Category: Money
Sri Lankan rupee edge down ahead of bond auction
Sept 29, 2016 (Reuters) – The Sri Lankan rupee edged down on Thursday ahead of a bond auction as investors bought the local currency to buy bonds, and as importer demand for dollars exceeded greenback sales by exporters, dealers said. The spot rupee was trading at 146.75/85 per dollar, compared with Wednesday’s close of 146.62/70. […]
Sri Lankan rupee weaker on importer dollar demand
Sept 27, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Tuesday as seasonal demand for dollar from importers exceeded sales by exporters and banks, dealers said. The spot rupee traded at 146.45/55 per dollar, compared with Monday’s close of 146.35/45. The spot-next forwards were at 146.56/60 per dollar, edging down from Monday’s close of […]
POLL: CB to stand pat this wk, assessing impact of previous hikes
Sept 26, 2016 (Reuters) – Sri Lanka’s central bank is expected to keep its key interest rates steady on Wednesday, after cutting three times since December to fend off pressure on the fragile rupee currency and curb accelerating credit growth that has pushed up inflation. All 13 economists surveyed in a Reuters poll expect the central bank to keep its […]
Sri Lankan rupee down on importer dollar demand; forwards active
Sept 21, 2016 (Reuters) – The Sri Lankan rupee fell on Wednesday on importer dollar demand, while currency forwards were actively traded in the absence of the spot rupee trading, dealers said, a day after the central bank’s moral suasion capped the rupee’s fall. Traders were unwilling to trade the spot rupee below 146.00 , […]
Sri Lankan rupee edges up on state bank dollar sales
Sept 20, 2016 (Reuters) – The Sri Lankan rupee gained slightly on Tuesday as a state bank sold dollars after the local currency fell due to importer greenback demand, with traders unwilling to trade the rupee below the level desired by the central bank, dealers said. The spot rupee was at 145.80/146.00 per dollar at 0638 […]
Central Bank to introduce repo transactions on electronic platform
Sept 19, 2016 (LBO) – Sri Lanka’s Central Bank is considering introducing the repurchase and reverse repurchase transactions to the Bloomberg electronic bond trading platform. All primary dealers had joined this platform for government securities secondary market transactions starting from August, while commercial banks joined the platform from 15th September 2016. “All stakeholders have now […]
Sri Lankan rupee weaker on importer dollar demand
Sept 14, 2016 (Reuters) – The Sri Lankan rupee edged down on Wednesday as importer dollar demand surpassed mild exporter sales of the U.S. currency, dealers said. At 0608 GMT, the spot rupee was at 145.42/50 per dollar, slightly weaker from Tuesday’s close of 145.38/43. One-week forwards were at 145.65/75, compared with the previous day’s […]
Sri Lankan rupee trades weaker on importer dollar demand; stocks rise
Sept 13, 2016 (Reuters) – The Sri Lankan rupee edged down on Tuesday as importer dollar demand surpassed mild selling of the U.S. currency by exporters, dealers said. The spot rupee was trading at 145.40/50 per dollar, down from Friday’s close of 145.25/35 as of 0700 GMT. One-week forwards were at 145.55/65, compared with the […]
Sri Lanka foreign reserves up USD125mn in August: Central Bank
Sept 12, 2016 (LBO) – Sri Lanka’s official reserves rose 124.7 million US dollars to 6.6 billion dollars in August, up from 6.5 billion dollars end of July, official Central Bank data showed. Foreign currency reserves were 5.6 billion US dollars, and reserves in Gold were 0.94 billion US dollars. Central Bank has purchased 190.8 […]
Sri Lankan rupee weaker on importer demand
Sept 9, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Friday as importer dollar demand surpassed inward remittances of the U.S. currency amid a lack of exporter conversions, dealers said. The spot rupee was at 145.10/15 per dollar at 0721GMT, compared with Thursday’s close of 145.00/15. One-weekforwards were at 145.25/35, compared with the […]
Sri Lanka to adopt chip card system before end 2017: Central Bank
Sept 09, 2016 (LBO) – Sri Lanka is looking at completely adopting the more secure and efficient chip card system before the end of next year, a Central Bank official said. This will be among several other initiatives lined up for implementing in the coming years under the 2020 road map for developing a national […]
Sri Lankan rupee steady; exporter dlr sales offset importer demand
Sept 8, 2016 (Reuters) – The Sri Lankan rupee traded steady on Thursday as mild dollar demand from importers was offset by exporters’ greenback sales, dealers said. The spot rupee was at 145.40/46 per dollar at 0649 GMT, compared with Wednesday’s close of 145.40/45. One-week rupee forwards were at 145.60/65, compared with the previous day’s close […]