Sri Lankan rupee edges up; stocks down for third session

Reuters: ** The Sri Lankan rupee ended slightly higher on Thursday, easing from a record low hit in the previous session, as exporters dollar sales surpassed importer demand for the greenback in dull trade, while stocks ended weaker for a third straight session to hit a one-week low.

** The rupee ended at 171.20/40 per dollar, compared with the previous close of 171.30/50. 

** The rupee fell to an all-time low of 171.60 per dollar on Wednesday, surpassing the previous low of 171.00 hit on Tuesday amid foreign selling in government securities and exporter greenback sales, market sources said. 

** The central bank surprised financial markets on Oct. 2 by leaving its key policy rates unchanged, despite heavy pressure on the rupee and foreign outflows from government securities. 

** The central bank said on Oct. 2 it purchased 4 million dollars from the market in the previous day, but it has sold a net 184 million dollars in the market so far this year to defend the currency.

** The rupee has weakened 1.24 percent so far this month after a 4.7 percent drop in September against the dollar. It has declined 11.54 percent so far this year, recording its sharpest fall since 2001.

** The Colombo stock index ended 0.57 percent down at 5,838.48, its lowest close since Oct. 4 and slipping further away from its highest close since Sept. 20 hit on Monday. The index fell to its lowest close since Dec. 13, 2013 on Tuesday. It fell 3.6 percent last month and is down 8.3 percent so far this year.

** Data from the central bank showed foreign investors sold government securities worth a net 1.8 billion rupees ($10.58 million) in the week ended Oct. 3. Sri Lanka has seen a net outflow of 74.3 billion rupees in securities so far this year.

** Stock market turnover was 301.8 million rupees ($1.76 million) on Thursday, less than half of this year’s daily average of 766.9 million rupees.

** Foreign investors were net sellers of 50.2 million rupees worth of shares on Thursday extending the year to date net foreign outflow to 6.3 billion rupees worth of equities. 

($1 = 171.1000 Sri Lankan rupees) 

(Reporting by Ranga Sirilal; Editing by Sunil Nair)

Sri Lankan rupee hits fresh low for 6th straight session; stocks down

Reuters: ** The Sri Lankan rupee hit a record low for a sixth straight session on Wednesday as importers and foreign banks bought the dollar amid outflows from government securities, while stocks ended weaker for a second straight session.

** The rupee fell to an all-time low of 171.60 per dollar, surpassing the previous low of 171.00 hit on Tuesday amid foreign selling in government securities and exporter greenback sales, dollar sales by states banks capped the fall, market sources said. 

** The central bank surprised financial markets on Oct.2 by leaving its key policy rates unchanged, despite heavy pressure on the rupee and foreign outflows from government securities. 

** The central bank said on Oct.2 it purchased 4 million dollars from the market in the previous day, but it has sold a net 184 million dollars to the market so far this year to defend the currency.

** The rupee ended at 171.30/50 per dollar, compared with the previous close of 171.00/20.

** The rupee has weakened 1.18 percent so far this month after a 4.7 percent drop in September against the dollar. It has declined 11.47 percent so far this year, recording its sharpest fall since 2001.

** The Colombo stock index ended 0.14 percent down at 5,872.02, slipping further away from its highest close since Sept. 20 hit on Monday. The index fell to its lowest close since Dec. 13, 2013 on Tuesday. It fell 3.6 percent last month and is down 7.8 percent so far this year.

** Data from the central bank showed foreign investors sold government securities worth a net 1.8 billion rupees ($10.58 million) in the week ended Oct. 3. Sri Lanka has seen a net outflow of 74.3 billion rupees in securities so far this year.

** Stock market turnover was 230.5 million rupees ($1.35 million) on Wednesday, a third of this year’s daily average of 769.4 million rupees.

** Foreign investors were net buyers in sixteen sessions. They bought a net 15.9 million rupees worth of shares on Wednesday, but have been net sellers of 6.3 billion rupees worth of equities so far this year. 

($1 = 171.0000 Sri Lankan rupees) 

(Reporting by Ranga Sirilal; Editing by Vyas Mohan)

Sri Lankan rupee hits fresh low for 5th straight session; stocks down

Reuters: ** The Sri Lankan rupee hit a record low for a fifth straight session on Tuesday on strong dollar demand from importers and foreign banks amid outflows from government securities, while stocks snapped a four-day winning streak and ended marginally weaker.

** The rupee fell to an all-time low of 171.00 per dollar, surpassing the previous low of 170.75 hit on Monday, on importer demand for the greenback and foreign selling in government securities and exporter greenback sales, market sources said.

** The central bank said on Oct.2 it purchased 4 million dollars from the market in the previous day, but it has sold a net 184 million dollars to the market so far this year to defend the currency.

** The rupee ended at 171.00/20 per dollar, compared with the previous close of 170.50/80.

** The rupee has weakened 1.12 percent so far this month after a 4.7 percent drop in September against the dollar. It has declined 11.41 percent so far this year, recording its sharpest fall since 2001.

** The Colombo stock index ended 0.47 percent down at 5,880.38, slipping from its highest close since Sept. 20 hit on Monday. The index fell to its lowest close since Dec. 13, 2013 on Tuesday. It fell 3.6 percent last month and is down 7.7 percent so far this year.

** Data from the central bank showed foreign investors sold government securities worth a net 1.8 billion rupees ($10.58 million) in the week ended Oct. 3. Sri Lanka has seen a net outflow of 74.3 billion rupees in securities so far this year.

** Stock market turnover was 350.5 million Sri Lankan rupees ($2.05 million) on Tuesday, half of this year's daily average of 772.3 million rupees.

** Foreign investors sold a net 111.8 million rupees worth of shares on Tuesday, extending the year-to-date net foreign outflow to 6.3 billion rupees worth of equities.

($1 = 170.9000 Sri Lankan rupees)

Sri Lanka rupee hits record low for 4th session; stocks gain

Reuters: ** The Sri Lankan rupee hit a record low for a fourth straight session on Monday due to dollar demand from importers and foreign banks amid outflows from government securities, while stocks rose for a fourth consecutive session to a more than two-week closing high.

** The rupee fell to an all-time low of 170.75 per dollar, surpassing the previous low of 170.40 hit on Friday, on importer demand for the greenback and foreign selling in government securities and exporter greenback sales, market sources said. 

** The central bank surprised financial markets on Tuesday by leaving its key policy rates unchanged, despite heavy pressure on the rupee and foreign outflows from government securities. 

** The central bank said on Tuesday it purchased 4 million dollars from the market in the previous day, but it has sold a net 184 million dollars to the market so far this year to defend the currency.

** The rupee ended at 170.50/80 per dollar, compared with the previous close of 170.25/30.

** The rupee has weakened 0.89 percent so far this month after a 4.7 percent drop in September against the dollar. It has declined 11.15 percent so far this year, recoding its highest fall since 2001.

** The Colombo stock index ended 0.41 percent firmer at 5,908.06, its highest close since Sept. 20 and further moving away from its lowest close since Dec. 13, 2013 hit on Tuesday. It fell 3.6 percent last month and is down 7.2 percent so far this year.

** Data from the central bank showed foreign investors sold government securities worth a net 1.8 billion rupees ($10.58 million) in the week ended Oct. 3. Sri Lanka has seen a net outflow of 74.3 billion rupees in securities so far this year.

** Stock market turnover was 265 million Sri Lankan rupees ($1.55 million) on Monday, a third of this year’s daily average of 774.6 million rupees.

** Foreign investors sold a net 30.4 million rupees worth of shares on Monday, extending the year-to-date net foreign outflow to 6.2 billion rupees worth of equities. 

($1 = 170.5000 Sri Lankan rupees) 

(Reporting by Ranga Sirilal; Editing by Sunil Nair)

Sri Lanka rupee hits record low on importer dollar demand; stocks gain further

Reuters:  ** The Sri Lankan rupee hit a record low for a third straight session on Friday due to dollar demand from importers and foreign banks amid outflows from government securities, while stocks rose for a third consecutive session to a more than one-week closing high.

** The rupee fell to its all-time low of 170.40 per dollar, surpassing the previous low of 170.10 hit on Thursday, on importer demand for the greenback and foreign selling in government securities, market sources said. 

** The central bank surprised financial markets on Tuesday by leaving its key policy rates unchanged, despite heavy pressure on the rupee and foreign outflows from government securities. 

** The central bank said on Tuesday it purchased 4 million dollars from the market in the previous day, but it has sold a net 184 million dollars to the market so far this year to defend the currency.

** The rupee ended at 170.25/30 per dollar, compared with the previous close of 170.05/20.

** The rupee has weakened 0.5 percent so far this month after a 4.7 percent drop in September against the dollar. It has declined 10.69 percent so far this year.

** The Colombo stock index ended 0.83 percent firmer at 5,883.77, its highest close since Sept. 26 and further moving away from its lowest close since Dec. 13, 2013 hit on Tuesday. It fell 3.6 percent last month and is down 8.2 percent so far this year.

** Data from the central bank showed foreign investors sold government securities worth a net 1.8 billion rupees ($10.58 million) in the week ended Oct. 3. Sri Lanka has seen a net outflow of 74.3 billion rupees in securities so far this year.

** Stock market turnover was 350.6 million rupees ($2.06 million) on Friday, less than half of this year’s daily average of 779.7 million rupees.

** Foreign investors sold a net 30.2 million rupees worth of shares on Friday, extending the year-to-date net foreign outflow to 6.1 billion rupees worth of equities. 

** Shares in Lanka ORIX Leasing Company Plc rose 5.5 percent, while Distilleries Company of Sri Lanka Plc closed 2.4 percent firmer. 

($1 = 170.2000 Sri Lankan rupees) 

(Reporting by Ranga Sirilal; Editing by Subhranshu Sahu)

Sri Lanka rupee hits record low on importer dollar demand; stocks extend gains

Reuters: ** The Sri Lankan rupee hit a record low for a second straight session on Thursday due to dollar demand from importers and foreign banks amid outflows from government securities, while stocks rose for a second consecutive session.

** The rupee fell to its all-time low of 170.10 per dollar, surpassing the previous low of 169.90 hit on Wednesday, on importer demand for the greenback and foreign selling in government securities, market sources said. ** The central bank surprised financial markets on Tuesday by leaving its key policy rates unchanged, despite heavy pressure on the rupee and foreign outflows from government securities. ** The central bank said on Tuesday it purchased 4 million dollars from the market in the previous day, but it has sold a net 184 million dollars to the market so far this year to defend the currency.

** The rupee ended at 170.05/20 per dollar, compared with the previous close of 169.80/90.

** The rupee has weakened 0.5 percent so far this month after a 4.7 percent drop in September against the dollar. It has declined 10.69 percent so far this year.

** The Colombo stock index ended 0.37 percent firmer at 5,835.60, further moving away from its lowest close since Dec. 13, 2013 hit on Tuesday. It fell 3.6 percent last month and is down 8.4 percent so far this year.

** Data from the central bank showed foreign investors sold government securities worth a net 10.2 billion rupees ($60.36 million) in the week ended Sept. 26, the highest since the week to Dec. 6. Sri Lanka has seen a net outflow of 72.5 billion rupees in securities so far this year.

** Stock market turnover was 319 million rupees ($1.88 million) on Thursday, less than half of this year’s daily average of 779.7 million rupees.

** Foreign investors sold a net 97.3 million rupees worth of shares on Thursday, extending the year-to-date net foreign outflow to 6.1 billion rupees worth of equities. 

($1 = 169.8000 Sri Lankan rupees) 

(Reporting by Ranga Sirilal; Editing by Subhranshu Sahu)

Sri Lanka rupee hit all time low; stocks recover from near 6-yr closing low

Reuters: ** The Sri Lankan rupee hit a fresh low on Wednesday due to dollar demand from importers and foreign banks amid outflows from government securities, while stocks ended marginally firmer erasing early losses.

** On Wednesday, the rupee touched its all-time low of 169.90 per dollar surpassing its previous low of 169.40 hit on Friday on importer demand for the greenback and foreign selling in government securities, market sources said. ** Sri Lanka’s central bank surprised financial markets on Tuesday by leaving its key policy rates unchanged, despite heavy pressure on the rupee currency and foreign outflows from government securities. ** The central bank on Tuesday said it purchased 4 million dollars from the market on the previous day, but it has sold a net 184 million dollars to the market so far this year to defend the currency.

** The rupee ended at 169.80/90 per dollar, compared with the previous close of 169.20/45.

** The rupee weakened 0.4 percent so far this month after it fell 4.7 percent in September against the dollar and 1.2 percent drop in the previous month. It has declined 10.63 percent so far this year.

** The Colombo stock index ended 0.1 percent firmer at 5,813.83 erasing early losses to edge up from its lowest close since Dec. 13, 2013 hit on Tuesday. The bourse fell 3.6 percent last month and is down 8.7 percent so far this year.

** Data from the central bank showed foreign investors sold government securities worth a net 10.2 billion rupees ($60.36 million) in the week ended Sept. 26, the highest since the week to Dec. 6. Sri Lanka has seen a net outflow of 72.5 billion rupees in securities so far this year.

** Stock market turnover was 788.3 million rupees ($4.65 million) on Wednesday, inline with this year’s daily average of 782.3 million rupees.

** Foreign investors sold a net 1.5 million rupees worth of shares on Wednesday, extending the year-to-date net foreign outflow to 6.01 billion rupees worth of equities. 

($1 = 169.6000 Sri Lankan rupees) 

(Reporting by Ranga Sirilal; Editing by Vyas Mohan)