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COLOMBO (News1st): The selling rate of the Sri Lankan Rupee hit Rs 193.05 against the US dollar on Wednesday, central bank data show. The latest depreciation of the rupee began last Thursday as its selling rate crossed Rs 190 for the first time since March 24 this year. During the initial outbreak
Head east for long-haul value Britons in search of winter sun will find their money stretching farthest in Sri Lanka and south-east Asia, new research has shown. Sri Lanka is the most cost-effective long-haul destination for Britons, according to the Post Office Photo: ALAMY The Post Office’s annual “Long Haul Report”, which compares the cost of restaurant meals, drinks ...
The Sri Lankan rupee strengthened on Thursday as banks sold dollars on stock relatedinflows, dealers said. The rupee closed 1.1 percent firmer at 129.40/70 to thedollar compared with Wednesday's close ...
The Sri Lankan rupee is likely to strengthen toward the end of the year as import volumes cool after months of depreciation, Sri Lanka’s central bank governor said.
The Sri Lankan rupee is likely to strengthen toward the end of the year as import volumes cool after months of depreciation, Sri Lankas central bank governor told Dow Jones Newswires.
The Sri Lankan rupee hit a fresh record low of 134.00 to the dollar on Wednesday on importer demand for the U.S. currency, sparked by worries the local unit will weaken further after banks started quoting spot prices again for the local unit.
The Sri Lankan rupee hit a fresh record low of 134.00 to the dollar on Wednesday on importer demand for the U.S. currency, sparked by worries the local unit will weaken further after banks started quoting spot prices again for the local unit.
The Sri Lankan rupee market came to a standstill on Tuesday as banks stopped quoting spot prices against the U.S. dollar, after what dealers said was a request from the central to stop trading the ailing currency beyond the 133 level.
The Sri Lankan rupee market came to a standstill on Tuesday as banks stopped quoting spot prices against U.S. dollar, after what dealers said was a request from the central to stop trading the ailing currency beyond the 133 level.
The Sri Lankan rupee market came to a standstill on Tuesday as banks stopped quoting spot prices against U.S. dollar, after what dealers said was a request from the central to stop trading the ailing currency beyond the 133 level. .
Jun 25, Colombo: The Sri Lankan rupee is expected to appreciate to Rs 128 against the dollar in the latter half of the year despite some short-term problems, according to a recent report.
The Sri Lankan rupee fell to a record low of 133.60 against the dollar on Tuesday on importer demand for the U.S. currency as an IMF delegation went into a sixth day of discussions on the last tranche of a $2.6 billion loan.
The Sri Lankan rupee fell to a record low of 133.60 against the dollar today on importer demand for the U.S. currency as an IMF delegation went into a sixth day of discussions on the last tranche of a $2.6 billion loan.
The Sri Lankan rupee fell to a record low of 133.60 against the dollar on Tuesday on importer demand for the U.S. currency as an IMF delegation went into a...
Ceylon Grain Elevators PLC’s Net profit during the first quarter of the year 2012 has seen a massive drop compared with the same period of last year owing to high cost of sales and also Exchange losses. Issuing its interim financial results, the firm says, net profit during the first quarter of this year recorded a ...
With the Sri Lankan rupee made to float against the US$ and the Central Bank of Sri Lanka (CBSL) imposing restrictions on commercial banks on lending has caused much concern among the general public.
Dialog Axiata PLC announced yesterday that the depreciation of the SrI lankan Rupee relative to the USD by 12.4% QoQ, resulted in the provisioning of a non-cash translational Foreign Exchange loss of Rs 2.1Bn, leading to the Dialog Group recording a Net loss of Rs 531Mn for Q1 2012. andnbsp;
COLOMBO: The Sri Lankan rupee ended 0.8 percent firmer on Thursday as exporters converted dollars, fearing the local currency could appreciate heavily after a warning by the island nation's treasury secretary.
The Sri Lankan rupee rose more than 3 percent today as exporters sold dollars following the treasury secretary's threat to resume market interventions if the currency dropped beyond "tolerable" levels, Reuters reported.
Mar 25, Colombo: Dr. P. B. Jayasundera, Secretary to the Treasury expects the Sri Lankan rupee exchange rate with US dollar to stabilize at around Rs.125 in a 2-3 week time.
The Saudi Kingdom has offered financial aid worth SR 225 million (approximately Rs. 7.6 billion) for the upgrading of road networks in Sri Lanka. The draft agreement for the financial assistance was finalized in Riyadh on Monday during a meeting between the Vice Chairman of the Saudi Fund For Development (SFD) Yusuf Al-Bassam and Dr. ...
The Sri Lankan rupee hit a new low of around Rs.127.00 against the US dollar a while ago, currency dealers said
By Gayathri GeeganaarachchiIt is likely that the price of milk food and gas will go up in the coming days. The price of fuel went up around three weeks ago, and as a result the prices of all essential items too have gone up drastically -- while bus fares too were increased by 20 per cent.Milk food importing companies have requested the Consumer Affairs Authority (CAA) last week to permit a price i...
(Srilankamirror) - State intelligence has warned government authorities about a wave of public uprisings over economic hardships, ‘Sunday Lakbima’ reports. With the increase in the fuel prices and the depreciation of the Sri Lankan rupee, there will be serious issues with regard
and the depreciation of the Sri Lankan rupee. Import costs have gone up, according to them. The Consumer A...
A Sri Lankan Cabinet Minister today admitted that the country is facing economic difficulties, but added the issue is common for the entire world. Minister of Health Maithreepala Sirisena says it is in this backdrop the government had to take hard decisions such as raising fuel prices and imposing a fuel surcharge on electricity bills. Sirisena says ...
BMI’s prediction of a second devaluation of the Sri Lankan rupee played out on February 14, with the currency ending the day at LKR120.13/US$ – marking a 5.4% drop from when we called such a move in our online service on January 30. At one stage on February 15, the rupee diced with a record low
of the Sri Lankan rupee. He added that the price hike would take place after the next consignment of cement...
(Srilankamirror) - The Sri Lankan rupee opened weaker at 120.30/35 against the US dollar in the spot dollar market. It drifted lower as the foreign exchange market continued to look for direction but stocks opened stronger, LBO reports. Colombo All Share Index rose 1.6 percent
Sri Lanka’s Central Bank says the current developments taking place in the Forex market, which dealers describe as “volatile” is only a temporary development. The Bank says the recent depreciation of the Sri Lankan rupee seems to be a reaction of forex dealers, which it says are adjusting