The Sri Lankan rupee edged down on Wednesday on dollar demand from importers in the absence of central bank intervention, dealers said. Rupee forwards were active, with the spot-next ending at 147.40/50 per dollar, compared with its previous day close of 147.25/35. The spot rupee was quoted at 146.90/95 per dollar, but hardly traded. It was steady last week after two weeks of losses. The spot rupee is usually managed by the central bank, and market participants use the forward market levels for guidance on the currency.
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