Category: Money
Sri Lankan rupee trades steady; dollar selling by foreign investors eases pressure
Aug 23, 2016 (Reuters) –The Sri Lankan rupee held steady for a seventh straight session on Tuesday, with dealers hesitating to trade in the local currency below 145.50 per dollar anticipating central bank intervention to defend the currency, dealers said. Foreign investors were seen selling the U.S. currency, which helped ease pressure on the rupee […]
Sri Lankan rupee steady; importer demand offsets exporter dollar sales
Aug 19, 2016 (Reuters) – The Sri Lankan rupee was steady for a fifth straight session on Friday as dollar sales by exporters and banks were offset by demand for the U.S. currency from importers, dealers said. The spot rupee was at 145.50/55 per dollar at 0632 GMT, unchanged from Thursday’s close. “The demand is […]
Sri Lanka rupee steady; exporter dlr sales offset by importer demand
Aug 12, 2016 (Reuters) – The Sri Lankan rupee was steady on Friday as dollar sales by foreign investors and exporters were offset by mild demand for the importer greenback, dealers said. The spot rupee ended at 145.50/53 per dollar at 0636 GMT, compared with Thursday’s close of 145.50/52. “We see a few foreign banks […]
Sri Lanka expects USD671mn BOP surplus for 2016: Finance Minister
Aug 11, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake told Parliament Thursday that the government expects 671 million US dollars worth surplus in the overall balance of payment account for 2016. Karunanayake said the government forecasts around 11,374 million US dollars of foreign exchange earnings and 10,703 million US dollars foreign exchange payments […]
Sri Lankan rupee trades steady on state bank dollar buying
Aug 10, 2016 (Reuters) – The Sri Lankan rupee traded steady on Wednesday as exporter dollar sales were offset by purchases of the U.S. currency by state-run banks, dealers said. The spot rupee was trading at 145.60/63 per dollar at 0653 GMT, hardly changed from Tuesday’s close of 145.60/65. The spot rupee is usually managed […]
Sri Lankan rupee trades steady; stocks little changed
Aug 09, 2016 (Reuters) – The Sri Lankan rupee traded steady on Tuesday as dollar demand by importers was offset by conversions of the U.S. currency from exporters amid concerns that price controls by the government could hurt imports, dealers said. Two Sri Lankan economists last week told a summit attended by President Maithripala Sirisena […]
Asian stocks rise as investors hunt for yield; Aussie shines
HONG KONG, Aug 8 (Reuters) – Investors flocked to higher-yielding assets on Monday after strong U.S. jobs data on Friday lifted confidence – driving up Asian stocks and the Australian dollar. Although the strong U.S. data dampened the safe-haven appeal of government debt with Japanese 10-year bond futures tanking in early trade, futures markets were […]
Sri Lanka foreign reserves at USD6.5bn by end July: Central Bank
Aug 05, 2016 (LBO) – Sri Lanka’s official reserves were 6.48 billion US dollars at the end of July, up from 5.27 billion US dollars end of June, official Central Bank data showed. Foreign currency reserves were 5.45 billion dollars, and reserves in Gold were 0.96 billion dollars. Reserves were boosted by a dual-tranche sovereign bond […]
Sri Lankan shares rise as investors pick blue chips; rupee steady
Aug 05, 2016 (Reuters) – Sri Lankan shares rose on Friday, hovering near a seven-week high hit earlier this week, as investors bought blue chips expecting better profits after hopes rose that a recent rate increase by the central bank would help improve the island nation’s macroeconomic outlook. The benchmark Colombo stock index was 0.7 […]
Sri Lankan rupee up on bond buying by foreigners; spot starts trading
Aug 04, 2016 (Reuters) – The Sri Lankan rupee gained on Thursday as foreign investors sold dollars to buy local bonds on hopes of higher returns after the central bank’s policy rate hike, dealers said. The spot rupee, which was last actively traded on June 13, resumed trading on Wednesday. It traded at 145.60/70 per […]
Sri Lanka has demand for higher yielding financial instruments: Nandalal
Aug 01, 2016 (LBO) – Sri Lanka’s Central Bank Deputy Governor says there is an ample demand among insurance companies, provident funds and other institutional investors in the country for higher yielding new financial instruments. Delivering a keynote address, Deputy Governor Nandalal Weerasinghe highlighted that Sri Lanka needs to further deepen the corporate debt market […]
Sri Lankan rupee steady in dull trade; bond holders book profit
Aug 01, 2016 (Reuters) – The Sri Lankan rupee was steady in thin-volume trade on Monday as the market waited to watch the impact of last week’s policy rate hike announcement, while some bond holders sold their stakes to book profits, dealers said. After market hours on Thursday, the central bank raised its key interest rates […]