Category: Forex
Sri Lankan rupee rises as exporters, banks sell dollars
COLOMBO, Nov 7 (Reuters) – The Sri Lankan rupee traded firmer on Monday as dollar selling by exporters and banks outpaced demand for the greenback from importers, dealers said. Rupee forwards were active, with one-week forwards trading higher at 148.05/10 per dollar, compared with Friday’s close of 148.35/45. “Rupee is trading firmer on dollar sales […]
Sri Lankan rupee firmer on exporter dlr sales; stocks edge lower
Nov 04, 2016 (Reuters) – The Sri Lankan rupee edged up on Friday as dollar selling by exporters surpassed the demand for the greenback from importers, dealers said. Rupee forwards were active, with one-week forwards trading at 148.30/40 per dollar at 0604 GMT, compared with Thursday’s close of 148.80/90. “Exporter conversions are exceeding the importer […]
Sri Lankan rupee falls on importer dollar demand; stocks firm
Nov 03, 2016 (Reuters) – The Sri Lankan rupee traded lower on Thursday on dollar demand from importers and as foreign investors sold government securities, dealers said, with the market shrugging off comments by the central bank chief on the stability of the currency. Central Bank of Sri Lanka Governor Indrajit Coomaraswamy said late on […]
Sri Lankan rupee weaker on importer dollar demand
Nov 02, 2016 (Reuters) – The Sri Lankan rupee was weaker on Wednesday due to dollar demand from importers, dealers said, while the market shrugged off central bank chief Indrajit Coomaraswamy’s comment on the currency’s stability in the near future. Coomarswamy late on Tuesday said he expected the rupee to stabilise when the billion sale […]
Sri Lankan rupee ends weaker on importer dollar demand
Nov 01, 2016 (Reuters) – The Sri Lankan rupee ended weaker on Tuesday due to dollar demand from importers, dealers said, a day after the country’s central bank kept key policy rates steady. Despite the rupee being under downward pressure, the central bank kept its benchmark interest rates on hold late on Monday, as expected, […]
Sri Lanka Central Bank keeps rates steady ahead of budget
Oct 31, 2016 (LBO) – Sri Lanka’s central bank on Monday decided to keep its key interest rates steady, a few days ahead of the national budget. Accordingly, the Standing Deposit Facility Rate and the Standing Lending Facility Rate of the Central Bank will be maintained at 7.00 percent and 8.50 percent, respectively. Monetary Policy […]
Sri Lankan rupee weaker; remittances prevent steeper fall
Oct 31, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Monday due to importer dollar demand, but the month-end inward remittances capped the fall, dealers said. Rupee forwards were active, with one-week forwards trading slightly weaker at 148.30/40 per dollar compared with Friday’s close of 148.25/30. “The month-end inward remittances are there, but […]
‘s moral suasion caps fall
Oct 28, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Thursday with the central bank raising the spot reference rate by 50 cents as higher importer dollar demand weighed on the currency, dealers said. However, moral suasion by the central bank prevented a steeper fall, they added. The central bank raised the spot […]
Sri Lankan rupee weaker; moral suasion caps fall
Oct 27, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Thursday on importer demand for the U.S. currency with moral suasion by the central bank preventing a fall in both the spot currency and spot-next, dealers said. Rupee forwards were active, with the one-week trading at 148.15/30 per dollar at 0538 GMT compared […]
Sri Lankan rupee steady in lean trade; stocks weak
COLOMBO, Oct 26 (Reuters) – The Sri Lankan rupee traded steady on Wednesday in a dull market as investors were reluctant to take positions, a day after a state bank sold dollars, capping the fall in the domestic currency amid seasonal importer greenback demand, dealers said. Dealers said moral suasion by the central bank on […]
Sri Lankan rupee weaker on importer dollar demand; stocks up
Oct 25, 2016 (Reuters) – The Sri Lankan rupee edged down on Tuesday due to importer dollar demand and a lack of exporter sales, but selling of the greenback by a state bank capped further fall in the domestic currency, dealers said. They added the moral suasion by the central bank discouraged trading in the […]
Sri Lanka rupee down on importer dollar demand
Oct 24, 2016 (Reuters) – The Sri Lankan rupee edged down on Monday due to dollar demand by importers, but moral suasion by the central bank discouraged trading in the spot currency market, said dealers. Rupee forwards were active, with the spot-next at 147.90/95 per dollar as of 0801 GMT, down from its previous close […]