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?

Rupee falls as state bank lowers exchange rate Vote_lcap68%Rupee falls as state bank lowers exchange rate Vote_rcap 68% [ 178 ]
Rupee falls as state bank lowers exchange rate Vote_lcap18%Rupee falls as state bank lowers exchange rate Vote_rcap 18% [ 47 ]
Rupee falls as state bank lowers exchange rate Vote_lcap13%Rupee falls as state bank lowers exchange rate 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

» VFIN super performance
by chandike73 Yesterday at 6:03 pm

» Today is the Best - Day to buy CLC ..!
by Sapudev Yesterday at 5:45 pm

» LOFC AND CLC Target Price??
by Sapudev Yesterday at 5:37 pm

» Thoughts on SINS
by Bakka1988 Yesterday at 2:52 pm

» LGL.N_UPDATES
by thananjey Yesterday at 2:43 pm

» Rubber prices hit 4-month high; here are key driving factors
by ResearchMan Yesterday at 2:13 pm

» Lubricant oil Prices increases for third time.. Keep eye on Industry
by rukshan1234 Yesterday at 1:40 pm

» Bad news, bulls: Bank of America sees stocks flatlining through 2022
by ResearchMan Yesterday at 1:28 pm

» ACCESS ENGINEERING PLC (AEL.N0000)
by samaritan Yesterday at 1:20 pm

» Dusit Thani Sri Lanka project halted?
by js71 Yesterday at 12:59 pm

» China-US freight rates plunge
by ResearchMan Yesterday at 12:16 pm

» Europe Gas: Prices fall as drop in coal markets offsets higher demand
by ResearchMan Yesterday at 12:13 pm

» EXPO/BILL/LOLC
by Stockbull Yesterday at 12:04 pm

» Maharaja after long time
by Wickyz Yesterday at 11:59 am

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by Wickyz Yesterday at 11:50 am

» LOLC gets balance $ 225 m from Cambodia PRASAC stake sale
by stockchaser Yesterday at 10:45 am

» KELANI TYRES PLC (TYRE.N0000)
by Value Pick Yesterday at 10:38 am

» NIFL is about to run towards ATH
by Jay-Jay Yesterday at 9:54 am

» The fate of NIFL .. CLC .. LOFC under LOCH
by Jay-Jay Yesterday at 9:50 am

» Lanka IOC draws investor interest at CSE
by samaritan Yesterday at 9:36 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™ » Rupee falls as state bank lowers exchange rate

Rupee falls as state bank lowers exchange rate

Go down  Message [Page 1 of 1]

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The Sri Lankan rupee was trading weaker yesterday aftear a state-owned bank pegged its exchange rate to the dollar at 133.80, 20 cents lower than its previous close, dealers said, the first fall in seven sessions for the spot currency. 

The state-run bank had since July 2 sold dollars at 133.60 until Friday to keep the currency stable. “The state bank is selling at 133.80,” a currency dealer said. “There is importer demand because it is the first day after the weekend.” 

The currency has appreciated 0.3 percent through Monday since it hit a record low of 134.20 against the dollar on June 18. The Central Bank may not be able to sustain the rupee’s appreciation trend as import demand could pick up due to lower interest rates, dealers and analysts said. The pressure on the currency could also build if exporters stop selling dollars until after the August 17 Parliamentary elections, dealers said.
Courtesy: Daily Mirror 14 July 2015

Back to top  Message [Page 1 of 1]

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