Sri Lankan rupee rises

05 Sep, 2017

The Sri Lankan rupee ended firmer on Monday as dollar selling by exporters and banks outpaced importer demand for the US currency, dealers said. The spot rupee ended at 152.45/55 per dollar, compared with Thursday's close of 152.70/75. "There was selling today, lots of exporter conversions were there," said a currency dealer, requesting anonymity. The island nation had seen 27.5 billion rupees ($180.09 million) of net inflows into equities up to Thursday's close, and 5.7 billion rupees worth inflows into government securities as of August 23, official data showed.

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