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The dollar advanced for a third consecutive session on Thursday, bolstered by data showing a much stronger US economy than had been thought and by gains in global equities, which benefited from improving risk sentiment. US data showing falling jobless claims and a faster growth rate than had initially been estimated in the world's largest economy underpinned the dollar. The reports, however, did little to change the view that the Federal Reserve would delay raising interest rates given recent market turmoil and a slowdown in China's economy.

The dollar rebounded for a second straight session on Wednesday as calm returned to financial markets with Wall Street stocks firmer and European shares recouping some losses, all of which reduced the need to buy safe-haven currencies like the yen. China's central bank increased efforts to shore up sentiment, pumping $21.8 billion into the money market, a day after it cut interest rates and relaxed reserve requirements for some large banks.
The yen nursed losses against the dollar on Thursday as gains in Chinese equities helped underpin risk sentiment for now and dampened demand for the safe haven Japanese currency. Comments from an influential Federal Reserve official on Wednesday downplaying prospects of a September interest rate hike helped improve market sentiment. In the currency market, investors reacted by unwinding recent moves that lifted both the yen and the euro.
Sterling fell to a 1-1/2-month low against the dollar on Thursday after data showing the United States grew robustly in the second quarter, boosting a view that US interest rates could rise this year. Investors are still uncertain about when the Bank of England will raise interest rates, given recent volatility in global stock markets. US gross domestic product grew at a 3.7 percent annual pace, the Commerce Department said on Thursday - far faster than the 2.3 percent reported last month. Economists polled by Reuters had projected a revised rate of 3.2 percent.
The yen nursed losses against the dollar on Thursday as calm returned to currency markets with gains in global equities, including a 5 percent jump in Shanghai, underpinning risk sentiment and sapping demand for safe haven currencies. Comments from an influential Federal Reserve official on Wednesday downplaying prospects of a September interest rate hike helped improve sentiment. In the currency market, investors reacted by unwinding recent moves that had lifted both the yen and the euro.
Interbank buy/sell rates for the taka against the dollar on Thursday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (Previous 05.30-06.50 percent).
The Sri Lankan rupee ended steady on Thursday amid importer dollar demand as a state-run bank, through which the central bank usually directs the market, sold the greenback at a flat rate of 134.15. The bank reduced the currency's peg against the dollar by 10 cents on Wednesday, allowing the exchange rate to appreciate to 134.15 after allowing a 75 cent fall on six occasions from August 5 through Tuesday. The rupee ended steady at 134.15 per dollar on Thursday.
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IndexClosingChg%
ArrowDJIA 16,654.77 2.27
ArrowNasdaq 4,812.71 2.45
ArrowS&P 1,987.66 2.43
ArrowFTSE 6,192.03 3.56
ArrowDAX 10,315.62 3.18
ArrowCAC-40 4,658.18 3.49
ArrowNikkei 18,574.44 1.08
ArrowH.Seng 21,838.54 3.60
ArrowSensex 26,231.19 2.01





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln