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Sri Lanka rupee forwards ease on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Friday as importer dollar demand surpassed inward remittances, while exporters stayed away hoping for further weakening of the currency, dealers said. Four-day forwards, which were actively traded, ended at 132.25/30 per dollar compared with Thursday's close of 132.20/30, dealers said. "There were inward remittances, but importer demand was also seen. There is pressure to depreciate," a dealer said. Rupee forwards were maintained around 132.00 in December as the central bank defended the currency through moral suasion. The spot currency was not traded on Friday. Dealers said unusually high imports towards the end of 2014, amid lower interest rates and a stable exchange rate, pressured the rupee. The spot currency remained between 130.00 and 131.75 rupees throughout 2014, with the central bank defending it at both ends to ensure a stable exchange rate. It fell 0.3 percent for the year, Thomson Reuters data ...

Euro dips against dollar on ECB stimulus expectations SINGAPORE: The euro edged lower against the US dollar in Asia on Friday amid mounting speculation the European Central Bank will start buying sovereign bonds, analysts said. The euro bought $1.2060 in late-morning Singapore trade -- near two-year lows -- from $1.2097 in New York on Wednesday before the New Year break. The single currency meanwhile stood at 145.10 yen, up from 144.87 yen. The dollar was at 120.35 yen compared to 119.76 yen in ...
Sri Lankan rupee forwards end weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Thursday due to mild importer dollar demand and exporters stayed away hoping for further weakening of currency but the central bank capped the fall.Four-day forwards, which were actively traded, ended at 132.20/30 per dollar compared with Wednesday's close of 132.10/20. The central bank capped four-day forwards at 132.20 through "moral suasion", dealers said, referring to intervention to prevent volatility."The trade was mild, but the pressure is there ...
Sri Lankan rupee forwards end weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended slightly weaker on Wednesday due to mild importer dollar demand.The spot currency was maintained between 130.00 and 131.75 rupees throughout the year, with the central bank defending the currency at both ends to ensure a stable exchange rate. It fell 0.3 percent for the year, Thomson Reuters data showed.Four-day forwards, which were actively traded on Wednesday, closed at 132.10/20 per dollar, a tad weaker from Tuesday's 132.05/15."There is importer ...
Ringgit leads Asia FX slide in 2014, another tough year seen  SEOUL: Emerging Asian currencies slid in 2014, led by the Malaysian ringgit, and are expected to remain under pressure next year on expectations the US Federal Reserve will hike interest rates and China's economy will remain sluggish.US dollar strength was a key factor in emerging currency weakness, but other global and regional trends also added to the downward pressure.The ringgit was the worst performer in the region for the year, shedding 6.3 percent against the ...
China's yuan slips in 2014, first major decline since 2005 revaluation SHANGHAI/HONG KONG: China's yuan closed at 6.2040 against the dollar on Wednesday, ending 2014 with its first significant annual loss since the currency's landmark revaluation in 2005.The yuan is under pressure from the greenback's strength in global markets and lingering weakness of emerging market currencies, traders said.The Chinese currency lost over 2.4 percent for the year compared with a gain of 2.8 percent in 2013. It dipped fractionally in 2009.The People's Bank of China (PBOC) ...
Yen rises as investors run to safety SINGAPORE: The yen held on to most of its gains against the dollar and the euro Wednesday as investors sought a safe haven owing to growing concern about Greece's political crisis.The euro bought 145.41 yen in afternoon Singapore trade, compared with 145.20 yen in New York but well down from 146.15 yen in Asia earlier Tuesday. The dollar was at 119.66 yen against 119.45 yen in US trade and 120.42 yen earlier Tuesday in Tokyo.The ...

 



 
Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln