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Business Editor : Eriq Dewanarayana

+ Exchange Rates

The Central Bank's Spot Rates for transactions with Commercial Banks announced on the morning of July 13, 1998 were as follows:

 

Buying

Selling

100 US Dollars Rs. 6451.46 Rs. 6581.80

The approximate middle exchange rates of following currencies calculated on the basis of cross rates quoted by Gulf International Bank, Bahrain as it appeared in Reuters Financial Information System on July 13, 1998 were as follows:

Saudi Arabia Riyal Rs. 17.38
Bahrain Dinar Rs. 172.93
Kuwait Dinar Rs. 212.03
Qatar Riyal Rs. 17.91
UAE Dirham Rs. 17.76
Oman Riyal Rs. 169.33

Average rates at which the following currencies were quoted by Commercial Banks in Colombo for Telegraphic Transfers at mid-day on July 13, 1998 were as follows:

  Buying Selling
100 US Dollars Rs. 6532.40 Rs. 6571.60
100 Sterling Pounds Rs. 10640.55 Rs. 10779.48
100 Deutsche Marks Rs. 3597.10 Rs.3654.26
100 French Francs Rs. 1067.49 Rs.1095.19
100 Japanese Yen Rs.45.58 Rs. 46.39

Average Weighted Prime Lending Rate (AWRP) and Lowest Prime Rate (LPR)
The Average Weighted Prime Lending Rate (AWPR) during the week ended July 10th 1998 was 15.0 per cent for all banks. The Lowest Prime Rate (LPR) among banks during this week was 12.8 per cent.

Average Weighted Deposit Rate of Commercial Banks (AWDR)
The Average Weighted Deposit Rate (AWDR) of Commercial Banks for the month ended June 30th 1998 was 9.6 percent.

* Unit Trust Prices
Comtrust Equity Fund
Manager's Selling Price 5.62 (per unit)
Managers Buying Price 5.27 (per unit)
National Equity Fund
Manager's Selling Price Rs. 8.52 (per unit)
Managers Buying Price Rs.7.98 (per unit)
Namal Growth Fund  
Manager's Selling Price Rs. 9.63 (per unit)
Managers Buying Price Rs. 9.01 (per unit)
Namal Income Fund
Manager's Selling Price Rs.10.56 (per unit)
Managers Buying Price Rs. 10.45* (per unit)
Ceybank Century Growth Fund
Manager's Selling Price Rs.9.58 (per unit)
Managers Buying Price Rs. 9.40 (per unit)
Pyramid Unit Trust
Manager's Selling Price Rs.6.52 (per unit)
Managers Buying Price Rs. 6.07*(per unit)
Ceybank Unit Trust
Manager's Selling Price Rs.6.45 (per unit)
Managers Buying Price Rs.6.03 (per unit)
* After deducting exit fees applicable for the first year.

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