The Sri Lankan rupee ended firmer on Wednesday as the dollar fell after political outsider Donald Trump sailed to an unexpected victory in the US presidential elections and on conversion of the US currency by exporters, dealers said. The US dollar and stocks were hammered in Asian trade, but began to steady in the European morning on Wednesday as fears of a Brexit-style shock that wiped trillions off global markets has failed to materialise so far.
Rupee forwards were active, with one-week forwards ending at 148.05/15 per dollar, compared with Tuesday's close of 148.10/15. Selling of government securities by foreign investors has also hit the rupee, dealers said.
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