Sri Lankan rupee ends weaker

22 Oct, 2016

The Sri Lankan rupee ended weaker on Friday, as dollar demand from importers surpassed conversions of the US currency by exporters, dealers said. Rupee forwards were active, with the spot-next ending at 147.60/70 per dollar, weaker than its previous close of 147.45/50. The spot rupee is usually managed by the central bank, and market participants use the forward market levels for guidance on the currency. The spot rupee was quoted at 146.90/95 per dollar, but was hardly traded.

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