Category: Forex
Sri Lankan rupee steady; importer demand offsets exporter dollar sales
Oct 21, 2016 (Reuters) – The Sri Lankan rupee was trading steady on Friday, with dollar demand by importers offsetting conversions of the U.S. currency by exporters, said dealers. Rupee forwards were active, with the spot-next at 147.45/55 per dollar as of 0701 GMT, little changed from its previous close of 147.45/50. The spot rupee […]
Sri Lankan rupee edges down on importer dollar demand, foreign bond sale
COLOMBO, Oct 20 (Reuters) – The Sri Lankan rupee edged down on Thursday on importer dollar demand and as foreign investors sold bonds in the absence of central bank intervention, said dealers. Rupee forwards were active, with the spot-next at 147.45/55 per dollar as of 0646 GMT, compared with its previous close of 147.40/50. The […]
Sri Lankan rupee falls on importer dollar demand
COLOMBO, Oct 18 (Reuters) – The Sri Lankan rupee fell on Tuesday on importer dollar demand in the absence of central bank intervention, said dealers. Rupee forwards were active, with the spot-next at 147.20/30 per dollar as of 0752 GMT, compared with its previous close of 147.00/05. The spot rupee was quoted at 146.90/95 per […]
Sri Lankan rupee steady for third session; stocks down
Oct 17, 2016 (Reuters) – The Sri Lankan rupee was steady for a third straight session on Monday as dollar demand from importers offset exporter sales of the U.S. currency in the absence of central bank intervention, dealers said. The spot rupee was steady at 146.90/95 per dollar at 0633 GMT. However, dealers continue to […]
Sri Lankan rupee steady; importer dollar demand offsets exporter sales
Oct 14, 2016 (Reuters) – The Sri Lankan rupee traded steady on Friday for a second straight session as dollar demand from importers offset exporter sales of the U.S. currency in the absence of central bank intervention, dealers said. The spot rupee was steady at 146.90/95 per dollar at 0546 GMT. Rupee forwards were not […]
Sri Lankan rupee steady; exporter dollar sales offset bank buying
Oct 13, 2016 (Reuters) – The Sri Lankan rupee traded steady on Thursday as two state banks bought dollars sold by exporters, in the absence of any intervention by the central bank, dealers said. The spot rupee, which was active on Thursday, was steady at 146.90/95 per dollar at 0733 GMT. The spot rupee is […]
Sri Lankan rupee edges up on exporter dollar sales; shares down
Oct 12, 2016 (Reuters) – The Sri Lankan rupee edged up on Wednesday as dollar selling by exporters outpaced importer demand for the greenback ahead of the festive season in December, while moral suasion by the central bank prevented the local currency from falling, dealers said. The spot rupee was quoted at 146.85 per dollar […]
Sri Lankan rupee edges up on dollar selling by exporters
Oct 11, 2016 (Reuters) – The Sri Lankan rupee edged up on Tuesday, recovering after three straight sessions of losses on dollar selling by exporters, with moral suasion by the central bank preventing the currency from falling, dealers said. The rupee is, however, expected to face pressure due to demand for dollars by importers ahead […]
Sri Lankan rupee down on seasonal imports; seen under pressure
Oct 10, 2016 (Reuters) – The Sri Lankan rupee fell on Monday due to seasonal importer dollar demand ahead of the festive season in December, dealers said. The local currency would be under downward pressure due to continued importer demand until the end of the year, they added. The spot rupee was quoted at 146.85 […]
Sri Lanka foreign reserves drops USD154mn in Sept: Central Bank
Oct 08, 2016 (LBO) – Sri Lanka’s official reserves dropped 153.8 million US dollars to 6.5 billion dollars in September, down from 6.6 billion dollars at the end of August, official Central Bank data showed. Foreign currency reserves were 5.4 billion US dollars, and reserves in Gold were 0.95 billion US dollars. The Central Bank’s […]
Sri Lankan rupee down on importer dollar demand; cenbank caps fall
COLOMBO, Oct 7 (Reuters) – The Sri Lankan rupee fell on Friday due to importer dollar demand while moral suasion by the central bank on the spot-currency trade forced banks to deal in spot-next, dealers said. “Banks did not trade the spot rupee below 146.85 because of moral suasion,” a currency dealer said, asking not […]
Pound falls to lowest level since 1985 on fat finger
Oct 07, 2016 (LBO) – The British pound fell to its lowest level since 1985 in early Asian trade with traders speculating whether it was due to an error trade. The currency dove as much as 6 percent to $1.1819 and later recovered to .24 handle, down 2 percent. Friday’s fall was the most aggressive […]