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Sri Lanka rupee forwards down on importer dollar demand COLOMBO: Sri Lanka's rupee forwards traded weaker on Wednesday due to importer dollar demand amid outflows from foreign sales in government securities, dealers said, a day after the central bank allowed the spot currency to fall by 0.15 percent.Dealers said lack of greenback conversions by exporters, who are managing their costs locally with cheaper rupee loans in a lower interest rate environment, was weighing on the currency.Actively traded three-month forwards were at 137.50/80 per dollar at 0750 GMT, compared with Tuesday's close of 137.10/40."If the central bank does not get inflows soon, there will be a huge pressure on the rupee. Interest rates are too low and foreigners will see more opportunity to sell their bonds and exit," a currency dealer said on condition of anonymity.The central bank on Tuesday allowed the spot rupee to fall 0.15 percent or 20 cents to 133.90, near its record low of 134.10, hit ...

Sri Lanka rupee spot falls near record low; pressure remains COLOMBO: Sri Lanka's central bank permitted the spot rupee to fall by 20 cents to a near record low on Tuesday but prevented it from falling further amid importer dollar demand while exporters held on to the greenback, dealers said.The central bank allowed the spot rupee to slip 0.15 percent or 20 cents to 133.90, near its record low of 134.10, hit on June 28, 2012, Thomson Reuters data showed.Since the central bank defended the ...
With yen nearing 8-year low, Mrs Watanabe starts buying TOKYO: Japanese day traders, colloquially and collectively known as "Mrs Watanabe", are buying the yen as it nears eight-year lows, suspecting that policymakers would be reluctant to let the currency fall further as it would provoke criticism at home and abroad. Last week, net dollar buying positions on the Tokyo Financial Exchange, Japan's largest margin trading platform, had fallen almost 60 percent from a high hit in January, to stand among the lowest levels seen ...
South Korean won extends fall to 1pc against the dollar SEOUL: The South Korean won dropped by more than 1 percent on the dollar on Tuesday, and was also weighed down by the Japanese yen's fall against the greenback.The dollar continued to benefit from Federal Reserve Chair Janet Yellen's comments last week around the timing of US rate increases.The won was quoted at 1,100.8 against the dollar as of 0540 GMT, after touching a low of 1,101.4, and was on track for its worst daily ...
China's yuan softens on 3-week low midpoint SHANGHAI: China's yuan weakened against the dollars for the second consecutive session on Tuesday after the central bank set the daily guidance rate at a three-week low.The People's Bank of China (PBOC) set the midpoint rate at 6.1172 per dollar prior to market open, 0.01 percent weaker than the previous fix at 6.1165.The spot market opened at 6.2038 per dollar and was changing hands at 6.2040 at midday, 0.03 percent weaker than the previous close.Traders ...
Dollar at 1-month highs, awaits US data for policy cues SYDNEY/TOKYO: The dollar scaled a one-month high against a basket of major currencies on Tuesday, having remained bid after comments from Federal Reserve Chair Janet Yellen reinforced a tightening bias on interest rates.The dollar index last traded at 96.604 after reaching a one-month high of 96.714. It rode the momentum from a surge on Monday when dollar bulls were still cheering Yellen's remarks.Against the yen, the dollar touched a two-month high of 121.79, edging closer ...
Sri Lanka rupee forwards steady as central bank prevents fall COLOMBO: Sri Lankan rupee forwards ended steady on Monday as the central bank prevented any fall in the currency against the dollar via moral suasion despite downward pressures, having already allowed some depreciation earlier during the month.Actively traded three-month forwards ended steady at 136.55/70 per dollar."There is no offer in the market and nobody is chasing dollar purchase because of the central bank's moral suasion," a currency dealer said on condition of anonymity."All the forwards ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln