Category: Money
Sri Lankan rupee steady; importer dollar demand offsets exporter sales
Oct 14, 2016 (Reuters) – The Sri Lankan rupee traded steady on Friday for a second straight session as dollar demand from importers offset exporter sales of the U.S. currency in the absence of central bank intervention, dealers said. The spot rupee was steady at 146.90/95 per dollar at 0546 GMT. Rupee forwards were not […]
Sri Lankan rupee steady; exporter dollar sales offset bank buying
Oct 13, 2016 (Reuters) – The Sri Lankan rupee traded steady on Thursday as two state banks bought dollars sold by exporters, in the absence of any intervention by the central bank, dealers said. The spot rupee, which was active on Thursday, was steady at 146.90/95 per dollar at 0733 GMT. The spot rupee is […]
Sri Lankan rupee edges up on exporter dollar sales; shares down
Oct 12, 2016 (Reuters) – The Sri Lankan rupee edged up on Wednesday as dollar selling by exporters outpaced importer demand for the greenback ahead of the festive season in December, while moral suasion by the central bank prevented the local currency from falling, dealers said. The spot rupee was quoted at 146.85 per dollar […]
Sri Lankan rupee edges up on dollar selling by exporters
Oct 11, 2016 (Reuters) – The Sri Lankan rupee edged up on Tuesday, recovering after three straight sessions of losses on dollar selling by exporters, with moral suasion by the central bank preventing the currency from falling, dealers said. The rupee is, however, expected to face pressure due to demand for dollars by importers ahead […]
Sri Lanka’s Central Bank says leaked report on Perpetual not final
Oct 10, 2016 (LBO) – Sri Lanka’s Central Bank on Monday said a complaint has been made to law enforcement authorities to inquire into the unauthorized release of a draft report on Perpetual Treasuries. There have been media coverage regarding a report related to the examination of Perpetual Treasuries conducted by the Central Bank as […]
Sri Lankan rupee down on seasonal imports; seen under pressure
Oct 10, 2016 (Reuters) – The Sri Lankan rupee fell on Monday due to seasonal importer dollar demand ahead of the festive season in December, dealers said. The local currency would be under downward pressure due to continued importer demand until the end of the year, they added. The spot rupee was quoted at 146.85 […]
Sri Lanka foreign reserves drops USD154mn in Sept: Central Bank
Oct 08, 2016 (LBO) – Sri Lanka’s official reserves dropped 153.8 million US dollars to 6.5 billion dollars in September, down from 6.6 billion dollars at the end of August, official Central Bank data showed. Foreign currency reserves were 5.4 billion US dollars, and reserves in Gold were 0.95 billion US dollars. The Central Bank’s […]
Sri Lankan rupee falls slightly on importer dollar demand
Oct 06, 2016 (Reuters) – The Sri Lankan rupee edged down on Thursday due to importer dollar demand in the absence of central bank intervention, and the market expects the local currency to be under pressure due to seasonal demand from importers until the year-end, dealers said. The spot rupee was at 146.80/90 per dollar […]
Sri Lankan rupee edges down on importer dollar demand
Oct 05, 2016 (Reuters) – The Sri Lankan rupee edged down on Wednesday on mild importer dollar demand amid market expectation that the currency will remain under downward pressure ahead of the festival season, dealers said. The spot rupee was at 146.80/85 per dollar at 0732 GMT, compared with Tuesday’s close of 146.70/75. “The importer […]
No 100 percent tax waivers given to Beer Company: Finance Ministry
Oct 04, 2016 (LBO) – Sri Lanka’s Finance Ministry says there is no truth that a beer manufacturing company has been given concessions for imports which would result in a revenue loss of 6 billion rupees to the state. In a statement the ministry said a beer manufacturing company in the country which was fully […]
Sri Lankan shares hit 5-week high; rupee edges up
Oct 03, 2016 (Reuters) – Sri Lankan shares edged up on Monday, hitting their highest in five weeks, led by blue chips as hopes of some improvement in macroeconomic fundamentals boosted investor sentiment, dealers said. Sri Lankan shares were headed for a fifth straight session of gains, with the benchmark Colombo stock index rising 0.41 percent […]
Sri Lankan rupee edges up as tight liquidity prompts dollar sales
Sept 30, 2016 (Reuters) – The Sri Lankan rupee traded slightly firmer on Friday, after four straight sessions of losses, as tight rupee liquidity triggered dollar sales by some banks, dealers said. The spot rupee was at 146.75/90 per dollar at 0556 GMT, compared with Thursday’s close of 146.90/147.00. The rupee has fallen 0.58 percent […]