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Print Print 2019-12-10

Sri Lankan rupee steady

Sri Lankan rupee ended steady at 181.10/30 per dollar on Monday, Refinitiv data showed. It is up 0.8% so far this year. Foreign investors were sellers on Monday in the equity market for the 28th session out of the last 31.
Published 10 Dec, 2019 12:00am

Sri Lankan rupee ended steady at 181.10/30 per dollar on Monday, Refinitiv data showed. It is up 0.8% so far this year. Foreign investors were sellers on Monday in the equity market for the 28th session out of the last 31.

They sold a net 141 million Sri Lankan rupees ($783,333) worth of shares on Monday, extending the year-to-date foreign outflow to 11 billion rupees, according to index data. Equity market turnover was 435.5 million Sri Lankan rupees, less than this year's daily average of about 726 million. Last year's daily average was 834 million rupees.

Foreign investors were net sellers of government securities on a net basis for the first week in seven, selling a net 4.2 billion Sri Lankan rupees worth of government securities in the week ended Dec. 4.

Copyright Reuters, 2019

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