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Sri Lankan rupee 2-month forwards close higher on dollar inflows COLOMBO: Sri Lankan rupee two-month forwards closed slightly firmer on Thursday due to dollar inflows, dealers said, but the market expected the currency to be under pressure due to persistent demand for the greenback from importers.Actively-traded two-month forwards ended at 135.50/65 per dollar, firmer from Wednesday's close of 135.65/75."There were inflows into both local and foreign banks," a currency dealer said on condition of anonymity.One-month forwards closed steady at 134.70/90 per dollar.Dealers said the central bank used moral suasion to defend the rupee forwards at preset levels.Central bank officials were not available for comment.The central bank on Wednesday allowed the spot to appreciate 10 cents to 133.40 from Tuesday's level of 133.50.Dealers said the domestic currency still faced pressure from rising imports and growth in credit.They said the spot rupee did not trade on the day as the banking regulator used moral suasion to prevent deals below 133.40.Since April 30, ...

Euro strengthens as eurozone growth picks up TOKYO: The euro ticked up Thursday on the back of an improving eurozone economy, while a disappointing US retail sales report put pressure on the dollar. Despite upbeat European growth, however, debt-saddled Greece confirmed that its economy had slipped back into recession, with no end in sight to tense bailout reform talks with its international creditors.In Tokyo, the euro bought $1.1367 and 135.41 yen against $1.1354 and 135.29 yen in New York, and well up ...
Euro ticks up despite Greek debt worries TOKYO: The euro rose Wednesday on cautious hopes for the eurozone economy, even as Greece admitted that it raided an emergency account to pay off an IMF loan, aggravating concerns about Athens' finances.In Tokyo, the European single currency strengthened to $1.1250 and 134.96 yen from $1.1213 and 134.44 yen in New York.The dollar edged up to 119.96 yen from 119.90 yen.An improving eurozone inflation picture suggested the European Central Bank may wrap up a quantitative ...
Euro turns up as Greek bailout talks drag on TOKYO: The euro rallied Tuesday after turning down following a eurozone finance ministers' meeting that failed to reach an agreement on debt-wracked Greece's bailout reform.Athens managed to garner enough money to repay the International Monetary Fund 750 million euros and avoid a default, keeping it from tumbling out of the eurozone for now.But analysts warned over euro weakness as Athens faces another cash crunch in a matter of weeks.In Tokyo afternoon trading, the euro rose ...
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 ...
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 ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln