The Sri Lankan rupee ended steady in dull trade on Tuesday as late importer dollar demand erased the early gains from inward remittances and exporter greenback sales ahead of the festival season, dealers said. Rupee forwards were active, with two-week forwards ending steady at 152.40/50 per dollar.
"There was some importer demand latter part of the day. Dollar conversions are happening as these are the last few days to pay bonuses and salaries before the new year. So, exporters are converting. We can see some inward remittances too," said a currency dealer who did not wish to be named. The rupee has been under pressure due to dollar demand to meet increased seasonal imports ahead of the traditional new year that is celebrated on April 13-14, dealers said.
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