Sri Lanka rupee trades without intervention
Dec 15, 2008 (LBO) – The Sri Lanka rupee traded around 111.45/55 levels after dipping lower to 111.50/60 Monday, while overnight rates edged lower on …
Money
Sri Lanka rupee ‘floats’ for a day
Dec 12, 2008 (LBO) – The Sri Lanka rupee traded freely for possibly the first time in 2008, on last trading day of the week dealers said, while inter …
Sri Lanka rupee slides to 111.00 against green back
Dec 11, 2008 (LBO) – The Sri Lanka rupee traded at 111.00 rupees to the dollar Thursday with the market two way quote now at 111.00/30, with no official …
Sri Lanka rupee allowed gradual depreciation: central bank
Dec 11, 2008 (LBO) – Sri Lanka’s central bank says it is allowing a “gradual depreciation” of the rupee, after staying out of the …
Sri Lanka October official reserves US$2.37bn
Dec 11, 2008 (LBO) – Sri Lanka’s foreign reserves had fallen to 2,374 million US dollars by the end of October from 3,185.4 million dollars in …
Sri Lanka rupee slips to 110.65 against greenback
Dec 10, 2008 (LBO) – The Sri Lanka rupee slipped to 110.65/75 against the greenback on Wednesday from 110.30 two days earlier, but the central bank is …
Sri Lanka injects term money at lower rates; CB bill stock Rs109bn
Nov 24, 2008 (LBO) – Sri Lanka’s central bank has printed and injected money up to nine months at rates lower than its penal discount window to …
Sri Lanka stocks open higher; rupee flat amid intervention
Nov 17, 2008 (LBO) – Sri Lanka stocks opened up 0.89 percent amid thin turnover following a slew of poor earnings over the past week, and the rupee was …
Sri Lanka to issue coins commemorating pension fund
Nov 13, 2008 (LBO) – Sri Lanka’s central bank is issuing two coins to commemorate the 50 year anniversary of a state managed pension fund of …
Sri Lanka spends US$587mn to prop up rupee in October
Nov 08, 2008 (LBO) – Sri Lanka has spent 587 million dollars to prop up the rupee in October, pushing the total to 790 million dollars over past two …
Sri Lanka grey market dollar rate up; CB bill stock Rs89.5bn
Nov 04, 2008 (LBO) – Sri Lanka’s grey market rate for US dollars has spiked sharply as the central bank continued to intervene in forex markets and …
Sri Lanka IOC unit profits fall on taxes, hedging costs
Oct 31, 2008 (LBO) – Profits of Lanka IOC, a unit of India’s IOC fell 83 percent in the September quarter to 109 million rupees amidst high taxes …
Sri Lanka central bank to allow dollar peg to move
Oct 30, 2008 (LBO) – Sri Lanka’s central bank said it was allowing ‘greater flexibility’ in foreign exchange markets signaling a …
Sri Lanka private sector workers offered tax break to keep money in g-secs
Oct 29, 2008 (LBO) – Sri Lanka said it will give a tax refund to private sector retirees if they continue to keep their money in government securities …
Sri Lanka central bank reserves down to US$2.6bn
Oct 27, 2008 (LBO) – Sri Lanka’s official foreign reserves have fallen to 2.6 billion US dollars in late October from 3.1 billion dollars at the …
Mexico peso sinks to new low against dollar
MEXICO CITY, October 22, 2008 (AFP) – Mexico’s peso changed hands at 13.74 to the dollar at the end of trading Wednesday, a new record low, despite …
Sri Lanka central bank intervening for stability: Governor
Oct 10, 2008 (LBO) – Sri Lanka’s central bank is intervening in forex markets to maintain stability and the monetary authority has bought more …
Sri Lanka shares extend losses
Oct 08, 2008 (LBO) – Sri Lankan share prices ended 3.0 percent lower Wendesday a day after stock fell 2.0 percent amidst unprecedented unraveling of the …
Sri Lanka rupee up after opening on state intervention
Oct 02, 2008 (LBO) – The Sri Lanka rupee which opened at 108.20/35 against the greenback gained ground amid official intervention, with a state bank …
Sri Lanka central bank rejects all bids at auction
Sept 30, 2008 (LBO) – Sri Lanka’s central bank rejected an entire Treasury Bill auction on Tuesday bringing back memories of dark days in June 2007 …