SL rupee held near 10-month lows

Saturday, 03 August 2013 - 12:23


The Sri Lankan rupee held near 10-month lows yesterday, as importer dollar demand prevented the currency from recovering, while further downside was contained by a vigilant central bank, eager to hold the greenback below 132 rupees.


The rupee was quoted at 131 rupees and 60 to 70 cents, staying steady from its Thursday's close.


Spot rupee dropped to 131 rupees and 65 to 75 cents on July 25th, its lowest close in nearly 10 months.