Rupee falls to near 4-month low on foreign selling of Govt. bonds

Saturday, 27 September 2014 00:10 - - {{hitsCtrl.values.hits}}

Reuters: The rupee fell to a near four-month low on Friday as some foreign bond holders sold government securities on concerns of lower returns following the Central Bank’s monetary policy decision, dealers said. Currency dealers cited lower optimism for the currency’s outlook after the Central Bank on Tuesday limited commercial banks’ access to the standing deposit facility or the repo window. The spot currency ended at 130.40/45 per dollar, its lowest since 2 June and weaker from Thursday’s close of 130.35/40.

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.