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Reuters: The Sri Lankan rupee market came to a standstill on Tuesday as banks stopped quoting spot prices against the US dollar, after what dealers said was a request from the central to stop trading the ailing currency beyond the 133 level. “The whole market is distorted as central bank does not like to see ...
The Sri Lankan rupee market came to a standstill on Tuesday as banks stopped quoting spot prices against U.S. dollar, after what dealers said was a request from the central to stop trading the ailing currency beyond the 133 level.
The Sri Lankan rupee market came to a standstill on Tuesday as banks stopped quoting spot prices against U.S. dollar, after what dealers said was a request from the central to stop trading the ailing currency beyond the 133 level. .
Reuters: The Sri Lankan rupee traded at a near record low on Monday in thin trade and many banks stopped quoting spot prices. The rupee traded at 132.90 to the dollar, with a state bank selling dollars at that level, traders said. The rupee hit a record low of 133.60 on June 12. Five dealers ...
Sri Lankan Rupee is expected to firm up later this year, while treasury yields could creep up on fiscal slippages, a report said, as the central bank looks for ways to tighten monetary policy.
Jun 25, Colombo: The Sri Lankan rupee is expected to appreciate to Rs 128 against the dollar in the latter half of the year despite some short-term problems, according to a recent report.
Despite several short-term challenges, the Sri Lankan rupee may appreciate to Rs 128 against the dollar over the course of the third and fourth quarters of this year, according to a report from Standard Chartered.
Reuters: The Sri Lankan rupee fell to a record low of 133.60 against the dollar on Tuesday on importer demand for the US currency as an IMF delegation went into a sixth day of discussions on the last tranche of a $2.6 billion loan. “The highest trade was done at 133.60 to the dollar, though ...
The Sri Lankan rupee fell to a record low of 133.60 against the dollar on Tuesday on importer demand for the U.S. currency as an IMF delegation went into a sixth day of discussions on the last tranche of a $2.6 billion loan.
The Sri Lankan rupee fell to a record low of 133.60 against the dollar today on importer demand for the U.S. currency as an IMF delegation went into a sixth day of discussions on the last tranche of a $2.6 billion loan.
The Sri Lankan rupee fell to a record low of 133.60 against the dollar on Tuesday on importer demand for the U.S. currency as an IMF delegation went into a...
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
Reuters: The stock market rose more than one per cent on Friday with retail and foreign investors buying shares in thin volumes in an overall skittish market concerned about a weak Sri Lankan Rupee and the outlook for interest rates. The main index gained 1.1 per cent, or 53.03 points, to 4,885.18, its highest since ...
Chennai: Last year, Lanka Ashok Leyland began a unique selling proposition that was meant as much to help a growing economy as to enhance sales. The company, a joint venture of Ashok Leyland Ltd. in Sri Lanka, volunteered to support the Government of Sri Lanka by offering 500 buses to the Sri Lanka Transport Board ...
Ceylon Grain Elevators PLC’s Net profit during the first quarter of the year 2012 has seen a massive drop compared with the same period of last year owing to high cost of sales and also Exchange losses. Issuing its interim financial results, the firm says, net profit during the first quarter of this year recorded a ...
With the Sri Lankan rupee made to float against the US$ and the Central Bank of Sri Lanka (CBSL) imposing restrictions on commercial banks on lending has caused much concern among the general public.
Dialog Axiata PLC announced yesterday that the depreciation of the SrI lankan Rupee relative to the USD by 12.4% QoQ, resulted in the provisioning of a non-cash translational Foreign Exchange loss of Rs 2.1Bn, leading to the Dialog Group recording a Net loss of Rs 531Mn for Q1 2012. andnbsp;
Still recovering from decades of civil war, Sri Lanka has attracted some private equity interest but firms have found it hard to rally LP support for the country PE Asia: Sri Lanka’s golden sandy beaches lie not 50 kilometres from India’s closest point, but the distance between the two countries’ private equity markets is ...
COLOMBO: The Sri Lankan rupee ended 0.8 percent firmer on Thursday as exporters converted dollars, fearing the local currency could appreciate heavily after a warning by the island nation's treasury secretary.
The Sri Lankan rupee rose more than 3 percent today as exporters sold dollars following the treasury secretary's threat to resume market interventions if the currency dropped beyond "tolerable" levels, Reuters reported.
By CT Smith Stockbrokers CBSL tightens its monetary policy for the second time in 2012 In its Monetary Policy Review for April, the Central Bank of Sri Lanka (CBSL) increased its repurchase rate and reverse repurchase rate by 25bps and 75bps to 7.75% and 9.75% respectively (w.e.f. end 5th April 2012) in order to further ...
Central bank Governor says country is targeting per capita income of $4,000 by 2015Ajit Nivard Cabraal is a man intimately associated with the economic development of Sri Lanka. Well before he became the Governor of the Central Bank of Sri Lanka, in 2006, Cabraal was the chief economic adviser to President Mahinda Rajapaksa, who was ...
The CBSL’s directive issued last year, which takes into account credit, market, operational and liquidity risk, is very much in line with the recommendations of the Bank of International Settlements (BIS), which recommends in particular capital adequacy for government banks, said internationally-renowned risk consultant and CEO/Principal of Independent Global Research Ltd. David Roden. Addre...
IPS: Most things in Sri Lanka are becoming expensive these days. In early February fuel prices were increased by margins ranging from eight to 49 per cent, with the all-important diesel, used widely in commercial transport and power generation, going up by 36 per cent. The Sri Lankan rupee
in the Sri Lankan Rupee (SLR), resulting in a sharp, and ...
Mar 25, Colombo: Dr. P. B. Jayasundera, Secretary to the Treasury expects the Sri Lankan rupee exchange rate with US dollar to stabilize at around Rs.125 in a 2-3 week time.
The Saudi Kingdom has offered financial aid worth SR 225 million (approximately Rs. 7.6 billion) for the upgrading of road networks in Sri Lanka. The draft agreement for the financial assistance was finalized in Riyadh on Monday during a meeting between the Vice Chairman of the Saudi Fund For Development (SFD) Yusuf Al-Bassam and Dr. ...
The Sri Lankan rupee hit a new low of around Rs.127.00 against the US dollar a while ago, currency dealers said
Performance has always been a buzz word in business circles. This time of the year is the typical time for a wave of performance appraisals, particularly in organisations where the appraisals are linked to the calendar year. There is a strong link between performance and perceptions. Today’s column will discuss the what, how and why ...
Peninsula, DOHA: The Sri Lankan rupee which has been fast tumbling against the dollar is expected to recover soon, and might actually begin appreciating, says Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal. The official said that the rupee now ruling at 120 a dollar will start