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» TPL.N0000 (TALAWAKALE PLANTATIONS )
Rupee extends recovery ahead of rate decision; stocks down EmptyToday at 12:08 pm by yellow knife

» Dividend Announcement
Rupee extends recovery ahead of rate decision; stocks down EmptyToday at 10:08 am by Rana

» Life After Google
Rupee extends recovery ahead of rate decision; stocks down EmptyYesterday at 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
Rupee extends recovery ahead of rate decision; stocks down EmptyYesterday at 6:37 am by nihal123

» SAMP.N0000 (SAMPATH BANK PLC)
Rupee extends recovery ahead of rate decision; stocks down EmptyMon Jun 24, 2019 11:09 pm by hariesha

» Future of Tea Industry
Rupee extends recovery ahead of rate decision; stocks down EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
Rupee extends recovery ahead of rate decision; stocks down EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
Rupee extends recovery ahead of rate decision; stocks down EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» Access Engineering AEL Technical Analysis
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» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Rupee extends recovery ahead of rate decision; stocks down EmptySun Jun 23, 2019 9:14 pm by hammurabi

» Thread for News on CSE and SL Economy
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»  Rajgama heroes !
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» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
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» First capital holdings
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» Happy Father's Day !
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» DPL.N0000 (Dankotuwa Porcelain PLC)
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» Re: Financial reports Q1-2019
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» SEYB.N0000 ( SEYLAN BANK PLC )
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» NTB.N0000 (NATIONS TRUST BANK PLC)
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» PABC.N0000 (Pan Asia Banking Corporation PLC)
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» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
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» HNB.N0000 ( Hatton National Bank PLC)
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» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
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» DFCC.N0000 ( DFCC BANK PLC )
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» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
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» අනං මනං! #/+?.<>
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» Should CSE be like this? Whose FAULT is it?
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» CCS.N0000 ( Ceylon Cold Stores)
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» MCPL.N0000
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» Tourism sector
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» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
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» Easter Sunday Attack and Sri Lanka
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» In the Meantime, Within Our Shores !
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» What to Analyse
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» Tolerance at its Best !
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» විශ‍්‍රාම ගැන්වීමේ වයස් සීමාව ඉහළ දැමීමට මහ බැංකුවෙන් යෝජනාවක්
Rupee extends recovery ahead of rate decision; stocks down EmptyTue May 28, 2019 8:03 am by කිත්සිරි ද සිල්වා

» සදහම් අටුවාව
Rupee extends recovery ahead of rate decision; stocks down EmptyTue May 28, 2019 7:07 am by ruwan326

» බැරි වෙලා වත් අනික් පැත්ත උනොත්...?
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» Sri Lanka at Cross Roads: Time to Learn, Unlearn and Relearn - Prof Rohan Gunaratna
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» Songs to listen
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» Dhammika Perera non-committal on common candidate speculation
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» Films - To Watch List
Rupee extends recovery ahead of rate decision; stocks down EmptyWed May 22, 2019 10:04 am by කිත්සිරි ද සිල්වා

» Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei
Rupee extends recovery ahead of rate decision; stocks down EmptyTue May 21, 2019 2:06 pm by Ethical Trader

» Presidential poll between 15 Nov-7 Dec
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» Flying is the Safest mode of Transport
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» My Port Folio Bleeding But Its just the Begining Of..
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» Sri Lanka mulls 25-pct ownership limit in finance companies
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» Searing Heat in China Is Causing Havoc for Rubber Makers
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» Israeli spyware breached WhatsApp security
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» Is Burka prohibted ?
Rupee extends recovery ahead of rate decision; stocks down EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

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Rupee extends recovery ahead of rate decision; stocks down

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Rupee extends recovery ahead of rate decision; stocks down Empty Rupee extends recovery ahead of rate decision; stocks down

Post by nihal123 on Tue Oct 02, 2018 11:02 am

Reuters: The Sri Lankan rupee closed firmer on Monday, further recovering from a record low touched last week as banks sold dollars ahead of the central bank’s monetary policy meeting while shares fell for a third straight session to hit a four-and-a-half-year low amid foreign outflows.

On Friday, the rupee touched its all-time low of 169.40 per dollar on importer demand for the greenback and foreign selling in government securities, but intervention by the central bank helped the currency close firmer, market sources said.

Sri Lanka’s Central Bank is expected to raise its key interest rates on Tuesday, a Reuters poll showed, to prop up the rupee amid foreign outflows from government bonds and after the US Federal Reserve raised rates last week.

The rupee ended at 168.90/169.00 per dollar, compared with the previous close of 169.15/30.

The rupee weakened 4.7% in September against the dollar after a 1.2% drop in the previous month, and has declined 10.2% so far this year.

The Colombo stock index fell 0.76% to 5,817.54, its lowest close since 18 Dec 2013. The bourse fell 3.6% last month and is down 8% so far this year.

Data from the Central Bank showed foreign investors sold government securities worth a net Rs. 10.2 billion ($60.36 million) in the week ended 26 September, the highest since the week to 6 December. Sri Lanka has suffered a net outflow of Rs. 72.5 billion in securities so far this year.

Stock market turnover was Rs. 177.1 million ($1.05 million) on Monday, its lowest close since 6 September and less than a third of this year’s daily average of Rs. 784.4 million.
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