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Sri Lanka rupee edges up on remittance inflow COLOMBO: The Sri Lankan rupee rose on Monday as inward remittances and dollar sales by exporters outpaced importer demand for the greenback, but further gains were capped by dollar-buying from state banks, dealers said.The rupee ended at 130.15/16 per dollar, slightly firmer than Friday's close of 130.16/19. It had hit a two-week low of 130.26 per dollar on Wednesday.One of the two state banks through which the central bank usually intervenes in the market bought dollars at 130.15, 1 cent below Friday's rate, to prevent any sharp gains and excessive volatility, dealers said.Despite a sluggish trading in the local currency, the bond market was very active, dealers said."There is a correction in the yields of local bonds as most bond yields fell last week on the expectation of a possible rate cut on Friday. People are scared of huge liquidity in the market and worried about the lack of demand ...

Sri Lanka rupee edges up on remittance inflow COLOMBO: The Sri Lankan rupee rose against the US currency on Monday as inward remittances and dollar sales by exporters outpaced importer demand for the greenback even as state banks prevented any further appreciation, dealers said. The rupee was trading at 130.15/17 per dollar, slightly firmer than Friday's close of 130.16/19. It had hit a two-week low of 130.26 per dollar on Wednesday. One of the two state banks through which the central bank usually ...
Dollar starts week under pressure, markets eye Jackson Hole TOKYO/SYDNEY: The dollar edged down against a basket of currencies on Monday, as US Treasury yields wallowed close to 16-month lows and made the greenback less attractive. Sterling rose after the Bank of England indicated that UK interest rates may have to rise even before wage growth recovers, backtracking from earlier comments that prompted markets to push out the risk of a rate hike. But the US dollar, euro and yen were little changed from ...
South Korean won hits 5-week high, shares fall slightly SEOUL: The South Korean won hit a 5-week intraday high on Monday, as exporters sold dollars after stock markets around the world showed resilience to the latest tensions in Ukraine. The won ended local trade at 1,017.6 per dollar after hitting a session high of 1,015.5, its strongest since July 11, compared with Thursday's domestic close of 1,021.2. South Korean financial markets were closed on Friday for a public holiday. In contrast, Seoul shares fell ...
Yen ticks up in Asia amid Ukraine tensions TOKYO: The yen ticked up in Asia Monday as investors nervously watched the latest developments in the Ukraine crisis, while looking to a speech by the US Federal Reserve chief later this week.In Tokyo afternoon trading, the dollar slipped to 102.32 yen from 102.34 yen in New York Friday.The euro weakened to 137.05 yen from 137.11 yen, while it also slipped to $1.3393 from $1.3397.Traders moved into the yen -- a safe-haven currency during times ...
China yuan's steadies at 5-month highs after stronger fix HONG KONG: China's yuan held at five-month highs on Monday after the central bank signaled it was comfortable with the currency's recent gains by setting the daily midpoint stronger against the dollar. The yuan's recent rally has wiped out more than half of the 3.3 percent of losses for the currency earlier this year when the monetary authorities engineered an unexpected depreciation to deter speculative bets on the currency's one-sided rise.The People's Bank of China ...
South Korean won sets 5-week high, shares hit by profit-taking SEOUL: The South Korean won rose to a 5-week high on dollar selling by exporters after Wall Street's recovery from tensions in Ukraine boosted buyer interest in riskier assets.The won was quoted at 1,017.7 per dollar at 0248 GMT after rising as high as 1,016.9 per dollar, its strongest since touching 1,015.1 on July 11, compared with Thursday's domestic close of 1,021.2.South Korean financial markets were closed on Friday for a public holiday."Exporters were leading ...

 



 
Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29





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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