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Tuesday, 02 October 2012 - 11:39
Sri Lanka rupee extends gains amid tight liquidity
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Sri Lanka's rupee strengthened to a near four month high with money markets continuing to be tight with the rupee quoted as low as 129.00 to the US dollar in the spot market.

Market participants said cash deals were seen at 128.80 to the US dollar.

In the spot market the rupee was last traded at 128.90 levels on May 10th.

The Central Bank injected 5.0 billion rupees through an overnight reverse repo auction to money markets at 9.71 percent almost at the 9.75 percent policy rate.

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