Sri Lanka rupee volatility ‘overreaction’, fundamentals strong: CB Governor
Feb 14, 2012 (LBO) – A steady weakening of the rupee following a float was an ‘overreaction’ which will correct itself when market …
Money
Sri Lanka rupee drifts lower against greenback
Feb 13, 2012 (LBO) – Sri Lanka’s rupee closed at 117.25/40 against the greenback Monday down from Friday’s close of 115.buy lasix online buy …
Sri Lanka rupee opens weaker
Feb 13, 2012 (LBO) – Sri Lanka rupee opened weaker at around 115.30/40 and traded lower against the US dollar in the spot market in the second trading …
Sri Lanka exchange rate flexibility welcomed by IMF
Feb 10, 2012 (LBO) – A decision by the Sri Lanka’s central bank to allow the exchange rate to move more in line with its monetary policy has been …
Sri Lanka rupee eases lower with no intervention
Feb 09, 2012 (LBO) – Sri Lanka’s rupee fell against the US dollar to below 115 rupees after the Central Bank stopped intervening on a specific …
Sri Lanka central bank bill stock tops Rs200bn
Feb 09, 2012 (LBO) – Treasury bills acquired by the Central Bank to back money printed to sterilize interventions in the forex markets to defend a dollar …
Sri Lanka central bank will not intervene at fixed price: CB Governor
Feb 09, 2012 (LBO) – Sri Lanka’s Central Bank will not intervene at a fixed price but will continue to supply part of the dollars needed to settle …
Sri Lanka rupee trades with no intervention
Feb 09, 2012 (LBO) – Sri Lanka’s rupee recovered to close around 115.20/30 against the US dollar in the spot market after weakening as much as …
Sri Lanka rupee opens weaker
Feb 06, 2012 (LBO) – Sri Lanka’s currency opened 20 cents weaker at 114.30 cents against greenback Monday as the monetary authority lowered its …
Sri Lanka’s foreign reserves down 23.4-pct from peak in Nov
Jan 25, 2012 (LBO) – Sri Lanka’s foreign exchange reserves fell 23.4 percent to 6,201 million US dollars in November 2011 or 1,897.8 million US …
Sri Lanka Aviva Eagle gilt fund gets top rating
Jan 23, 2012 (LBO) – NDB Aviva Wealth Management’s Eagle Gilt Edged Fund has been rated (SL) AAAmf, by ICRA Lanka Limited, a rating agency which is …
Sri Lanka to negotiate US$500mn in central bank swaps
Jan 03, 2012 (LBO) – Sri Lanka is planning to negotiate up to 500 million dollars in swaps with other central banks to bolster the island’s …
Sri Lanka finance ministry calls for higher rates, flexible rupee: report
Dec 30, 2011 (LBO) – Sri Lanka’s top Treasury official has called for higher interest rates and a rupee ‘flexible’ exchange rate to …
Sri Lanka primary dealer profit falls sharply
Dec 27, 2011 (LBO) – Newly listed primary dealer Entrust Securities said net profit for the six months ended September 30, 2011 fell 80 percent to 26.8 …
Sri Lanka money off highs ahead of cash auction
Dec 22, 2011 (LBO) – Sri Lanka’s overnight money markets came off highs reached a day earlier to stay around 9.25/30 levels after authorities …
Sri Lanka overnight rates spike to new high
Dec 21, 2011 (LBO) – Sri Lanka’s overnight money rates spiked over 9.75 percent and gilt backed repurchase deals touched 8.45 percent Wednesday …
Sri Lanka money tight, stocks open weaker
Dec 19, 2011 (LBO) – Sri Lanka’s money markets were tight with overnight gilt backed cash trading around 7.75/8.00 percent and call money at …
Sri Lanka money rates spike
Dec 16, 2011 (LBO) – Sri Lanka’s overnight money rates spiked Friday amid liquidity shortages from peg defence and seasonal demand, prompting a 10 …
Sri Lanka relaxes foreign investment in company debt
Dec 13, 2011 (LBO) – Sri Lanka’s central bank said it had lifted a foreign borrowing limit by companies to 50 million US dollars from 20 million, …
Sri Lanka overnight rates lower
Nov 30, 2011 (LBO) – Sri Lanka’s average overnight rates have eased over the past two days after the Central Bank stopped its repo auctions to …