LBO Home IndoChina | About Us | To Advertise | Contact Us rss LBO Mobil rss rss rss rss rss
Wed, 30 July 2014 09:55:57
Sri Lanka rupee stronger after opening
17 Feb, 2012 10:55:21
Feb 17, 2012 (LBO) - Sri Lanka's rupee was quoted around 118.30/50 against the US dollar in mid morning trade, up from opening and stocks rose nearly 2.0 percent before easing back, dealers and brokers said.
The rupee opened around 118.80/119.20 and strengthened against the US dollar as the currency moved to consolidate towards a free float.

The Central Bank stopped intervention in forex markets last Thursday.

In bond markets a 01.02.2014 bond was quoted around 11.00/25 percent, and a 15.07.2015 bond was quoted around 11.25/40 percent.

Once a free float of the currency establishes itself, interest rates will start to ease, analysts say.

Stocks rose as much 2.0 percent in thin trade before easing back.

.
Your Comment
Your Name/Handle
Your Email (Your email will not be displayed)
Location
Country
Your Email
Receivers Email
Your Comment