Sri Lankan rupee forwards ended slightly weaker on Wednesday as importer dollar demand outpaced greenback conversions by exporters and banks, while the spot currency was actively traded for the first time in nearly five months, dealers said. The dollar/rupee forwards, known as spot next, ended at 145.95/146.05 per dollar, compared with Tuesday's close of 145.75/85.
The spot next, which acted as a proxy for the spot currency, indicates the exchange rate for the day following conventional spot settlement, which is five days ahead for Wednesday's trade. Dealers said the spot currency, which had not traded since January 18, started trading on Wednesday and touched a high of 145.67 per dollar.
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