The Sri Lankan rupee closed weaker on Tuesday, snapping a five-session winning streak, as a bank bought dollars to facilitate equity market outflows, surpassing exporter dollar sales and inward remittances, dealers said. The rupee, which traded at 155.20 per dollar earlier in the session, closed at 155.75/85 per dollar, compared with Monday's close of 155.15/20.
The rupee gained 0.4 percent last week. "There was (dollar) demand from a foreign bank in the latter part of the day to settle a share transaction. They did not cover the entire position today and we will see the demand tomorrow also," said a currency dealer.
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