The Sri Lankan rupee closed lower on Wednesday due to dollar demand from importers, dealers said, even as the market shrugged off comments by the country's central bank chief about the stability of the currency in the short term. Central Bank of Sri Lanka Governor Indrajit Coomaraswamy said late on Tuesday that he expected the rupee to stabilise once a stake sale in the southern port of Hambantota to a Chinese investor gets completed in four to five months.
Rupee forwards were active, with one-week forwards ending weaker at 148.80/90 per dollar, compared with Tuesday's close of 148.60/70.
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