Rupee steady on state bank dlr sales

11 June 2015 03:26 am - 0 - {{hitsCtrl.values.hits}}

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REUTERS: The Sri Lankan rupee closed steady yesterday as a state-run bank sold dollars at 133.80, while hopes the currency would appreciate in the short term faded with the Central Bank defending the currency via moral suasion, dealers said.
The spot currency traded steady at 133.80 as one of two state-run banks through which the Central Bank usually directs the market sold dollars at that level.

“We see the state bank selling ample dollars for foreign investors who are exiting their portfolios in government securities gradually, while it has restricted the supply for locals,” a currency dealer said on condition of anonymity.

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Rupee steady on state bank dlr sales

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