Sri Lanka

Sri Lanka’s stock market moves higher, concerns over weak rupee

Sri Lanka’s stock market rose more than 1 percent on Friday with retail and foreign investors buying shares in thin volumes in an overall skittish market concerned about a weak Sri Lankan rupee and the outlook for interest rates. The main index gained 1.1 percent, or 53.03 points, to 4,885.18, its highest since May 28. “There was bargain hunting and we saw
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More Sri Lanka Foreign Exchange News

Sri Lankan rupee foreign exchange rate edges lower against US dollar

The Sri Lankan rupee’s foreign exchange rate edged lower on Monday on last minute importer dollar demand for the upcoming new year season, and as traders shrugged off an expected $400 million inflow from the IMF’s latest release of a loan

Sri Lankan rupee’s foreign exchange rate hits record low against the US dollar

Sri Lankan rupee’s foreign exchange rate hit a new record low of 125.60 on Friday against the US dollar due to importer dollar demand despite a large dollar inflow to ...

Sri Lankan rupee foreign exchange rate weaker, sovereign credit rating at risk

The Sri Lankan rupee’s foreign exchange rate ended weaker on Wednesday on importer US dollar demand, as traders shrugged off central bank intervention signals and rating agencies warned the sovereign ...

Sri Lankan rupee foreign exchange rate falls heavily against US dollar

The Sri Lankan rupee’s foreign exchange rate fell heavily and breached the 120 mark against the US dollar on Wednesday and the Central Bank of Sri Lanka (CBSL) sought to ...

US dollar inflows to soften depreciation pressure on the Sri Lankan rupee’s exchange rate

Sri Lanka’s central bank on Thursday said it expects US dollar inflows in the next two months to soften depreciation pressure on the Sri Lankan rupee’s exchange rate, which it ...

Sri Lanka’s monetary policy remains appropriate – central bank

Sri Lanka’s monetary policy is “appropriate,” central bank Governor Ajith Nivard Cabraal said, signaling he isn’t yet ready to cut interest rates to bolster the island’s economy even as inflation ...

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