Sri Lanka rupee gains on dollar inflows; cash markets awash
November 03, 2006 (LBO) – The rupee gained against the dollar to hit an intra-day high of 106.40 Friday, to settle around 106.70 levels, while cash …
Money
Sri Lankan rupee gets closer to another record low
October 31, 2006 (LBO) – The Sri Lankan rupee sank further against the U.S. dollar Tuesday on sustained import demand, while share prices stayed in the …
Sri Lanka rupee gains despite negatives
October 19, 2006 (LBO) – The Sri Lankan rupee closed stronger at 105.70 against the U.S. dollar Thursday, gaining more than a rupee and shaking off …
Sri Lanka markets volatile as Tamil Tigers strike southern port
October 18, 2006 (LBO) – The Sri Lankan rupee clawed back from Tuesday’s all-time low on profit taking by most banks, while stocks snapped a …
Sri Lanka rupee sinks to new low against dollar
October 17, 2006 (LBO) The rupee sank to a new low Tuesday, falling to 107.65 against the dollar in early morning trade, dealers said. The rupee had also been …
Sri Lankan rupee sinks further; share prices dip over security worries
Oct 17, 2006 (LBO) – Sri Lankan rupee sank further breaching the 107.00 mark amidst profit taking by banks on Tuesday, while share prices fell 0.60 …
Sri Lanka to raise US$150 mn loan in Nov; Tbonds to overseas investors next week
October 17, 2006 (LBO) – Sri Lanka plans to raise 150 million dollars via a syndicated loan from foreign investors, the central bank said Tuesday a day …
Sri Lanka issues maiden 2000 rupee note, but is no stranger to big bills
Oct 17, 2006 (LBO) – Sri Lanka issued its first 2000 rupee note on Tuesday, but is no stranger to large denominations, with a ten thousand rupee note put …
Sri Lanka central bank talks up rupee, as the currency comes under renewed pressure
October 15, 2006 (LBO) – Sri Lanka’s central bank is talking up the rupee ahead of market opening on Monday, as the currency came under heavy …
Sri Lankan rupee ends all time low; share prices edge up
October 13, 2006 (LBO) – Sri Lankan rupee closed to a lifetime low Friday, on heavy demand by imports to settle trade bills, while share prices rose as …
Sri Lankan rupee hits a record low; exports still competitive: Central Bank
October 12, 2006 (LBO) – The Sri Lankan rupee fell to a lifetime low Friday, depreciating just over 3-percent in value against the U.S. dollar, but the …
Sri Lanka’s Central Bank freezes key interest rates
October 12, 2006 (LBO) – Sri Lanka’s central bank held rates steady at its October monthly monetary meeting, two weeks after an ad hoc rate rise of …
Sri Lanka’s first LKR2,000 note to debut on Oct. 17
October 9, 2006 (LBO) – Sri Lanka plans to issue its maiden 2,000 rupee note on October 17, to keep pace with island’s galloping inflation, the …
Sri Lanka’s Central Bank hikes short term interest rates by half a percent
September 28, 2006 (LBO) – Sri Lanka’s Central Bank Thursday hiked short term rates by 50 basis points, two days after shutting the bank’s …
Sri Lanka’s central bank restores cash facility to calm markets; emergency 50bp rate hike
September 28, 2006 (LBO) – Sri Lanka’s central bank Thursday regained control of the country’s runaway short-term rates by restoring a …
Turmoil in Sri Lanka’s cash markets hit treasuries; dealers refuse to discount gilts
September 27, 2006 (LBO) – Aftershocks of Tuesday’s withdrawal of the central bank’s standing cash facility has hit short-term treasuries, …
Sri Lanka’s Central Bank takes the lid off short term rates; cash markets in shock
September 26, 2006 (LBO) — In a major policy shift, Sri Lanka’s central bank Tuesday allowed the rate at which it injects overnight cash, to move …
Sri Lanka’s central bank combats inflation with negative real rates
Sept 15 (LBO) – Sri Lanka’s central bank said it was not raising interest rates despite expanding money supply, rising inflation and real interest …
Sri Lanka looks for investors to raise US$ 100 million
August 31, 2006 (LBO) – Sri Lanka Thursday announced plans to raise another 100 million dollars through a bond issue to pay for ongoing development …
Sri Lankan rupee extends gains; foreign interest boost stocks
August 24, 2006 (LBO) – The Sri Lankan rupee firmed up against the U.S. dollar Thursday, while share prices rose on foreign investors’ interest in …