Rupee ends steady amid thin trade

17 December 2015 02:59 am - 0 - {{hitsCtrl.values.hits}}

A A A

REUTERS: The Sri Lankan rupee snapped three straight sessions of losses when it touched record lows to end steady yesterday, as dollar conversions by exporters offset thin importer demand for the greenback, traders said.
Trading was dull ahead of year-end holidays. Dealers said they expect the currency to be sluggish until month-end. The rupee rose as much as 0.07 percent to 143.50 per dollar in early trade, but ended steady at 143.60/80. It hit a record low of 143.80 in the previous session.
“The trading was very dull and we do not see volumes picking up until the new year,” a currency dealer said asking not to be named.
One dealer said the Central Bank intervened in the market at 143.40-143.50, helping the currency to rise in early trade. Central Bank officials were not available for comment.
The rupee has fallen 8.7 percent so far this year. It has declined 6.2 percent since the Central Bank floated the currency on September 4.
The Central Bank sold dollars worth a net US $ 1.1 billion in the three months to November 30, latest data showed. Dealers said part of that money went into defending the rupee.
Commercial banks parked Rs.54.71 billion of surplus liquidity yesterday using the Central Bank’s deposit facility at 6 percent, official data showed

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

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.

Rupee ends steady amid thin trade

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Street food vendor arrested for verbally harassing foreigner

Racing event tragedy leaves seven dead including eight-year-old child

Former MP Palitha Thewarapperuma dies from electrocution

Two racing drivers arrested over Fox Hill tragedy

Sri Lankan among NASA’s new crew for next simulated Mars journey

New Visa procedure implemented

MIRROR CRICKET

Is Chamari Athapaththu Sri Lanka’s greatest cricketer ever?

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

TODAY'S HEADLINES

Foreign powers intensify surveillance on Presidential elections as strategic interests take centre stage

New uterine loop for monkey birth control

Sajith avoids reception hosted for Iranian President

Do not be afraid to use weapons, Minister Alles tells police

SLAS appoints independent committee for investigation

Pakistan lose key players for last two T20Is against New Zealand

Sri Lanka secures third spot in South Asian Kurash Championship 2024

Athapaththu back atop ICC Women’s ODI Batting Rankings