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Sri Lankan spot rupee up as state bank lowers dollar selling rate COLOMBO: The Sri Lankan rupee traded firmer on Thursday as a state-run bank, through which the central bank usually directs the market, sold dollars at 133.60, 10 cents lower from the previous session's close, dealers said.The rupee traded at 133.60 per dollar, up from Tuesday's close of 133.70. Both currency and stock markets were closed for a holiday on Wednesday."The state bank sold dollars at a reduced price of 133.60," a currency dealer said."There is no big importer demand. But whether the central bank could sustain this appreciation trend is questionable because import demand could pick up due to lower interest rates."Some dealers say the pressure on the rupee could build up again as exporters might stop selling dollars until the elections are over.President Maithripala Sirisena dissolved parliament on Friday and scheduled the election for Aug. 17, in an effort to consolidate power and push through political reforms, ending a ...

Euro ticks higher ahead of Greek debt referendum TOKYO: The euro ticked higher in Asia on Thursday as an upbeat US jobs report boosted sentiment while investors look to this weekend's referendum on Greece's bailout.The single currency bought $1.1072 and 136.59 yen in Tokyo trade, up from $1.1053 and 136.12 yen in New York late Wednesday.The dollar was at 123.37 yen against 123.15 yen and well up from the 122.48 yen in Tokyo earlier Wednesday.A gauge of US manufacturing activity for June came ...
Euro holds steady after Greece defaults TOKYO: The euro held steady in Asia on Wednesday as traders shrugged off the widely expected default by Greece, with focus now turning to the weekend's referendum, which could determine the country's eurozone future.The single currency bought $1.1136 and 136.44 yen in Tokyo trade compared with $1.1139 and 136.38 yen in New York late Tuesday.The dollar was at 122.48 yen against 122.44 yen. Athens missed Tuesday's deadline to repay the International Monetary Fund, making it ...
Sri Lankan spot rupee steady; forwards weaker on dollar short supply COLOMBO: The Sri Lankan rupee was steady in dull trade on Monday as a state-run bank, through which the central bank usually directs the market, sold dollars at 133.70, but the supply of greenbacks did not meet demand by importers, dealers said."The spot is steady as the state bank is selling at 133.70, but the demand (for dollars) is seen as the supply is low," said a currency dealer asking not to be named."With the ...
Euro eases amid Greece debt talks stand-off TOKYO: The euro lost ground against the dollar and the yen in Asian trade Friday after hopes for a Greek debt deal began to recede.Greece's emergency negotiations with its creditors -- the European Union and the International Monetary Fund -- ended abruptly Thursday, pushing the crisis toward a critical weekend meeting in a bid to avoid a default by Athens and its potential exit from the eurozone.Talks will resume on Saturday, just days before the ...
Sri Lankan rupee trades steady on state bank dollar selling COLOMBO: The Sri Lankan rupee was steady in dull trade on Friday as a state-run bank sold dollars at 133.70, dealers said, unchanged from the spot currency's Thursday close, its highest since May 25.A state-owned bank, through which the central bank usually directs the market, sold dollars at 133.70, keeping the currency steady, dealers said.Depreciation pressure on the currency eased after Finance Minister Ravi Karunanayake said on Tuesday the spot would climb 3 percent to ...
Japan consumer prices up 0.1pc year-on-year in May; govt TOKYO: Japanese consumer prices grew a tepid 0.1 percent year-on-year in May while household spending rose for the first time in more than a year, official data showed Friday.Core inflation, excluding volatile fresh food prices, beat market expectations for zero growth but was still well short of the Bank of Japan's 2.0 percent target.Lower fuel prices and other energy costs helped curb inflation, data from the internal affairs ministry showed. Analysts say the central bank ...


Index Closing Chg%
Arrow DJIA 16,374.76 0.14
Arrow Nasdaq 4,733.50 0.35
Arrow S&P 1,951.13 0.12
Arrow FTSE 6,194.10 1.82
Arrow DAX 10,317.84 2.68
Arrow CAC-40 4,653.79 2.17
Arrow Nikkei 18,182.39 0.48
Arrow H.Seng 20,934.94 1.18
Arrow Sensex 25,764.78 1.22

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln