Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Daily Foreign Transactions
by ruwan326 Today at 7:17 am

» EAST looks promising
by prabath Yesterday at 7:15 pm

» CTCE share holders get 1000 per share
by prabath Yesterday at 7:14 pm

» What companies to consider?
by mark Yesterday at 4:25 pm

» How to pick winning stocks by analysis not through predictions and gossip news-1
by ruwan326 Sat Jul 21, 2018 9:12 pm

» six-rules-to-follow-when-picking-stocks
by ruwan326 Sat Jul 21, 2018 8:59 pm

» MARKET CRASH - GUARANTEED
by samaritan Sat Jul 21, 2018 11:45 am

» BPPL going to be a gem
by ruwan326 Fri Jul 20, 2018 8:23 pm

» Sri Lankan shares close at 3-week high; Keells leads
by Miss-Sangeetha Fri Jul 20, 2018 7:40 pm

» expo.. @4.00
by Sameerad Fri Jul 20, 2018 12:26 pm

» ASI And The Future of Investors
by ruwan326 Fri Jul 20, 2018 9:45 am

» Keells Foods net profit grows 34-pct in June quarter, revenues up
by DS Wijesinghe Thu Jul 19, 2018 10:26 pm

» LAST CHANCE TO BUY ALHP BELOW 1.30
by ruwan326 Thu Jul 19, 2018 9:05 pm

» LDEV GEARING UP
by ruwan326 Thu Jul 19, 2018 8:56 pm

» World Bank and Dept. of Commerce elevate Sri Lanka int’l trade to global info platform
by ruwan326 Thu Jul 19, 2018 7:19 pm

» Market will be Green today
by ruwan326 Thu Jul 19, 2018 6:52 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » Rupee weaker on importer DOLLAR demand

Rupee weaker on importer DOLLAR demand

Go down  Message [Page 1 of 1]

1 Rupee weaker on importer DOLLAR demand on Fri Oct 30, 2015 5:09 pm

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Rupee weaker on importer DOLLAR demand


Reuters: The rupee ended slightly weaker on Thursday as importer dollar demand outpaced greenback sales by exporters, dealers said.
The rupee ended at 140.95/00 per dollar, compared with Wednesday’s close of 140.85/95. The local currency ended stronger on Wednesday due to panic selling by exporters on fears of a rise in the currency after a sovereign bond sale.

Sri Lanka borrowed $1.5 billion via a 10-year sovereign bond sale on Tuesday at a 6.85% yield, down from an initial guidance of about 7%. 
“The rupee is weaker due to importer demand. Panic selling by exporters, which was there in early trade, has also reduced,” a currency dealer said on condition of anonymity.
Some dealers said the bond inflows are unlikely to help the currency in the medium term because of the heavy repayment in the near future.
The rupee hit a record low of 141.40 per dollar on 28 September, but recovered slightly after a State-run bank sold dollars.



30 October, 2015 08:59 AMSource: Financial Times - Sri Lanka

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum