Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» 20 companies hit 12 month low today
by mark Today at 4:27 pm

» CTCE CTCE CTCE CTCE
by mark Today at 4:25 pm

» The key to protecting yourself in the stock market is to understand where you are putting your money.
by anges Today at 2:52 pm

» New to investing. Looking for advice
by anges Today at 2:51 pm

» stock screener
by aravinda123 Today at 12:37 pm

» Earn 50% Profit From Forex Monthly Without Stress
by princess111 Today at 10:42 am

» Weekly Stock Market Roundup
by Insights Equity Today at 6:30 am

» CROSSINGS TODAY
by sikka89 Yesterday at 6:45 pm

» Financial Reports Q-4 2018
by sikka89 Yesterday at 6:41 pm

» DIVIDEND ANNOUNCEMENTS- JAN/MARCH 2019
by sikka89 Yesterday at 6:33 pm

» Daily Stock Market Update
by Insights Equity Yesterday at 5:57 pm

» SRI LANKA,AMERICA 0027655786861 MAAMABARAKA 2019 INSTANT BLESSING SANDAWANA OIL/SKIN,BUSHILI OIL,HALUWA OIL,RUKUYA OIL FOR BRING BACK LOST LOVERS,SALARY INCREASE,BUSINESS BOOST,ATTRACT CUSTOMERS OMAN,KUWAIT,GERMAN,SOUTH AFRICA,LESOTHO
by maamabaraka Yesterday at 1:52 pm

» SRI LANKA+27655786861 TESSELLATED MAGIC RING/WALLET/SKIN FOR QUICK MAGIC MONEY,BRING BACK LOST LOVERS,SALARY INCREASE,STOP BAD LUCK AND SPELLS IN LIFE,QUICK SALE OF PROPERTY,FAMOUS AND RESPECT IN SOUTH AFRICA,ZIMBABWE,BOTSWANA,NAMIBIA
by maamabaraka Yesterday at 1:32 pm

» MARKET CRASH - GUARANTEED
by pure equity Yesterday at 1:27 pm

» SRI LANKA 0027655786861 APETAMIN CREAM/YODI PILLS FOR HIPS,BUMS,BREASTS ENLARGEMENT WITH A PROVED SERVICE OF NO SIDE EFFECTS AT ALL SHARPE UP IN 3 DAYS TIME IN AMERICA,UK,SOUTH AFRICA,BOTSWANA
by maamabaraka Yesterday at 1:16 pm

» SRI LANKA,HAWAII,OREGON +27655786861 BE SMART JOIN ILLUMINATI NEW WORLD ORDER FOR MONEY POWER,SUCCESS IN LIFE AND BUSINESS,CHURCH POWERS TO PROPHETS,OVER COME ALL EVILS AND MAGIC POWERS,FAMOUS
by maamabaraka Yesterday at 1:00 pm

» SRI LANKA +27655786861 POWERFUL WOMAN LOVE SPELLS RITUAL,MONEY SPELLS,REVENGE SPELLS,STOP DIVORCE SPELLS IN SOUTH AFRICA,AMERICA,OMAN,SWEDEN,DUBAI
by maamabaraka Yesterday at 11:58 am

» 0027655786861 TIME TO WIN IT LOTTO/LOTTERY,POWER BALL,,JOCK POT INTERNATIONAL SPELLS GERMAN,SWEDEN,DUBAI,SOUTH AFRICA,NAMIBIA
by maamabaraka Yesterday at 11:40 am

» GOOD DEAL -SELL KAPI @ 18 LEVELS AND BUY BFN @ 14-50
by easthetic Yesterday at 7:31 am

» සල්ලි තියනවනම් දැන් නියම වෙලාව කියල එකතු කරන්න BFN -UBC -BALA -EAST - LEDV -KHL -KHC -SERV
by sanjulanka Yesterday at 6:52 am

» COLLECT AAIC FOR A BETTER FUTURE!!!
by wisdom79 Thu Feb 21, 2019 10:29 pm

» Sri Lanka rupee ends higher as banks sell dollar; stocks at near 4-mth low
by Ahcha Thu Feb 21, 2019 1:47 pm

» INSURANCE bubble finally bursting!
by nosf766 Thu Feb 21, 2019 10:22 am

» SFL deal price
by charithaa Thu Feb 21, 2019 10:00 am

» MGT - Collect n keep
by Trader321 Thu Feb 21, 2019 9:54 am

» UBC.N0000 ? what about the future ?
by Trader321 Thu Feb 21, 2019 9:49 am

» Deal Waligama Property to be sell EAST Interesting
by NCC Thu Feb 21, 2019 9:13 am

» SFL, where will it end by March
by sikka89 Thu Feb 21, 2019 5:30 am

» තාම dividend cheque නේද එන්නේ, කවදාද account එකට එන්නේ
by hasitha@CSE Wed Feb 20, 2019 4:58 pm

» Exit KAPI today
by Maharaja Wed Feb 20, 2019 3:08 pm

» Amibroker database
by Sonny Bill Wed Feb 20, 2019 12:59 pm

» ACCESS ENG
by sanjulanka Wed Feb 20, 2019 12:51 pm

» TKYO.N000 potential
by NP Wed Feb 20, 2019 12:00 pm

» JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000)
by cheetah Wed Feb 20, 2019 5:46 am

» CASH RICH REXP
by Cricketman Wed Feb 20, 2019 5:21 am

» Ruwan 326 Please come back to the forum
by Miss-Sangeetha Tue Feb 19, 2019 8:06 pm

» Make a comfortable living as a day Trader
by Miss-Sangeetha Tue Feb 19, 2019 7:23 pm

» Daily Foreign Transactions
by sikka89 Mon Feb 18, 2019 10:49 pm

» Sleeping giants-
by Chanaka303 Mon Feb 18, 2019 4:56 pm

» Any news on TKYO.N0000
by Thushara Ayya Mon Feb 18, 2019 3:35 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » StanChart Predicts Sri Lanka Rupee Woes to Persist as Oil Soars

StanChart Predicts Sri Lanka Rupee Woes to Persist as Oil Soars

Go down  Message [Page 1 of 1]

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

StanChart Predicts Sri Lanka Rupee Woes to Persist as Oil Soars


October, 4, 2018




(Bloomberg) -- Standard Chartered Plc. is predicting more pain for the Sri Lankan rupee, which has been setting a string of record lows amid surging oil prices and a rout in emerging-market assets.
The island nation’s rupee has dropped more than 10 percent against the dollar this year, approaching the record-breaking declines suffered by neighbor India’s rupee.
The nation’s current-account deficit, low foreign-currency reserves and rising oil prices are likely to weigh down on the currency, Divya Devesh, head of ASEAN and South-Asia Forex research, said by email. He is predicting the rupee to decline to 175 per dollar by year-end. The currency traded at a record low of 170.06 at 10:30 a.m. local time.
Efforts by Sri Lanka’s central bank and its government to prop up the sagging currency has so far yielded little. The Central Bank of Sri Lanka on Tuesday held back from raising rates to bolster the currency as it chose to support a nascent recovery in the South Asian island nation’s economy. Governor Indrajit Coomaraswamy is expecting funds from a $1 billion syndicated loan from China within a week and is also looking to sell dollar bonds, Panda bonds and Samurai bonds.
The government has taken measures to narrow the current account deficit including curbing of non-essential imports. Still the deficit is likely to remain close to 2.5 percent of gross domestic product, Saurav Anand, South Asia economist at Standard Chartered, said in an email. The country will continue to be dependent on external borrowings to finance the deficit amid rising yields, Anand said.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum