Category: Money
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 […]
Sri Lankan rupee edges up as dollar sales surpass importer demand
Sept 05, 2016 (Reuters) – The Sri Lankan rupee was marginally higher on Monday, supported by exporter dollar sales and on lack of importer demand for the greenback, dealers said. The spot rupee was at 145.45/50 per dollar at 0553 GMT, slightly firmer from Friday’s close of 145.48/53, while one-week rupee forwards were at 145.60/65, […]
Sri Lankan rupee steady, remittances offset importer dlr demand
Sept 02, 2016 (Reuters) – The Sri Lankan rupee traded steady on Friday as dollar sales by banks from inward remittances offset importer dollar demand, dealers said. The spot rupee was at 145.50/55 per dollar at 0715 GMT, hardly changed from Thursday’s close of 145.50/57, while one-week rupee forwards were at 145.70/75 compared to Thursday’s close […]
Sri Lankan rupee firmer on bank dollar sales; stocks edge up
Sept 01, 2016 (Reuters) – The Sri Lankan rupee traded firmer on Thursday as dollar sales by banks on behalf of foreign investors to buy government securities surpassed the importer dollar demand, dealers said. The spot rupee was at 145.50/57 per dollar at 0455 GMT tad firmer from Wednesday’s close of 145.55/60, while one-week rupee […]
Sri Lankan rupee steady ahead of cenbank policy rate meeting
Aug 30, 2016 (Reuters) – The Sri Lankan rupee traded steady on Tuesday ahead of a central bank policy meeting later in the day, as exporter dollar sales offset mild importer demand for the greenback, dealers said. The central bank is expected to keep its key interest rates steady at the monetary policy rate meeting, […]
Sri Lankan rupee down on importer dollar demand
Aug 25, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Thursday led by importer dollar demand while the central bank appeared to have stopped giving a reference level for the spot currency, dealers said. The rupee has been steady for more than a week as dealers hesitated to trade the local currency below […]