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Sri Lanka rupee ends firmer; seen stable for 2014 COLOMBO: The Sri Lankan rupee rose against the dollar on Friday as exporter dollar sales outpaced late importer demand, while dealers expect the currency to be stable throughout the year after the central bank chief's comments. The rupee closed at 130.18/20 per dollar, slightly stronger than Thursday's close of 130.19/22. "There was late importer dollar demand. But the rupee is firmer on inflows and the appreciating trend is intact," a currency dealer said on condition of anonymity. Central bank Governor Ajith Nivard Cabraal said at a foreign correspondents forum on Wednesday that it would intervene in the market to keep the rupee stable.Cabraal said Sri Lanka's foreign exchange market was thin and the intervention was mainly because the central bank did not want the market to get disturbed with a single transaction, "whether an inflow or outflow". Dealers said the two state banks, through which the central bank usually intervenes ...

China's yuan set for biggest weekly loss in two months HONG KONG: China's yuan is set to post its biggest weekly loss in two months on Friday thanks to a resurgent dollar and cooling expectations about the economy's outlook after recent data.Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday.After a hopeful bounce in June, spurred in large part by government stimulus, China's economic growth appears to be ...
Rupiah near 1-month high on court election verdict; Asia FX up SINGAPORE: The rupiah hit a near one-month high on Friday after Indonesia's highest court unanimously upheld last month's presidential election result and as most emerging Asian currencies gained as a US dollar rally lost steam.The rupiah rose as much as 0.4 percent to 11,635 per dollar, its strongest since July 25.The Constitutional Court on Thursday rejected a last-ditch attempt by losing presidential candidate Prabowo Subianto to overturn the election result, paving the way for Joko ...
Sri Lanka rupee firmer; seen stable on central bank intervention COLOMBO: The Sri Lankan rupee rose against the dollar on Friday due to exporter dollar sales and the absence of buying from importers, and dealers expect the currency to be stable throughout the year after the central bank chief's comments. The rupee was traded at 130.16/19 per dollar at 0553 GMT, slightly stronger than Thursday's close of 130.19/22. There was not much demand from importers and the rupee's appreciating trend was intact, a currency dealer ...
Dollar inches down ahead of Yellen speech TOKYO: The dollar inched down in Asia Friday as investors awaited a speech by the US Federal Reserve chief for any hint at when the bank will start raising interest rates.The US unit was changing hands at 103.71 yen in Tokyo afternoon, compared with 103.85 yen in New York Thursday afternoon.The euro was mixed, buying $1.3287 and 137.81 yen against $1.3280 and 137.91 yen in US trade."It is likely to remain very, very quiet today, ...
Dollar holds up ahead of Yellen speech TOKYO: The dollar maintained its strength in Asia Friday as investors awaited a speech by the US Federal Reserve chief for any hint at when the bank will start raising interest rates.The US unit was changing hands at 103.90 yen in Tokyo late morning trade, compared with 103.85 yen in New York Thursday afternoon.The euro was mixed, buying $1.3276 and 137.95 yen against $1.3280 and 137.91 yen in US trade."It is likely to remain very, ...
Sri Lanka rupee steady in sluggish trade after central bank chief comments COLOMBO: The Sri Lankan rupee traded steady on Thursday in dull trade, a day after the central bank governor said short-term interest rates seem to be bottoming out while there is little scope for long-term lending rates to come down.The rupee was trading at 130.20/23 per dollar at 0821 GMT, little changed from Wednesday's close of 130.19/23."There was no move in the rupee, but the bonds were active after the governor's comments," a currency dealer ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln