Category: Forex
Sri Lankan rupee falls on dollar demand from foreign banks, importers
Jan 06, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Friday due to dollar buying by foreign banks and importers, but the central bank’s moral suasion continued to prevent further decline, days after the monetary authority signalled a change in its intervention policy. Rupee forwards were active, with one-month forwards trading at 151.20/40 […]
Sri Lankan rupee weaker; moral suasion caps fall
Jan 05, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Thursday due to dollar buying by foreign banks, but the central bank’s moral suasion prevented further decline, two days after the monetary authority’s chief signalled a change in its intervention policy to defend the currency. Central Bank Governor Indrajith Coomaraswamy said on Tuesday […]
Sri Lankan rupee little changed; comments by c.bank chief weigh
Jan 04, 2017 (Reuters) – The Sri Lankan rupee was steady in thin trade on Wednesday amid worries over slowing foreign fund inflows, even as the central bank chief said defending the currency using foreign exchange reserves was not sensible. Central Bank Governor Indrajith Coomaraswamy said after the markets closed on Tuesday that defending the […]
Sri Lanka Foreign Reserves increase to USD6 Bln in 2016: CB
Jan 03, 2016 (LBO) – Sri Lanka’s foreign reserves were around six billion dollars at the end of 2016, up from 5. 64 billion dollars at the end of November, the Central Bank said on Tuesday. The increase was due to swap arrangements and 200 million dollars from Japan and the World Bank as budgetary […]
Sri Lankan rupee edges down ahead of cenbank policy statement; stx fall
Jan 03, 2017 (Reuters) – The Sri Lankan rupee edged down in thin trade on Tuesday amid worries over slowing foreign fund inflows, even as market players awaited central bank’s key policy statement later in the day, dealers said. Rupee forwards were active, with one-month forwards quoting at 151.00/15 per dollar at 0558 GMT, compared […]
Sri Lankan rupee falls nearly 4 pct in 2016; spot reference rate at record low
Dec 30, 2016 (Reuters) – The Sri Lankan rupee fell 3.9 percent in 2016, with the spot currency reference rate hitting a record low on Friday, as higher imports and private sector credit as well as lower export earnings weighed on the currency throughout the year. Rupee forwards were active, with one-month forwards closing flat […]
Sri Lankan rupee falls ahead of c.bank decision on policy rates
Dec 30, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Friday due to unusual year-end dollar demand from importers and ahead of an announcement on monetary policy by the central bank later in the day, dealers said. Sri Lanka’s central bank is most likely to keep its key interest rates steady on Friday, […]
Sri Lankan rupee ends steady amid moral suasion
Dec 29, 2016 (Reuters) – The Sri Lankan rupee closed steady on Thursday as light importer dollar demand was met by exporter selling and moral suasion by the central bank boosted sentiment, dealers said. They said the local currency might weaken in January after the central bank’s comment on Friday that the rupee’s depreciation was […]
Central Bank invites proposals for USD1bn 3-year foreign financing facility
Dec 28, 2016 (LBO) – Sri Lanka’s Central Bank today said the government intends to raise a Foreign Currency Term Financing Facility (FTFF) denominated in USD up to a limit of 1 billion dollars in 2017. The FTFF is expected to be raised at a fixed rate or a floating rate, linked to the USD […]
Sri Lanka Central Bank most likely to keep rates steady: POLL
Dec 28, 2016 (Reuters) – Sri Lanka’s central bank is most likely to keep its key interest rates steady on Friday, even as some economists expect further tightening to ease pressure on the rupee following the Fed rate hike earlier in the month, a Reuters polls showed. The central bank has already tightened its monetary […]
Sri Lankan rupee falls on dollar demand; c.bank raises spot reference rate
Dec 28, 2016 (Reuters) – Sri Lankan rupee fell on Wednesday on modest dollar demand after the central bank raised the spot reference rate, while the apex bank’s new limit on one-week forwards capped further loss, dealers said. The market, however, awaited further clues from the central bank after it said on Friday that depreciation […]
Sri Lankan rupee falls on light dollar demand
Dec 27, 2016 (Reuters) – The Sri Lankan rupee fell on Tuesday on thin importer dollar demand after a long weekend as the market waited for direction from the central bank after it said depreciation of the currency was not necessarily negative for the economy, dealers said. The central bank said on Friday that “it […]