Category: Money
Sri Lankan rupee weaker on foreign bank dollar demand
Jan 18, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Wednesday due to importer dollar demand, after sales by foreign banks had helped the U. S. currency to edge up in the previous two sessions, dealers said. The rupee has been under pressure due to rising imports and net selling of government securities […]
‘ dollar sales
Jan 17, 2017 (Reuters) – The Sri Lankan rupee traded marginally higher on Tuesday in light volume as foreign banks sold dollars, but the market expects the currency to weaken after the central bank allowed flexibility in the exchange rate, dealers said. The rupee has been under pressure due to rising imports and net selling […]
Sri Lankan rupee edges up on dollar sales; stx down
Jan 16, 2017 (Reuters) – The Sri Lankan rupee edged higher on Monday as foreign banks sold dollars, but the market expects the currency to weaken after the central bank allowed flexibility in exchange rate, dealers said. The rupee has been under pressure due to rising imports and net selling of government securities by foreign […]
Sri Lanka cabinet approves USD1.5bn development bond issue
Jan 11, 2017 (LBO) – Sri Lanka’s cabinet on Tuesday approved a proposal to borrow 1.5 billion US dollars from the issuances of development bonds this year. Borrowings from domestic sources is estimated to be at 1,129 billion rupees and foreign sources is estimated to be 450 billion rupees. The domestic borrowings will mainly consist […]
Sri Lankan shares rise on bargain hunting, snap 5-day losing streak
Jan 06, 2017 (Reuters) – Sri Lankan shares edged higher on Friday, ending a five-day losing streak and recovering from a nine-month low hit in the prior session as investors picked up battered down shares. Foreign investors turned net buyers on Friday after offloading shares for five straight sessions. The bourse hit a nine-month low […]
Sri Lankan rupee falls on dollar demand from foreign banks, importers
Jan 06, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Friday due to dollar buying by foreign banks and importers, but the central bank’s moral suasion continued to prevent further decline, days after the monetary authority signalled a change in its intervention policy. Rupee forwards were active, with one-month forwards trading at 151.20/40 […]
Sri Lankan rupee weaker; moral suasion caps fall
Jan 05, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Thursday due to dollar buying by foreign banks, but the central bank’s moral suasion prevented further decline, two days after the monetary authority’s chief signalled a change in its intervention policy to defend the currency. Central Bank Governor Indrajith Coomaraswamy said on Tuesday […]
Sri Lankan rupee little changed; comments by c.bank chief weigh
Jan 04, 2017 (Reuters) – The Sri Lankan rupee was steady in thin trade on Wednesday amid worries over slowing foreign fund inflows, even as the central bank chief said defending the currency using foreign exchange reserves was not sensible. Central Bank Governor Indrajith Coomaraswamy said after the markets closed on Tuesday that defending the […]
Sri Lankan rupee edges down ahead of cenbank policy statement; stx fall
Jan 03, 2017 (Reuters) – The Sri Lankan rupee edged down in thin trade on Tuesday amid worries over slowing foreign fund inflows, even as market players awaited central bank’s key policy statement later in the day, dealers said. Rupee forwards were active, with one-month forwards quoting at 151.00/15 per dollar at 0558 GMT, compared […]
Sri Lankan rupee falls nearly 4 pct in 2016; spot reference rate at record low
Dec 30, 2016 (Reuters) – The Sri Lankan rupee fell 3.9 percent in 2016, with the spot currency reference rate hitting a record low on Friday, as higher imports and private sector credit as well as lower export earnings weighed on the currency throughout the year. Rupee forwards were active, with one-month forwards closing flat […]
Sri Lankan rupee falls ahead of c.bank decision on policy rates
Dec 30, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Friday due to unusual year-end dollar demand from importers and ahead of an announcement on monetary policy by the central bank later in the day, dealers said. Sri Lanka’s central bank is most likely to keep its key interest rates steady on Friday, […]
Sri Lankan rupee ends steady amid moral suasion
Dec 29, 2016 (Reuters) – The Sri Lankan rupee closed steady on Thursday as light importer dollar demand was met by exporter selling and moral suasion by the central bank boosted sentiment, dealers said. They said the local currency might weaken in January after the central bank’s comment on Friday that the rupee’s depreciation was […]