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Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended slightly weaker on Monday due to importer dollar demand, though the central bank's moral suasion capped the fall, dealers said.The market expects the downward pressure on the currency to remain due to lower interest rates and rising importer dollar demand, dealers said.Actively traded two-month forwards ended at 135.65/75 per dollar weaker from Friday's close of 135.55/60. One-month forwards were also steady at 134.70/90 per dollar as the central bank defended their levels through moral suasion, dealers said."Importers' demand is putting pressure on the rupee. The moral suasion is holding the rupee and it will be under pressure due to rise in imports in a lower interest rate regime," said a currency dealer who did not want to be named.However, Finance Minister Ravi Karunanayake rejected the claim of downward pressure on the currency."We don't see any pressure. There is usual administration of the rupee. We ...

Euro turns down ahead of Greece debt meeting TOKYO: The euro slipped in Asia on Monday ahead of a crucial eurozone meeting that Greece hopes will pave the way for a long-awaited bailout deal, while the dollar picked up on a strong US jobs report.In Tokyo, the single currency bought $1.1154 and 133.74 yen, down from $1.1208 and 134.25 yen in New York on Friday.The dollar changed hands at 119.90 yen, against 119.77 yen in US trade.The euro was under pressure as investors ...
Sri Lankan rupee forwards fall slightly on importer dollar demand COLOMBO: Sri Lankan rupee forwards closed slightly weaker on Friday as importer dollar demand outpaced selling of the greenback by exporters and banks, while the local currency was expected to face pressure amid lower interest rates, dealers said. Actively traded two-month forwards ended at 135.55/60 per dollar, compared with Thursday's close of 135.25/40. One-month forwards ended steady at 134.70/90 per dollar as the central bank defended their levels through moral suasion, dealers said. "There was ...
Dollar ticks up after drop on weak jobs data TOKYO: The dollar picked up Thursday after tumbling on weak US jobs data and a warning from Federal Reserve Chair Janet Yellen that stock markets were at risk of overheating.In Tokyo midday trading, the greenback fetched 119.55 yen, up from 119.44 yen in New York.The euro was mixed at $1.1342 and 135.60 yen, compared with $1.1348 and 135.54 yen in US trade, as traders keep a close eye on tense Greek bailout talks.Fresh US data ...
Vietnam devalues dong to boost growth HANOI: Vietnam's central bank said Thursday it would devalue the dong currency for the second time this year in a bid to boost exports and drive the economy forward.The State Bank of Vietnam (SBV) will devalue the reference rate by one percent to 21,673 Vietnamese dong per dollar to "cope with adverse impacts of international markets", it said in a statement.The dong was last devalued by one percent in January. The second devaluation of the ...
Sri Lankan rupee forwards steady on central bank moral suasion amid imports COLOMBO: Sri Lankan rupee forwards ended steady in dull trade on Tuesday as the central bank's moral suasion kept the local currency unchanged despite importer dollar demand, while dealers expect the rupee to remain under pressure on lower interest rates. The central bank on Thursday allowed the spot rupee to fall for the first time in two months. The stock and foreign exchange markets were closed on Friday for May Day and on Monday for ...
Dollar up in Asian trade SINGAPORE: The dollar rose in Asian trade Tuesday on fresh expectations the US central bank may raise interest rates in the second half of the year, analysts said.The euro bought $1.1141 in late-morning Singapore trade from $1.1146 in New York late Monday, while the dollar climbed to 120.15 yen from 120.14 yen.Against the Japanese currency, the euro was changing hands at 133.86 yen from 133.92.Trading however was thin as the Japanese market was closed for ...

 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,630.47 0.33
Arrow DAX 11,099.35 0.73
Arrow CAC-40 4,835.56 0.98
Arrow Nikkei 20,522.50 0.95
Arrow H.Seng 26,282.32 0.12
Arrow Sensex 27,945.80 0.27





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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 01, 2015
Reserves $18.5 bln