Category: Forex
‘s external situation manageable, but more FDI needed: Governor
Feb 08, 2017 (LBO) – Sri Lanka’s external debt situation is manageable. However, the current challenge is to increase inflows from exports and FDI, Central Bank Governor Indrajit Coomaraswamy said on Wednesday. “The external debt situation, in our view, is manageable. Sri Lanka has never defaulted on a payment. But the challenge for the country […]
RDA to obtain Rs23bn for Central Expressway phase II
Feb 01, 2017 (LBO) – Sri Lanka’s Cabinet has decided to obtain part of the funds for the construction of phase II of Central Expressway Project from two state banks. The government has identified it as one of its priority projects for promoting economic development in the country by improving connectivity among various regions, a […]
Sri Lankan rupee steady; under pressure to depreciate
Jan 31, 2017 (Reuters) – The Sri Lankan rupee was steady on Tuesday in dull trade but dealers said the currency was under depreciation pressure with foreign investors exiting government securities. Rupee forwards were active, with two-week forwards trading at 151. 00/10 per dollar at 0524 GMT, unchanged from Monday’s close. The spot rupee was […]
‘ dollar buying; stocks up
Jan 30, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Monday as some foreign banks bought dollars amid demand for the U.S. currency from importers, dealers said. Rupee forwards were active, with two-week forwards trading at 150.90/151.00 per dollar at 0551 GMT, weaker from Friday’s close of 150.85/95. The spot rupee was quoted […]
Sri Lankan rupee steady in thin trade
COLOMBO, Jan 27 (Reuters) – The Sri Lankan rupee traded steady in thin volume on Friday as dollar selling by exporters and inward remittances outpaced demand for the U.S. currency from importers, dealers said. Rupee forwards were active, with two-week forwards were trading at 150.85/95 per dollar at 0546 GMT little changed from Thursday’s close […]
Sri Lankan rupee steady in dull trade; stocks rise
Jan 26, 2017 (Reuters) – The Sri Lankan rupee was steady in thin trade on Thursday as dollar demand from importers was offset by selling of the U. S. currency by exporters, dealers said, a day after the central bank revised the spot reference rate by 10 cents to a record low. Rupee forwards were […]
Sri Lankan rupee eases on importer dollar demand
Jan 24, 2017 (Reuters) – The Sri Lankan rupee eased on Tuesday as importer dollar demand outpaced mild greenback sales by exporters, while the market expects the downward pressure to continue until some steady foreign inflows come in, dealers said. Rupee forwards were active, with two-week forwards trading at 151.05/20 per dollar at 0615 GMT, […]
Sri Lankan rupee down on importer dollar demand
Jan 23, 2017 (Reuters) – The Sri Lankan rupee fell on Monday as the importer dollar demand surpassed modest greenback sales by exporters, dealers said. Rupee forwards were active, with two-week forwards trading at 150.90/151.10 per dollar at 0522 GMT, compared with Friday’s close of 150.85/00. The dollar, however, traded weaker against major currencies on […]
Sri Lankan rupee weaker on foreign bank dollar demand
Jan 18, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Wednesday due to importer dollar demand, after sales by foreign banks had helped the U. S. currency to edge up in the previous two sessions, dealers said. The rupee has been under pressure due to rising imports and net selling of government securities […]
‘ dollar sales
Jan 17, 2017 (Reuters) – The Sri Lankan rupee traded marginally higher on Tuesday in light volume as foreign banks sold dollars, but the market expects the currency to weaken after the central bank allowed flexibility in the exchange rate, dealers said. The rupee has been under pressure due to rising imports and net selling […]
Sri Lankan rupee edges up on dollar sales; stx down
Jan 16, 2017 (Reuters) – The Sri Lankan rupee edged higher on Monday as foreign banks sold dollars, but the market expects the currency to weaken after the central bank allowed flexibility in exchange rate, dealers said. The rupee has been under pressure due to rising imports and net selling of government securities by foreign […]
Sri Lankan shares rise on bargain hunting, snap 5-day losing streak
Jan 06, 2017 (Reuters) – Sri Lankan shares edged higher on Friday, ending a five-day losing streak and recovering from a nine-month low hit in the prior session as investors picked up battered down shares. Foreign investors turned net buyers on Friday after offloading shares for five straight sessions. The bourse hit a nine-month low […]