AGL 38.25 Increased By ▲ 0.03 (0.08%)
AIRLINK 134.30 Increased By ▲ 5.33 (4.13%)
BOP 8.73 Increased By ▲ 0.88 (11.21%)
CNERGY 4.72 Increased By ▲ 0.06 (1.29%)
DCL 8.81 Increased By ▲ 0.49 (5.89%)
DFML 39.21 Increased By ▲ 0.27 (0.69%)
DGKC 85.97 Increased By ▲ 4.03 (4.92%)
FCCL 35.20 Increased By ▲ 1.78 (5.33%)
FFBL 76.00 Increased By ▲ 0.29 (0.38%)
FFL 12.85 Increased By ▲ 0.03 (0.23%)
HUBC 110.38 Increased By ▲ 0.02 (0.02%)
HUMNL 14.00 Decreased By ▼ -0.01 (-0.07%)
KEL 5.36 Increased By ▲ 0.21 (4.08%)
KOSM 7.78 Increased By ▲ 0.11 (1.43%)
MLCF 41.65 Increased By ▲ 1.85 (4.65%)
NBP 70.50 Decreased By ▼ -1.82 (-2.52%)
OGDC 189.50 Increased By ▲ 1.21 (0.64%)
PAEL 26.28 Increased By ▲ 0.65 (2.54%)
PIBTL 7.39 Increased By ▲ 0.02 (0.27%)
PPL 156.90 Increased By ▲ 4.23 (2.77%)
PRL 25.92 Increased By ▲ 0.53 (2.09%)
PTC 19.00 Increased By ▲ 1.30 (7.34%)
SEARL 82.40 Decreased By ▼ -0.02 (-0.02%)
TELE 7.85 Increased By ▲ 0.26 (3.43%)
TOMCL 34.30 Increased By ▲ 1.73 (5.31%)
TPLP 8.62 Increased By ▲ 0.20 (2.38%)
TREET 17.10 Increased By ▲ 0.32 (1.91%)
TRG 57.85 Increased By ▲ 1.81 (3.23%)
UNITY 28.90 Increased By ▲ 0.12 (0.42%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 10,709 Increased By 50.5 (0.47%)
BR30 31,868 Increased By 536.4 (1.71%)
KSE100 99,639 Increased By 369.5 (0.37%)
KSE30 31,028 Decreased By -4.6 (-0.01%)

The Sri Lankan rupee closed little changed on Monday as dollar conversions by exporters were offset by importer demand for the US currency and investors waited for more clarity on some budget policies announced last week, dealers said. The government imposed new taxes on motor vehicles, telecoms, banks and liquor in a bid to boost revenues, in its 2018 budget outlined on Thursday, as the budget deficit for the current year slipped to 5.2 percent of GDP.
The spot rupee closed at 153.57/65 per dollar, compared with Friday's close of 153.55/60. "Market is waiting for clarity on some budget policies," a currency dealer said asking not to be named. "The profitability of banks is going to come down with the proposed tax on bank transaction. Then there is uncertainty over vehicle taxes. Anyway vehicles will not move until December. Until then we will see dollar demand due to general imports."
Finance Minister Mangala Samaraweera announced on Wednesday tax concessions worth a monthly 1.5 billion rupees. The rupee has slipped 2.7 percent so far this year. Foreign investors had invested a net 18.7 billion rupees ($121.74 million) in equities this year as of Monday's close, and 44.3 billion rupees in government securities as of November 8, official data showed.

Comments

Comments are closed.