The Sri Lankan rupee strengthened 0.5 percent on Friday, as inward remittances and exporters dollar sales surpassed mild importer demand for the greenback, while stocks declined for a fourth straight session and posted their lowest close in more than one week. The rupee ended at 169.40/70 per dollar, compared with the previous close of 171.20/40.
The rupee fell to an all-time low of 171.60 per dollar on Wednesday, surpassing the previous low of 171.00 hit on Tuesday due to foreign selling in government securities and exporter greenback sales, market sources said. The rupee has weakened 0.3 percent so far this month after a 4.7 percent drop in September against the dollar.
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