The Sri Lankan rupee ended marginally weaker on Tuesday as importer dollar demand outpaced greenback selling by exporters and banks, but trading was dull due to worries over communal violence, dealers said. The rupee closed at 155.05/15 per dollar, compared with Monday's close of 154.95/155.00.
The rupee hit a record low of 155.90 per dollar on February 14. "Today the trading was dull as there were not much of import bills or remittance inflows as everybody is waiting to see the real impact of the state of emergency and violence," said a dealer.
Indian ocean island nation declared a nationwide state of emergency for 10 days on Tuesday to stop the Buddhist-Muslim violence from spreading. The local currency has weakened 1.04 percent so far this year, after declining 2.5 percent last year and 3.9 percent in 2016.
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