Sri Lankan rupee falls on importer dollar demand

Wednesday, 19 October 2016 - 11:05


Dealers say that the Sri Lankan rupee fell yesterday on importer dollar demand in the absence of central bank intervention.

Rupee forwards were active, with the spot-next between 147 rupees and 20 cents to 30 cents per dollar, compared with its previous close of between 147 rupees to 147 rupees and 05 cents.

The spot rupee is usually managed by the central bank, and market participants use the forward market levels for guidance on the currency.