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Sri Lanka Equity Forum
සිංහල පරිවර්තනය
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SLEF Market Sentiment Indicator

73% 73% [ 1145 ]
27% 27% [ 428 ]

Total Votes : 1573

Latest topics
» PABC : This must pass 20 rs. level very soon
by soileconomy Today at 9:31 pm

» Today run LOFC 5+
by kjojo Today at 8:25 pm

» Penny TESS 7.4Mn trade volume!
by D.G.Dayaratne Today at 8:25 pm

» Planning to buy some shares - Suggession please
by sanjulanka Today at 7:33 pm

» CFVF run Will start soon
by kjojo Today at 7:16 pm

» Comparison TAFL,BFL & GRAN
by TARGET Today at 7:14 pm

» LLUB - At the Current Price
by kjojo Today at 5:49 pm

» Positive Trends.. Exports up..
by ranferdi Today at 5:03 pm

» LCEM 10/-.......
by kjojo Today at 2:46 pm

» KZOO ... KZOO ...Stock Buy Back underway ?
by Namal Today at 1:32 pm

» VALLIBEL FINANCE PLC
by Investor1994 Today at 11:17 am

» Save the stock market- and may be they (cse) will bring down the cse & sec levy.
by sheildskye Today at 9:14 am

» LANKA CEMENT....STILL GOOD
by Wimal Modawansa Today at 9:09 am

» BALA WILL BE A STAR
by Wimal Modawansa Today at 9:05 am

» The New Pope: Bergoglio of Argentina
by leasingmandate Yesterday at 5:41 pm

» HEXP Starts Next Run to Rs.300
by kjojo Yesterday at 2:54 pm

» කිංස්බරි හෝටලයේ විදුලි සෝපානය මනාලයා සමග හිරවේ.. මංගල උත්සවය ජංජාලයක් වෙයි.. මනාලයා වන්දි ඉල්ලා නඩු යයි.
by trasantha Yesterday at 8:03 am

» UDPL Next Run soon
by kovida Tue Oct 17, 2017 10:58 pm

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 17, 2017 2:39 pm

» HVA.............? wtz gonna happen with HVA?
by anjelo Tue Oct 17, 2017 1:53 pm

» watch CSF
by kjojo Tue Oct 17, 2017 12:21 pm

» RENUKA CAPITAL PLC (KZOO.N0000)
by The Hunter Tue Oct 17, 2017 10:08 am

» ගංගා මෑණියන්ගේ බැල්ම ලගදිම කොටස් වෙලදපොල දෙසට
by ranferdi Tue Oct 17, 2017 7:57 am

» + Point for Market : IMF reaches staff level agreement on third review of Sri Lanka’s EFF
by Ran49 Tue Oct 17, 2017 7:16 am

» Hotels face tough time --- Drop in tourist arrivals predicted/so many new hotels are opening
by kcrRanz Tue Oct 17, 2017 4:55 am

» Asian shares conquer 10-year peak
by kcrRanz Tue Oct 17, 2017 4:51 am

» Ideas about SCAP.N000 ?
by kcrRanz Tue Oct 17, 2017 4:40 am

» Why CSEC going up....???
by kcrRanz Tue Oct 17, 2017 4:30 am

» why bfl...gran...tafl...not moving
by kcrRanz Tue Oct 17, 2017 3:17 am

» Time to Talk About How Budget 2018 will Help for Us!
by Dailytrader Mon Oct 16, 2017 7:02 pm

» MBSL - MERCHANT BANK OF SRI LANKA
by Roshan Fernando Mon Oct 16, 2017 2:11 pm

» LOFC 7+ next week
by kjojo Mon Oct 16, 2017 12:41 pm

» SAMP - ABSORBING REAL VALUE
by niru Mon Oct 16, 2017 11:43 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by Namal Mon Oct 16, 2017 10:54 am

» From today - Watch Watch
by Richman Mon Oct 16, 2017 8:44 am

» IS CTBL.N ready to run ?
by Richman Mon Oct 16, 2017 8:43 am

» Sri Lanka tea prices seen remaining high on global shortfall
by Wimal Modawansa Mon Oct 16, 2017 8:10 am

» Recommended buys in planation
by Wimal Modawansa Mon Oct 16, 2017 8:08 am

» BFN .. ORIENT FINANCE PLC
by worthiness Sun Oct 15, 2017 1:38 pm

» Plantation Sector Summary
by Wimal Modawansa Sun Oct 15, 2017 7:28 am

» BUY CFT with expect to cross share 10+
by sameboy Sat Oct 14, 2017 12:53 pm

» HATTON PLANTATIONS LTD
by gdid Fri Oct 13, 2017 5:32 pm

» WATA N00000
by gdid Fri Oct 13, 2017 5:29 pm

» MAL N and X
by Captain Fri Oct 13, 2017 12:05 pm

» Watch DFCC and NDB and guess which one is best
by Captain Fri Oct 13, 2017 11:54 am

» WHY WE SHOULD BUY CFVF...
by kjojo Fri Oct 13, 2017 11:42 am

» 4 new all-time record prices in Lanka Commodity Brokers Catalogue of 11 Oct. auction
by anjelo Fri Oct 13, 2017 8:58 am

» LIOC run Just started
by Ran49 Fri Oct 13, 2017 7:28 am

» LIOC is going to increase oil price
by SIRRA123 Thu Oct 12, 2017 9:06 pm

» See what these UNP criminals has done to our EPF and ETF, We have to burn these fellas
by Ryan Hudson Thu Oct 12, 2017 7:57 pm

» COCR COCR
by newone Thu Oct 12, 2017 5:41 pm

» Heavy rainng......But still VPEL & HPFL at very low price
by newone Thu Oct 12, 2017 5:35 pm

» TKYO - Capital Trust Recommends BUY
by Maxime Thu Oct 12, 2017 3:17 pm

» CEYLON TEA BROKERS PLC (CTBL.N0000)
by Namal Thu Oct 12, 2017 2:26 pm

» DOCK FUTURE hit 120 share
by kjojo Thu Oct 12, 2017 1:58 pm

» keey eye on DOCK
by kjojo Thu Oct 12, 2017 12:37 pm

» look MULL. Today Run
by TuTanKaman Thu Oct 12, 2017 12:25 pm

» MEL.N0000-ANY NEWS
by DHAVER88 Thu Oct 12, 2017 12:15 pm

» Aitken Spence - Prospects
by MasterD Thu Oct 12, 2017 10:41 am

» NDB Bank PLC
by MasterD Thu Oct 12, 2017 10:38 am

» UBC - Union bank a hidden GEM
by MarketWch Thu Oct 12, 2017 10:36 am

» Correct time to buy DFCC
by Harry82 Thu Oct 12, 2017 9:28 am

» NTB A RISING STAR
by samaritan Thu Oct 12, 2017 9:20 am

» Watch the followings
by Harry82 Thu Oct 12, 2017 9:03 am

» WHERE IS TELLER........market down.......ASI 5700...
by kjojo Thu Oct 12, 2017 9:01 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:17 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:16 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:13 am

» AGST can move
by Richman Thu Oct 12, 2017 7:28 am

» ACAP latest penny
by Richman Thu Oct 12, 2017 7:06 am

» Can the oil price remain as it is?
by predictor Thu Oct 12, 2017 6:52 am

» Market is falling continuously
by Yahapalanaya Thu Oct 12, 2017 5:27 am

» COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA
by Yahapalanaya Thu Oct 12, 2017 5:20 am

» LDEV Price
by sanjulanka Wed Oct 11, 2017 6:10 pm

» Stock Market Entertainment
by SL.Market Wed Oct 11, 2017 6:05 pm

» DOCK FUTURE
by kjojo Wed Oct 11, 2017 1:02 pm

» LLMP N0000
by kjojo Wed Oct 11, 2017 12:54 pm

» AINV.N is ready to run ?
by kjojo Wed Oct 11, 2017 10:46 am

» look LOFC- Ready to run
by max shanu Wed Oct 11, 2017 10:03 am

» LOLC towards ...150
by Harry82 Wed Oct 11, 2017 9:37 am

» Is it ok vone
by prasa2004 Wed Oct 11, 2017 8:53 am

» WILL SEYLAN WAKE UP TODAY TO JOIN BANKING RUN??
by prasa2004 Wed Oct 11, 2017 8:51 am

» How about LDEV
by sanjulanka Tue Oct 10, 2017 11:29 pm

» FC recommends a STRONG BUY on SAMP.N
by Harry82 Tue Oct 10, 2017 4:08 pm

» Watch LDEV..
by Beta1 Tue Oct 10, 2017 2:09 pm

» How About CHOU
by max shanu Tue Oct 10, 2017 11:30 am

» ACME and LCEM
by Tissa Tue Oct 10, 2017 10:31 am

» UDPL Lead the Plantation
by Ran49 Tue Oct 10, 2017 7:43 am

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 10, 2017 4:32 am

» ready to ACME blast
by gayanath1983 Mon Oct 09, 2017 3:06 pm

» ACME 9+ Coming soon
by rasikagamage Mon Oct 09, 2017 2:31 pm

» World bank confirms bribery involving Maithri –Australian Co. that gave it blacklisted
by samaritan Mon Oct 09, 2017 2:14 pm

» HEXP Start next run to 150
by Miss-Sangeetha Mon Oct 09, 2017 11:56 am

» Top Ten Tomorrow (TTT)
by Wimal Modawansa Mon Oct 09, 2017 10:28 am

» Although there is a huge buying pressure, why not AINV.N move ?
by Eugine Fernando Mon Oct 09, 2017 10:25 am

» Next ALUF Target Price 40
by kcrRanz Mon Oct 09, 2017 10:23 am

» Russiyawata Wada Loki irrisiyawa
by sanjulanka Mon Oct 09, 2017 9:30 am

» This weaek runners...
by Wimal Modawansa Mon Oct 09, 2017 8:24 am

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by sameboy Mon Oct 09, 2017 7:11 am

Rupee softer on import demand; stocks flat

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Rupee softer on import demand; stocks flat

Post by Melissa Pereira on Mon Sep 28, 2015 10:19 am

The Sri Lankan rupee was slightly weaker yesterday  due to importer demand for dollars, although some exporter dollar sales and inward remittances slowed its fall, dealers said. Dealers said exporters were not selling the dollars below 141.00 level as they expect the central bank would intervene if the currency were to break 141.00. 

The spot rupee traded at 140.95/99 per dollar at 0602 GMT, a tad weaker from Wednesday’s close of 140.90/95. The market was closed for a holiday on Thursday. The rupee has fallen 4.4 percent since the central bank effectively floated it on Sept. 4. “The rupee is under pressure with exporters very reluctant to sell (foreign exchange) expecting further depreciation,” said a currency dealer, asking not to be named. Dealers said regulations were needed to make exporters convert their export proceeds. The market expects no impact on the rupee from the Central Bank’s monetary policy rate announcement scheduled later yesterday, which analysts expect to be held steady. 

The rupee hit a record low of 141.00 in early trade on Tuesday. It recovered when a state bank, through which the Central Bank usually directs the market, sold dollars to limit the fall. The market expects the currency to fall further in the short term if the Central Bank declines to tighten interest rates or the economy does not see strong inflows soon, some dealers said. The rupee float has won a thumbs-up from rating agencies and economists, but more reforms will be needed to support the currency and conserve the Central Bank’s modest reserves. In a bid to curb dollar outflows on vehicle purchases, the Central Bank on Sept. 15 imposed a 70 percent limit on loans and advances for vehicles, a move seen aimed at curbing demand for credit and stemming dollar outflows. Sri Lanka’s main stock index was 0.05 percent weaker at 7,111.01 at 0609 GMT. Turnover was at Rs. 401.55 million ($2.86 million). 

Melissa Pereira
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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