Rupee+ends+tad+firmer%2C+CB%E2%80%99s+surprise+rate+cut+weighs+++
Wednesday, 28 August 2019 - 8:20
Rupee ends tad firmer, CB’s surprise rate cut weighs
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ri Lanka’s rupee ended a tad firmer on Monday, ending a five session losing streak, but worries over further foreign outflows after the Central Bank cut key monetary policy rates weighed on sentiment.

Stocks closed weaker for the fourth straight session.

The Central Bank data shows that foreign investors sold 12.9 billion rupees worth of government securities in the week ended August 21st, the worst weekly outflow in 8 months and the year-to-date net foreign outflow was at 40.9 billion rupees.

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