The Sri Lankan rupee ended firmer on Thursday as a state-run bank, through which the central bank usually directs the market, sold dollars at 133.60, 10 cents lower from the previous session's close, dealers said. The rupee ended at 133.60 per dollar, up from Tuesday's close of 133.70. Both currency and stock markets were closed for a holiday on Wednesday.
"The state bank sold dollars at a reduced price of 133.60," a currency dealer said. "There is no big importer demand. But whether the central bank could sustain this appreciation trend is questionable because import demand could pick up due to lower interest rates."
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