Rupee down on stock-related dollar demand; shares rise

11 December 2015 06:30 pm - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS - The Sri Lankan rupee was slightly weaker in morning trade yesterday as dollar demand due to stocks-related foreign fund outflow and from importers outpaced selling of the greenback by exporters, dealers said.
Inward dollar remittances before the start of the festival however helped lift some pressure off the rupee, they added.
The rupee was at 143.25/35 per dollar at 0613 GMT compared with Thursday’s close of 143.20/30.
“Some demand is building up, some foreign banks are buying on stock-related activities,” said a currency dealer, asking not to be named. Dealers expect the currency to stay around 143.15 to 143.30.
The Central Bank conducted a repo auction on Tuesday, the second straight day since Feb. 27, to absorb excess rupee liquidity and curb pressure on the exchange rate.
Sri Lanka’s main stock index was 0.18 percent higher at 6,836.30 at 0620 GMT. Turnover stood at Rs.295 million ($2.06 million).
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Employees’ health and safety our top-most priority - Brandix

When inquired, Brandix Apparel Limited said that health and safety of employe

“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.