RBI expresses concern about rising current account deficit & inflation

Sri Lanka Central Bank keeps reverse purchase rate unchanged

Sri Lanka's central bank announced today that it will keep the reverse purchase rate unchanged at 9.5. The Central Bank has been forced into a tight monetary policy due to high level of inflation which is currently pegged at 9.8 percent. The bank said it expects inflation to fall after Marc...

Indian auto cos dominate Lanka market

Indian auto companies continue to dominate the Sri Lankan market with 50 percent market share despite a sharp fall in auto imports last year. Japanese companies saw a fall in their share from 36 to 22 percent. The third spot was taken by the Chinese companies, who had a market share of 7 percent.

Rupee falls by 12 paise to 53.97 against dollar in early trade

The rupee today fell by 12 paise to 53.97 against the dollar in early trade, extending losses for the fifth straight session at the Interbank Foreign Exchange (Forex) market due to sustained demand for the US currency from importers.Forex dealers said besides increased demand for the US dollar from ...

Sensex recovers over 50 points in early trade

The BSE benchmark Sensex recovered by over 50 points in early trade today .The 30-share barometer rose by 50.20 points, or 0.26 per cent, to 19,511. . It had lost nearly 545 points in the pasteight sessions.Similarly, the wide-based National Stock Exchange index Nifty moved up by 9.65 points, or 0.1...

Sri Lanka exports register decline in 2012

Pak rupee hits all time low against US dollar

The Pakistani rupee on Monday plunged to its all-time low of 100.1 against the US dollar on worries of dwindling forex reserves after reports of the country repaying 146 million USD to the International Monetary Fund. The Pakistani rupee fell to the 100 rupee mark after it opened at 99.30 in the ope...

Sensex falls for eighth straight session

Falling for the eighth straight session, the Sensex at the Bombay Stock Exchange lost 24 points, or 0.1 percent, to close at the year's low of 19,461,on monday. This is the longest losing streak for the Sensex since May 2011. The Sensex has now lost over 540 points in the last eight trading...

RBI permits banks to open NRO account of Bangladeshi nationals without its prior approval

India Colombia ties to get warmer

India and Colombia have identified various areas including mines and minerals, transport sector and infrastructure development and services trade like IT and software for enhancing cooperation between the two sides.Both the countries also decided to constitute Joint Working Group in five sectors inc...