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
12 November, 2015 09:01 AM Source: Financial Times - Sri Lanka
news 1.jpg

Reuters: The rupee ended slightly firmer on Wednesday, after hitting a record low in the previous session, due to bank and exporter dollar sales.
Dealers, however, expect the currency to hover around current levels ahead of the 20 November Budget. The currency ended at 141.92/97 per dollar, edging up from Monday’s close of 141.95. Both the stock and foreign exchange markets were closed on Tuesday for Diwali, a Hindu religious holiday.

The rupee fell 0.35% in intraday trading on Monday to a record low of 142.00 per dollar.
“It was a quiet day. There were some bank (dollar) selling,” said a currency dealer asking not to be named. Another dealer said importers are booking forwards as they are not sure of the Budget while exporters are quietly selling in low volumes.
Rupee...
Investors are waiting for more clarity on economic policies from the 2016 Budget announcement, scheduled on 20 November.
Commercial banks parked Rs. 113.21 billion ($ 800.07 million) of surplus liquidity on Wednesday, using the Central Bank’s deposit facility at 6%, official data showed.

- See more at: http://www.ft.lk/article/495509/Rupee-recovers-from-record-low-on-bank--exporter-dollar-sale#sthash.7Be1UkfU.dpuf

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?