AGL 38.10 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 137.61 Increased By ▲ 3.42 (2.55%)
BOP 9.33 Increased By ▲ 0.48 (5.42%)
CNERGY 4.73 Increased By ▲ 0.04 (0.85%)
DCL 8.95 Increased By ▲ 0.28 (3.23%)
DFML 39.41 Decreased By ▼ -0.37 (-0.93%)
DGKC 85.34 Increased By ▲ 0.19 (0.22%)
FCCL 35.19 Increased By ▲ 0.29 (0.83%)
FFBL 75.57 Decreased By ▼ -0.03 (-0.04%)
FFL 12.69 Decreased By ▼ -0.05 (-0.39%)
HUBC 109.41 Decreased By ▼ -0.04 (-0.04%)
HUMNL 14.65 Increased By ▲ 0.55 (3.9%)
KEL 5.45 Increased By ▲ 0.05 (0.93%)
KOSM 7.99 Increased By ▲ 0.24 (3.1%)
MLCF 41.21 Decreased By ▼ -0.16 (-0.39%)
NBP 70.90 Increased By ▲ 1.20 (1.72%)
OGDC 196.75 Increased By ▲ 3.13 (1.62%)
PAEL 27.11 Increased By ▲ 0.90 (3.43%)
PIBTL 7.43 Increased By ▲ 0.01 (0.13%)
PPL 169.49 Increased By ▲ 5.64 (3.44%)
PRL 26.35 Decreased By ▼ -0.01 (-0.04%)
PTC 20.05 Increased By ▲ 0.58 (2.98%)
SEARL 87.45 Increased By ▲ 3.05 (3.61%)
TELE 7.89 Decreased By ▼ -0.10 (-1.25%)
TOMCL 35.65 Increased By ▲ 1.60 (4.7%)
TPLP 8.95 Increased By ▲ 0.23 (2.64%)
TREET 17.25 Increased By ▲ 0.07 (0.41%)
TRG 59.70 Decreased By ▼ -1.30 (-2.13%)
UNITY 31.77 Increased By ▲ 2.81 (9.7%)
WTL 1.38 Increased By ▲ 0.01 (0.73%)
BR100 10,849 Increased By 73.1 (0.68%)
BR30 32,719 Increased By 484.5 (1.5%)
KSE100 100,893 Increased By 810.1 (0.81%)
KSE30 31,318 Increased By 125.1 (0.4%)

The Sri Lankan rupee closed marginally firmer on Thursday, as dollar conversions by exporters outpaced importer demand for the US currency, dealers said. The spot rupee closed at 153.65/75 per dollar, compared with Wednesday's close of 153.70/75. "Exporters are selling dollars to book forwards because premiums are high. There were petroleum and general imports. We see continuous exporter selling," a currency dealer said, asking not to be named. Though the rupee is under pressure, it may not fall as much as the market previously expected, dealers added.
The market had expected a 4 percent fall in the currency for 2017. The currency has lost 2.7 percent so far in the year. The market expects the currency to face pressure, with imports of more low-end vehicles on which the government has already reduced taxes. The government imposed new taxes on high-end motor vehicles, telecoms, banks and liquor in a bid to boost revenues in its 2018 budget outlined on November 9, as the budget deficit for the current year slipped to 5.2 percent of the GDP.

Comments

Comments are closed.