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» Elsewhere vs SL : Honesty, Social responsibility , Word twisting and Decency
Yesterday at 7:50 pm by nihal123

» Dividend Announcement
Yesterday at 5:03 pm by Ethical Trader

» සතියක් තුළ දී ඒකක 90 කින් කොටස් වෙළෙඳපොළ පහළට. විදෙස් විකුණුම් තවදුරටත්
Yesterday at 4:46 pm by Ethical Trader

» බියර් සමාගමේ ලාභය 133% කින් වැඩිවෙද්දී අරක්කු සමාගමේ ලාභය 83% කින් වැඩිවෙලා
Yesterday at 4:45 pm by Ethical Trader

» Obituary Notice.
Fri Aug 17, 2018 9:16 am by කිත්සිරි ද සිල්වා

» රුපියල 161.54ට යයි
Thu Aug 16, 2018 10:34 pm by nihal123

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Thu Aug 16, 2018 2:14 pm by lanka

» අනං මනං! #/+?.<>
Wed Aug 15, 2018 12:49 pm by Ethical Trader

» ආදායම් බද්දෙන් ආසිරි තැලෙයි
Wed Aug 15, 2018 12:30 pm by Ethical Trader

» Sri Lankan listed firms told to pay dividends directly to shareholder bank accounts
Tue Aug 14, 2018 2:38 am by pjrngroup

» Sri Lanka's Hayleys group to sell assets to reduce debt
Mon Aug 13, 2018 10:05 pm by nihal123

» අපේ දුම්රිය සේවය තැබු ලෝක වර්තාව; වර්ජනයේ අරමුණ රුපියල් 11605 කින් පඩි වැඩිකර ගැනීම!
Mon Aug 13, 2018 3:05 pm by Yin-Yang

» "මාව පෙළඹෙව්වේ සංගක්කාර" - ඉන්දීය ක්‍රිකට් ක්‍රීඩිකා ස්ම්‍රිති මන්දනා
Sat Aug 11, 2018 5:08 pm by Ethical Trader

» Sri Lanka's Ceylon Tobacco net up 47-pct, volumes grow
Fri Aug 10, 2018 5:19 pm by Ethical Trader

» Sri Lanka's Tokyo Cement in the red, vessel sale adds to loss
Fri Aug 10, 2018 2:27 pm by The Invisible

» Sri Lanka’s Watawala Plantations June net down 57-pct
Fri Aug 10, 2018 2:26 pm by The Invisible

» Sri Lanka’s Aitken Spence Hotel June quarter losses rise 22-pct
Fri Aug 10, 2018 2:23 pm by The Invisible

» ඩොලරයේ වැඩිම විකුණුම් මිල අද වාර්තා වෙයි
Fri Aug 10, 2018 9:00 am by Ethical Trader

» BOC New Internet Banking System
Wed Aug 08, 2018 6:29 pm by Rana

» PB. N0000 (People's Bank)
Wed Aug 08, 2018 11:55 am by Ethical Trader

» දේශපාලනික වාසි උදෙසා සිදුවන ප්‍රතිපත්ති වෙනස්වීම් ගැන මහ බැංකුව මෙසේ කියයි
Wed Aug 08, 2018 11:34 am by Ethical Trader

» Amazing හෙළ වෙදකම
Wed Aug 08, 2018 11:00 am by Ethical Trader

» විදේශිකයෝ ඩොලර් මිලියන 229 ක බැඳුම්කර ආයෝජන ඉවත් කර ගනිති
Tue Aug 07, 2018 12:22 pm by Ethical Trader

» මූල්‍ය සමාගම් ඒකාබද්ධ කිරීම වක්‍රාකාරයෙන් සිදුවෙනවා – මහ බැංකු නියෝජ්‍ය අධිපති කියයි
Tue Aug 07, 2018 12:21 pm by Ethical Trader

» සිංගප්පූරු ගිවිසුමෙන් අපනයන වාසියක් නැහැ – මහ බැංකු අධිපති
Tue Aug 07, 2018 12:19 pm by Ethical Trader

» Sri Lanka to miss IMF forex reserve target; seek waiver
Mon Aug 06, 2018 10:45 am by The Invisible

» Sri Lanka targets lower forex reserves for end 2018
Mon Aug 06, 2018 10:43 am by The Invisible

» Sri Lanka economy to grow 4.0-pct in 2018
Mon Aug 06, 2018 10:42 am by The Invisible

» More curbs on cars as Central Bank battles trade gap
Mon Aug 06, 2018 10:40 am by The Invisible

» What Sri Lanka can do to improve the credibility of its dollar soft-peg
Mon Aug 06, 2018 10:39 am by The Invisible

» Sri Lanka's Hayleys Fabric back in profit in June quarter
Sun Aug 05, 2018 12:11 am by spw19721

» Sri Lanka keeps rates unchanged
Fri Aug 03, 2018 6:10 pm by Ethical Trader

» Sri Lankan shares end up 0.1-pct, foreigners buy NTB
Fri Aug 03, 2018 6:08 pm by Ethical Trader

» Sri Lanka sharply raises tax on small hybrid cars
Fri Aug 03, 2018 6:03 pm by Ethical Trader

» Sri Lanka inflation accelerates to 5.4-pct in July
Fri Aug 03, 2018 5:54 pm by Ethical Trader

» බදු ඉහළට. Wagon R, Japan Alto, Spacia ඇතුළු පොඩි කාර් මිල වැඩිවෙන්නේ මෙහෙමයි
Fri Aug 03, 2018 1:28 pm by කිත්සිරි ද සිල්වා

» India police hunt eight men after sex attack on goat
Wed Aug 01, 2018 1:04 pm by slstock

» Yes, we Khan!
Wed Aug 01, 2018 1:03 pm by කිත්සිරි ද සිල්වා

» ඡන්ද කටේ ,කුලියාපිටියේ ඇදෙන Volkswagen කතාවේ ඇත්ත තත්ත්වය මෙහෙමයි
Wed Aug 01, 2018 7:46 am by serene

» Should CSE be like this? Whose FAULT is it?
Tue Jul 31, 2018 8:24 pm by spw19721

» ලෝකය යා කරන චීන ඉදිකිරීම් වේගවත් කරන යෝධ යන්ත්‍ර
Tue Jul 31, 2018 6:08 pm by Ethical Trader

» 'කාලතුවක්කු උණ්ඩ ගස': "ඉන්දියාවේ තබා ආසියානු කලාපයේ ශාකයක් නොවෙයි"
Tue Jul 31, 2018 5:49 pm by Ethical Trader

» Happy Birthday
Mon Jul 30, 2018 10:27 pm by serene

» Whats ailing Sri Lanka ? Why we are what we are!
Mon Jul 30, 2018 5:48 pm by Ethical Trader

» Lunar Eclipse
Sun Jul 29, 2018 10:56 am by Ethical Trader

» ගුවන් යානා තුළ මකුණන් සිටීමට හේතුව කාලගුණය බව 'එයාර් ඉන්දියා' සමාගම පවසයි
Sun Jul 29, 2018 10:54 am by Ethical Trader

»  Woman finds frog parts in her packet of 'kottu'
Sun Jul 29, 2018 8:42 am by කිත්සිරි ද සිල්වා

» අඟහරු ග්‍රහයා මත ද්‍රවීය ජලය ඇති 'විලක්' ඇතැයි හෙළිවේ
Thu Jul 26, 2018 5:02 pm by Ethical Trader

» තායිලන්ත ලෙනෙන් මුදවාගත් දරුවන් තාවකාලික පැවිදි දිවියට
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Sri Lanka rupee close flat after US$136mn interventions,stocks steady

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Sri Lanka rupee close flat after US$136mn interventions,stocks steady

Post by The Invisible on Fri May 11, 2018 7:21 pm

ECONOMYNEXT - The Sri Lanka rupee closed steady against the US dollar on Friday with the cental bank selling over 136 million dollars to defend the currency in recent days after printing money, while gilts and stocks closed flat with foreign selling in Sampath Bank, dealers and brokers said.

The rupee closed steady near a historic low 157.85/158.10 rupees against the US dollar in the spot market, unchanged from the previous close.

Dealers said there was uncertainty in the market with the monetary authority intervening to defend the currency and Central Bank governor Indrajit Coomaraswamy saying forex dealers would be probed.

The rupee fell sharply from 155 rupee-levels in April after the Central Bank printed money to enforce low rates which resulted in excess liquidity fuelling importer demand.

Interventions have so far been unsterilized, with the central bank spending about 100 million dollars net, to mop 15.7 billion rupees of money printed, which pressured the currency. The same effect can be achieved by selling down Treasury bills.

Gilt yields were relatively stable with two-way quotes seen narrowing.

A five-year bond maturing in 2023 closed at 10.42/45 percent in two-way quotes, compared to 10.41/45 percent the previous day.

A ten-year bond maturing in 2028 closed at 10.70/80 percent, with quotes narrowing from 10.65/80 percent the previous day.

The Colombo All Share index closed 0.84 points lower, down 0.01 percent to 6,478.87, and the S&P SL20 of more liquid stocks shed 3.75 points to close 0.10 percent lower at 3,622.11.

Market turnover was 769.5 million rupees, up 24.34 percent from the previous day.

BRAC Lanka Finance (down 15.80 rupees to 51.40 rupees), Dialog (down 20 cents to 14.20 rupees), Commercial Bank (down 1 rupee to 133.10 rupees) and John Keells Holdings (down 30 cents to 162 rupees) weighed down the index.

Net foreign buying was 24.3 million rupees, down from 40.5 million rupees the previous day. Foreign buying in Tokyo Cement was 25 million rupees, followed by 24 million rupees in Nations Trust Bank, according to Asia Securities.

Tokyo Cement closed unchanged at 55 rupees and Nations Trust Bank gained 60 cents to 86.10 rupees.

Foreign selling in Sampath Bank was 38 million rupees. The stock closed 60 cents lower at 299.30 rupees.

Off-market negotiated trades, or crossings, amounted to 236.2 million rupees and was 30.7 percent of market turnover.

Two crossings in Melstacorp amounted to 156.6 million rupees, and one crossing each in Sampath Bank (31.4 million rupees), Tokyo Cement (25 million rupees) and Fist Capital (23.1 million rupees).

Melstacorp closed 40 cents higher at 58 rupees and First Capital was unchanged at 30 rupees. (COLOMBO, 11 May 2018)
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The Invisible

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