The Sri Lankan rupee ended weaker on Friday due to dollar demand from importers who fear the economic policies of US President-elect Donald Trump could lead to a rise in the greenback and interest rates. Sri Lankan rupee forwards were active with spot-next forwards ending at 148.90/149.00 per dollar, compared with Thursday's close of 148.65/75.
The spot rupee was hardly traded, but was quoted at 148.20/149.00. The central bank revised the spot rupee reference rate to 147.95 per dollar on November 18, from 147.75 earlier.
Comments
Comments are closed.