Wednesday Feb 12, 2025
Saturday, 27 December 2014 00:05 - - {{hitsCtrl.values.hits}}
Rupee forwards end little changed on tepid demandReuters: Rupee forwards closed little changed on Friday, with dealers saying they expect the local currency to remain flat until year-end due to lacklustre demand in the holiday season. The three-day forwards, or spot-next, which started to trade on Monday after nearly four weeks, ended the day at 131.99/132.04 per dollar, compared to Wednesday’s close of 131.99, dealers said. Both the currency as well as stock markets were closed on Thursday for Christmas. “It seems the Central Bank is comfortable with spot next trading,” said a currency dealer asking not to be named. Four-day forwards closed little changed at 132.02/06 per dollar compared with Wednesday’s close of 131.99/132.05. Dealers said unusually high imports towards the end of 2014 amid lower interest rates and a stable exchange rate have put pressure on the rupee. The spot currency was not traded after the Central Bank capped the currency at a predetermined level to prevent volatility, traders said. Central Bank Governor Ajith Nivard Cabraal said last week that he expected the rupee to be stable during this month. Overseas investors sold a net Rs. 706 million worth of Government securities during the week ended 24 December, extending the net foreign outflow in the month so far to Rs. 6.38 billion. |
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.