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Sri Lanka rupee falls as state bank raises dollar peg COLOMBO: The Sri Lankan rupee fell on Monday, declining for a third session in four, as a state-run bank raised the currency's peg against the dollar by 10 cents to allow the exchange rate to depreciate to 134.00, dealers said. They expect the central bank, which has so far this year directed the market through the state-run bank, to let the currency remain weaker after Monday's parliament elections due to importer dollar demand and global trend.Sri Lankans went to the polls on Monday to elect a new parliament in what amounts to a referendum on ex-president Mahinda Rajapaksa's comeback bid, with the reformist alliance that swept him from power seeking a stronger mandate. Analysts said the rupee may fall to 137 levels in the short term if the central bank allows it to depreciate, in line with the weakening seen in other global currencies against the dollar. Dealers said there ...

China strengthens yuan rate against dollar by 0.01pc SHANGHAI: China's central bank on Monday raised the value of the yuan against the US dollar by 0.01 percent, the national foreign exchange market said, after a devaluation last week rocked markets.The daily reference rate was set at 6.3969 yuan to $1.0, slightly stronger than Friday's 6.3975, the China Foreign Exchange Trade System said.Chinese authorities keep a tight grip on the currency and it is only allowed to fluctuate up or down two percent on ...
Dollar gains on September rate hike hopes TOKYO: The dollar rose against the euro and yen on Monday as upbeat US data kept hopes for an interest rate rise as early as next month.In Tokyo, the greenback bought 124.41 yen, up from 124.32 yen in New York on Friday.The euro slipped to $1.1086 and 137.91 yen, from $1.1112 and 138.14 yen in US trading last week.Sentiment got a lift on Friday as solid US industrial production, wholesale prices and July retail sales ...
Malaysian ringgit at 17-year low on oil, politics, yuan KUALA LUMPUR: Malaysia's ringgit currency suffered one of its worst one-day declines on Friday, falling to a fresh 17-year low in a protracted slide blamed on concerns over low oil prices and political uncertainty.The ringgit has declined more than 25 percent over the past year and it weakened another 1.74 percent to 4.0805 to the dollar by late afternoon trading on Friday.It had lost nearly three percent of its value earlier in the day -- ...
Sri Lanka rupee ends weaker for 2nd day as state bank raises dollar peg COLOMBO: The Sri Lankan rupee ended weaker on Thursday for the second straight session as a state-run bank raised the currency's peg against the dollar by 10 cents to allow the exchange rate to depreciate to 133.90, dealers said. Demand for dollars by importers increased after the move while exporters stayed away expecting the currency to depreciate further, dealers said. The rupee ended at 133.90 per dollar, lower than Wednesday's close of 133.80/85. "It's a ...
Asian currencies recover after yuan-cut rout TOKYO: Asian currencies gained Thursday, rebounding from the worst two-day rout in almost 20 years after China reassured markets it would not engage in a currency war. Emerging market currencies including the Indonesian rupiah, Philippine peso and South Korean won rose slightly against the dollar after China Thursday trimmed its yuan reference rate 1.1 percent. The cut, which was smaller than those in the previous two days, and news the central bank intervened to stablise ...
Dollar jumps after China devalues currency again TOKYO: The dollar rose against a range of Asia-Pacific currencies on Wednesday after China cut the value of the yuan against the greenback for a second consecutive day.In Tokyo morning trade, the dollar added to day-earlier gains on the Indonesian rupiah, Indian rupee and South Korean won, and bought 125.21 yen, up from 125.12 yen in New York and 124.89 yen in Asia on Tuesday.The US unit also strengthened against the Australian dollar, which is ...


Index Closing Chg%
Arrow DJIA 16,912.29 0.73
Arrow Nasdaq 4,791.15 0.90
Arrow S&P 1,995.83 0.80
Arrow FTSE 6,336.35 0.16
Arrow DAX 9,970.40 0.68
Arrow CAC-40 4,667.34 0.14
Arrow Nikkei 18,322.98 0.75
Arrow H.Seng 22,515.76 3.13
Arrow Sensex 27,035.85 0.38

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln