Thu, 23 Sep 2021 Today's Paper

Rupee ends firmer on inward remittances

28 November 2017 12:29 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: The Sri Lankan rupee closed marginally higher yesterday, as dollar inflows from inward remittances outpaced demand from importers for the US currency, dealers said.


The spot rupee closed at 153.63/70 per dollar, compared with Friday’s close of 153.75/80.


“The demand for dollars was there today, but rupee ended firmer due to the inward remittance for salaries,” said a currency dealer who declined to be named. The rupee has lost 2.7 percent so far this year and dealers say it is expected to face pressure with imports of more low-end vehicles, on which the government has already reduced taxes.


The government imposed new taxes on high-end vehicles, telecoms, banks and liquor in a bid to boost revenues in its 2018 budget presented earlier this month.
Foreign investors net bought equities worth Rs.18.4 billion this year as of yesterday’s close. They net bought government securities worth Rs.46.7 billion as of November 22, official data showed. 

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




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.

 


Waiver of registration questioned: Import of covid related drugs, products shrouded in controversy

The National Medicines Regulatory Authority- the independent authority that r

Mysterious disease killing pups!

A mysterious respiratory disease affecting puppies in the Central Province is

Jacqueline Fernandez; Lankan Star Shining in Indian Film Sky

Sri Lanka’s Jacqueline Fernandez who has made a name for herself in India

Young families share stories of pregnancy in a pandemic

For hundreds of expectant and new mothers, pregnancy and childbirth are nothi