FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Sri Lanka rupee weaker, rates steady Vote_lcap68%Sri Lanka rupee weaker, rates steady Vote_rcap 68% [ 178 ]
Sri Lanka rupee weaker, rates steady Vote_lcap18%Sri Lanka rupee weaker, rates steady Vote_rcap 18% [ 47 ]
Sri Lanka rupee weaker, rates steady Vote_lcap13%Sri Lanka rupee weaker, rates steady Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» ACCESS ENGINEERING PLC (AEL.N0000)
by C.THARANGA Today at 12:38 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Captain Yesterday at 11:12 pm

» EXPO/BILL/LOLC
by Stockbull Yesterday at 9:39 pm

» EDEN HOTEL LANKA PLC (EDEN.N0000)
by Stockbull Yesterday at 2:06 pm

» The fate of NIFL .. CLC .. LOFC under LOCH
by svkiruba8@gmail.com Yesterday at 1:39 pm

» LOFC AND CLC Target Price??
by svkiruba8@gmail.com Yesterday at 1:36 pm

» Bitcoin could trigger financial meltdown, warns Bank of England deputy
by Sunimal Yesterday at 10:21 am

» VFIN super performance
by chandike73 Fri Oct 22, 2021 6:03 pm

» Today is the Best - Day to buy CLC ..!
by Sapudev Fri Oct 22, 2021 5:45 pm

» Thoughts on SINS
by Bakka1988 Fri Oct 22, 2021 2:52 pm

» LGL.N_UPDATES
by thananjey Fri Oct 22, 2021 2:43 pm

» Rubber prices hit 4-month high; here are key driving factors
by ResearchMan Fri Oct 22, 2021 2:13 pm

» Lubricant oil Prices increases for third time.. Keep eye on Industry
by rukshan1234 Fri Oct 22, 2021 1:40 pm

» Bad news, bulls: Bank of America sees stocks flatlining through 2022
by ResearchMan Fri Oct 22, 2021 1:28 pm

» Dusit Thani Sri Lanka project halted?
by js71 Fri Oct 22, 2021 12:59 pm

» China-US freight rates plunge
by ResearchMan Fri Oct 22, 2021 12:16 pm

» Europe Gas: Prices fall as drop in coal markets offsets higher demand
by ResearchMan Fri Oct 22, 2021 12:13 pm

» Maharaja after long time
by Wickyz Fri Oct 22, 2021 11:59 am

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by Wickyz Fri Oct 22, 2021 11:50 am

» LOLC gets balance $ 225 m from Cambodia PRASAC stake sale
by stockchaser Fri Oct 22, 2021 10:45 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka rupee weaker, rates steady

Sri Lanka rupee weaker, rates steady

Go down  Message [Page 1 of 1]

1Sri Lanka rupee weaker, rates steady Empty Sri Lanka rupee weaker, rates steady Tue May 29, 2012 1:46 pm

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
May 29, 2012 (LBO) - Sri Lanka's rupee was quoted weaker around 131.40/50 to the US dollar in the spot market Tuesday while bond yields were flat from a day earlier, dealers said.

The rupee has weakened from around 129 rupees to current levels the US dollar over the past three weeks as rupee liquidity levels remained high particularly after a large unsterilized dollar purchase.

Analysts has said the Central Bank should quickly mop up excess liquidity in the banking system by outright sales of its Treasuries holdings to lock up foreign reserves, to prevent the rupee peg coming under pressure from unsterilized dollar purchases.

LBO's economics columnist fuss-budget has warned that if the unsterilized dollar purchases continue with no matching unsterilized dollar sales, the rupee would weaken.

If foreign exchange is given for oil payments via sterilized sales also the rupee would weaken, making the rupee a slowly weakening 'crawling peg'.

If liquidity is aggressively mopped the rupee could be strengthened as interest rate movement in government securities markets seem to indicate that credit pressure is not as great as it was earlier in the year.

Three month bills were bid at around 11.10 percent with no offers and 6-month bills at around 12.10 percent with no offers.

On Tuesday a 2-year bond maturing on March 01, 2014 was quoted around 13.10/20 percent, the same as a day earlier, but about 10/15 basis points higher from Friday, dealers said.

A 3-year bond was quoted around 13.65/75 percent this week to yield slightly higher from 13.50/65 percent levels last week.
http://lbo.lk/fullstory.php?nid=1610845154

Back to top  Message [Page 1 of 1]

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