Sri Lankan rupee up

08 Sep, 2016

The Sri Lankan rupee ended slightly firmer on Wednesday as banks sold dollars on behalf of foreign investors and as exporters sold the greenback amid a lack of demand from importers for the US currency, dealers said. The spot rupee ended at 145.40/45 per dollar, slightly firmer compared with Tuesday's close of 145.43/48. One-week rupee forwards ended at 145.65/70, compared with the previous day's close of 145.60/70. The spot rupee is usually managed by the central bank, and market participants use the forward market levels for guidance on the currency.

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