Reply To:
Name - Reply Comment
Last Updated : 2024-04-23 14:26:00
31 July 2018 12:01 am - 0 - {{hitsCtrl.values.hits}}
(Colombo) REUTERS: The Sri Lankan rupee ended slightly weaker yesterday as dollar demand from importers surpassed greenback sales by banks, traders said.
The rupee, which traded at 159.90 rupees per dollar during the day, ended at 159.65/75 per dollar, compared with Thursday’s close of 159.50/60. It has declined 4.01 percent so far this year and had hit a record low of 160.17 on June 20.
“Today there was importer demand. Large importer demand, specially construction-related. No big exporter flows but there were some remittance (inflow),” said a currency dealer asking not to be named.
The stocks, bond and foreign exchange markets were closed on Friday for a
public holiday.
Central Bank Governor Indrajit Coomaraswamy had said earlier that the rupee’s decline was driven mainly by factors outside of Sri Lanka and that emerging-market currencies were under pressure.
Foreign investors sold government securities worth a net Rs.1.98 billion in the week ended July 18, bringing the outflows so far this year to Rs.31.6 billion, the Central Bank data showed.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
A recent post on social media revealed that three purple-faced langurs near t
