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Sri Lanka rupee steady on central bank intervention; importer dollar demand weighs COLOMBO: The Sri Lankan rupee was steady on Friday as banks were reluctant to trade below the central bank's desired level despite importer dollar demand, dealers said. Traders said the local currency may face pressure as imports continue to rise in a stable exchange rate regime. The spot currency was flat at 130.90/131.00 per dollar at 0640 GMT. Dealers said they were reluctant to trade the spot below 130.90 due to moral suasion by the central bank at five cents below Wednesday's level of 130.85. Both the stock and rupee markets were closed for a Buddhist holiday on Thursday.Three-day forwards, or spot next, which are actively traded because of moral suasion on the spot rupee, were steady at 131.00/05 per dollar. Dealers said the central bank capped the spot next at 131.00. "There is importer demand for dollars," a dealer said on condition of anonymity. "The spot is not allowed ...

South Korean won falls, holds near 14-month low; shares edge up SEOUL: The South Korean won fell for a seventh-straight session on Friday, hovering just above a 14-month low on broad strength in the dollar thanks to expectations of a positive showing in U.S jobs data later in the day. The won was quoted at 1,093.7 to the dollar at the conclusion of onshore trade, compared to Thursday's closing rate of 1,083.8, having fallen 2.3 percent for the week. Earlier On Friday, Bank of Korea Gov. ...
Indonesia's forex reserves rise to $112bn end-Oct JAKARTA: Indonesia's foreign exchange reserves rose to $111.97 billion by the end of October from $111.2 billion the previous month, Bank Indonesia said on Friday. Foreign reserves were supported by portfolio inflows, central bank deputy governor Perry Warjiyo said. The rupiah strengthened 0.37 percent during October against the dollar and closed at 12,080 per dollar. The rupiah traded at 12,170 against the dollar on Friday. Warjiyo expects even stronger inflows after the government decides on ...
Euro struggles in Asia after fall on ECB chief comments TOKYO: The euro struggled to recover against the dollar in Asia Friday after hitting a more than two-year low in New York as the head of the European Central Bank said he was prepared to unveil more measures to kickstart the eurozone economy.In Tokyo, the single currency fetched $1.2373 against $1.2371 in New York, where it fell below $1.24 for the first time since August 2012. It was also at 142.79 yen from 142.47 yen ...
Euro ticks up in Asia after fall on ECB chief comments TOKYO: The euro struggled to recover against the dollar in Asia Friday after hitting a more than two-year low in New York as the head of the European Central Bank said he was prepared to unveil more measures to kickstart the eurozone economy.In Tokyo, the single currency fetched $1.2378 against $1.2371 in New York, where it fell below $1.24 for the first time since August 2012. It was also at 142.63 yen from 142.47 yen ...
Won dips on currency war fears despite Asia FX rebound SINGAPORE: South Korea's won hit a 14-month low on Thursday after a top official said the country will manage the currency to make it move in line with the weakening yen, while most other emerging Asian currencies rebounded on the dollar's slide.The won lost as much as 1.2 percent to 1,096.8 per dollar, its weakest since Sept. 6, 2013, after Vice Finance Minister Joo Hyung-hwan made the comments, reported by the financial news arm of ...
Dollar rally slips in Asia afternoon trade TOKYO: The dollar's surge against the yen lost steam in Asian afternoon trading on Thursday, after it hit a fresh seven-year high above 115 yen following upbeat US jobs data and a Republican sweep in US midterm elections.In Tokyo, the greenback fell back to 114.33 yen, weakening from 114.69 yen in New York and 115.49 yen earlier Thursday, a level last seen in 2007."Today's decline is a natural retreat following the (dollar's) quick and significant ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln