Rupee down

Saturday, 13 July 2013 00:37 - - {{hitsCtrl.values.hits}}

Reuters: The rupee fell 0.29% on Friday as the Central Bank stayed away from the market after intervening earlier in the week, dealers said. The rupee closed at 130.95/131.00 to the dollar, weaker than Thursday’s close of 130.60/80. “There was good liquidity for the importer dollars demand and we have not seen Central Bank intervention,” said a currency dealer asking not to be named. The rupee fell 3.12% in June as foreign investors pulled out of Sri Lankan Treasury bonds due to a rise in US treasury yields on concerns the Federal Reserve would soon start trimming its stimulus program. Currency dealers expect the depreciation pressure to ease after Federal Reserve Chairman Ben Bernanke signalled that the US central bank may not be as close to slowing stimulus as investors had begun to expect.

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.