Category: Forex

stock-market

Debt Report: Thin activity in Sri Lanka markets, liquidity surplus dips

Nov 07, 2015 (LBO) – There was thin activity in Sri Lanka’s bond market with foreign remittances balancing importer dollar demand in the currency market. Market eyes are on Fed policy meeting Dec 15-16, with Federal funds futures showing a 79-percent chance the Fed will end seven years of near-zero interest rates and about 50 […]

money

Single party owns 95 pct of govt securities available to foreign investors

Dec 01, 2015 (LBO) – A single foreign party owns 95 percent of Sri Lanka’s government securities available to foreign investors, raising questions about risk-management practices of the Central Bank.Funds of Franklin Templeton held around 290 billion rupees in government securities, out of 304 billion rupees of securities available to foreign investors, according to published […]

central bank of sri lanka

Interest rates unchanged after monetary policy meeting

Nov 24, 2015 (LBO) – Sri Lanka’s Monetary Board held interest rates unchanged after a monthly policy meeting citing low inflation and a lack of necessity to change rates given loose monetary policy in the region. The Standing Deposit Facility Rate (SDFR) was held at 6.00 percent, the Standing Lending Facility Rate (SLFR) at 7.50 […]

Sri Lanka-Markets-Analysts

Poll: Sri Lanka market evenly divided on possible US rate change

Nov 19, 2015 (LBO) – Sri Lanka market participants are evenly divided on whether the U.S. will hike interest rates or not this year, with half the participants polled by Lanka Business Online saying they expect no change. Out of 14 market participants polled by Lanka Business Online, seven said they expect around a 25 […]

Tokyo-Stock-Exchange

Asian stocks open lower with stronger Fed rate hike possibility

Nov 10, 2015 (LBO) – Asian stocks opened lower after global stocks fell on Monday on increased chances of a Fed rate hike this year. Probability that the Fed will hike interest rates this year have increased to 68 percent, from 50 percent a week ago and 39 percent last month, according to market data. […]

stock-market

Some dollars flowing back into emerging market bonds

Nov 03, 2015 (LBO) – Despite a slowdown in China which led to selling of emerging market bonds over the last two years, some investors are getting back in, a media report said. Investors such as Eaton Vance and HSBC Asset Management have added to their exposure to emerging markets. Bonds in local currency from […]

rupee

Sri Lanka’s rupee is way over sold, says technical analyst

Oct 28, 2015 (LBO) -Sri Lanka’s rupee which was floated in September is way over sold and won’t depreciate further, an analyst said. “The LKR has depreciated quite a bit in last 18 months. The effects may already be visible in your exports.But is it going to depreciate further?I don’t think so,” Akshay Chinchalkar, head […]

central bank of sri lanka

Central Bank holds key interest rates unchanged

Oct 20, 2015 (LBO) – Sri Lanka’s Central Bank held key interest rates unchanged on Tuesday after a monthly monetary policy announcement citing low inflation, a decision broadly expected by market participants. A poll by Lanka Business Online of 13 market participants showed 12 expected no change in policy interest rates, while one expected a […]

currency_1

Rupee strengthens to 140.45/65 on expected dollar inflows

Oct 07, 2015 (LBO) – Sri Lanka’s rupee has strengthened on Wednesday with dollar selling by a commercial bank on likely exporter proceeds and expected inflow of dollars, a dealer said. The rupee was quoted against the dollar at 140.45/65 down from 141.00/05. The central bank allowed greater flexibility of the exchange rate from 4th […]

foreign holdings

Analysis: Sri Lanka foreign reserve dilemma hinges on Central Bank objectives

Oct 05, 2015 (LBO) – Acting quicker than it did in early 2012, the decision by Sri Lanka’s Central Bank to give up defending the rupee in September of this year bodes well for a quicker recovery of foreign exchange reserves. But enamored with an additional objective of economic development, that goes beyond financial and […]

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