Sri Lankan rupee forwards ended slightly firmer as dollar selling by banks outpaced importer demand for the greenback a day after the central bank allowed the spot rupee to fall by 0.23 percent. Actively traded two-month forwards ended at 135.25/40 per dollar, firmer from Wednesday's close of 135.70/80. One-month forwards were at 134.70/75 per dollar compared with the previous day's close of 134.80/135.00.
"There was a large inflow into a private bank. The import demand was there but the rupee is firmer due to the inflow," said a currency dealer asking not to be named. The market expects the currency to remain under pressure due to higher imports and lower interest rates, dealers said.
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