday ...
Sri Lankan rupee falls slightly on dollar demand from foreign bond sellers COLOMBO: The Sri Lankan rupee ended a tad weaker on Thursday due to dollar demand from foreign bond sellers and importers, dealers said.The spot currency ended at 130.35/45 per dollar compared with Tuesday's close of 130.32/36. Both the stock and foreign exchange markets were closed on Wednesday for a Buddhist religious holiday.Currency dealers and a bond trader said there was demand for dollars from foreign investors for selling bonds but in thin volumes.Treasury Secretary P.B. ...
India rupee sees biggest single-day gain in nearly 2 months MUMBAI: The Indian rupee posted its biggest single-day gain in nearly two months on Thursday, after hitting the highest level in more than two weeks after the U.S. Federal Reserve's September policy meeting minutes suggested it was in no hurry to raise interest rates.The dollar fell to a three-week low against the yen, as investors cut favourable bets after minutes of the Federal Reserve's last meeting prompted many to push out expectations for the likely ...
Ringgit near 3 week high ahead of budget, Asia FX up on dovish Fed SEOUL: The Malaysian ringgit hit a near three-week high on Thursday ahead of the country's budget for 2015, leading gains in emerging Asian currencies as minutes from the US Federal Reserve's latest policy meeting eased concerns that it may raise interest rates more quickly than expectedThe ringgit rose as high as 3.2310 per dollar, its strongest since Sept. 22, ahead of the country's 2015 budget announcement on Friday.Investors are hoping the government will follow up ...
Sri Lankan rupee tad weaker on foreign bond sales, imports COLOMBO: The Sri Lankan rupee traded weaker on Thursday due to dollar demand from foreign bond sellers and importers, dealers said.The spot currency traded at 130.40/45 per dollar at 0643 GMT down compared with Tuesday's close of 130.32/36. Both the stock and foreign exchange markets were closed on Wednesday for a Buddhist religious holiday. "Rupee is weaker on bond sales. There were some bond sales," said a currency dealer asking not to be named. A ...

 



 
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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
WeeklyOctober 20, 2014
Reserves $13.436 bln