LKCSE Colombo Stock Exchange Close
  • Current Exchange
    Colombo Stock Exchange LKCSE

Market time
Black
White

Send This Page To Friends and Colleagues

You can Enter more than one email separated by (,)
Allowed 100 characters only
10 July, 2014 09:05 AM Source: Financial Times - Sri Lanka
rupees.jpg

Reuters: The rupee ended at a more-than-one-year high on Wednesday on inflows from remittances and exporter dollar sales while dollar buying by State banks curbed gains in the local unit.
The rupee ended at 130.23/24 per dollar, its highest close since 26 June 2013, Thomson Reuters data showed. On Tuesday, it had closed at 130.25/26.
“There are inflows and not much of demand for dollars, the State banks lowered the buy rate by two cents to 130.23,” said a currency dealer, asking not to be named.
Dollar purchases by two State banks helped curb volatility by mopping up liquidity and smoothening transactions, dealers said.
The Central Bank usually directs the market through the two state banks.
Dealers said the fuel import bill, which accounts for around 20% of monthly imports, is also on the decline because the country has been shifting to alternative power sources such as coal and hydro.

Read Original Article

Add Comment | 0   comment

Readers Comment

Nothing found to display
page number 1

Add Comment

Please login first to comment Click here to login

Stocks in Focus


Features for Registered Users

E-mail Alerts
Daily Newsletter
Your Watchlist
Advanced Tools
and
Many more


Will automatically display the last quotes you have visited here.

All Rights Reserved - DUInvest © 2014

Login

Do You have an Account ? , Click here to create a new account

Your Opinion Matters

What do you think about the new Website?