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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ »  Ensure strengthening the rupee and moving forward - Ravi K says to Media while Rupee starts to go down

Ensure strengthening the rupee and moving forward - Ravi K says to Media while Rupee starts to go down

+4
Gainer
Shammi Dharshana
jayathu
Pac-man
8 posters

Go down  Message [Page 1 of 1]

Pac-man

Pac-man
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

This is what our great new finance minster said.  "Reducing interest rates"
Direct impact to CFVF,ESL,MFL,CSEC
Indirectly to the whole economy and all shares, since lending rates will drop.
Brokers will only try to make money for them and not for you. So u decide what to BUY.

http://www.lankabusinessonline.com/sri-lankas-new-finance-minister-says-wont-allow-artificial-devaluation-high-interest-rates/

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Exports will be benifited. As a country which depends on imports will be adversely effected. Cost of living will rise up,trade deficit will widen. Rupee value came to a level where they couldn't control it further without our foreign reserve getting depleted. Our debt repayment level will rise rapidly due to most of the loans ar taken in dollars.

Don't buy cfvf n ESL nw

Shammi Dharshana

Shammi Dharshana
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Mr by pac_man wt do u think csec,cfvf good to buy or sell this situation plz explain

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

"Reducing interest rates" good for Finance company

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Reducing interest rate won't happen anytime soon. Ravi is an idiot, he just say stuff without thinking it through. Hw can he justify a further rate reduction???

He should tackle the the imminent problem we are facing.rapid devaluation of currency, widening trade gap, skyrocketing loan repayment amount and continuous deflation happening in Sri Lanka.
Fr the first issue they got a temporarily solution with the currency swap but that isn't sufficient enough.

Teller

Teller
Moderator
Moderator

Food companies will benifit with out risk as every one wants to EAT.

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

jayathu wrote:Reducing interest rate won't happen anytime soon. Ravi is an idiot, he just say stuff without thinking it through. Hw can he justify a further rate reduction???

He should tackle the the imminent problem we are facing.rapid devaluation of currency, widening trade gap, skyrocketing loan repayment amount and continuous deflation happening in Sri Lanka.
Fr the first issue they got a temporarily solution with the currency swap but that isn't sufficient enough.
What to do machan,King and family stolen our resources in Billions and having bangalows and hotels in foreign soil.If we can bring those funds to our country through interpol and help of other countries,we could reduce skyrocketing loan repayment 

Also king built useless mattala airport etc. 

  pale pale pale

Ryan Hudson


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Foolish Sira and mad ranil with stolen money from people upto 72000 million rs. within 200 days of government, and striking havoc inthis country all intelligent people should migrate to escape from grand robbers like my3 ranil and ravi

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

focus on the market

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