The Sri Lankan rupee closed tad weaker on Tuesday, while stocks ended tad firmer in thin trade after a long weekend. The currency ended at 174.60/75 to the dollar, lower than Friday's close of 174.45/55. The markets were closed on Monday for a public holiday in lieu of traditional new year that fell on Sunday.
The rupee dropped 16 percent in 2018, and was one of the worst-performing currencies in Asia due to heavy foreign outflows.
Foreign investors sold a net 2 billion rupees worth of government securities in the week ended April 10, the second weekly fall in six weeks, the latest central bank data showed.
Comments
Comments are closed.