The Sri Lankan rupee ended slightly weaker on Friday as importer dollar demand outpaced selling of the US currency by exporters and a state-run bank, while investors assessed the extent of damage to the economy from last week's floods and landslides, dealers said. Rupee forwards were active on Friday, with spot-next forwards closing at 152.85/95 per dollar, compared with Thursday's close of 152.80/90 per dollar.
"Importer dollar demand was there today. A state bank bought dollars at 152.85 rupees, probably to pay oil bills, while the other state bank sold dollars at 152.90," said a currency dealer. The rupee has been under pressure after the central bank governor said on May 18 that the bank would allow gradual depreciation of the currency. The spot rupee did not trade on Friday.
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