Ru­pee closes flat af­ter dull trade

Daily Mirror (Sri Lanka) - - NEWS -

The Sri Lankan ru­pee ended steady yes­ter­day as sell­ing of the US dol­lar by ex­porters off­set de­mand for the green­back from im­porters in a dull day of trade, deal­ers said.

The spot ru­pee traded be­tween 152.83 and 152.88 dur­ing the day be­fore end­ing flat at 152.80/90 per dol­lar.

“The mar­ket traded in a nar­row range on very thin vol­umes,” said a cur­rency dealer, re­quest­ing anonymity.

“There was some im­port de­mand, but it was met by ex­porter sales.” The ru­pee has been un­der pres­sure since Jan­uary af­ter the Cen­tral Bank stopped de­fend­ing the cur­rency and started buying dol­lars to build up the coun­try’s de­pleted for­eign cur­rency re­serves.

The is­land na­tion had seen Rs.27.7 bil­lion of net in­flows into eq­ui­ties up to yes­ter­day’s close, and Rs.6.6 bil­lion worth in­flows into govern­ment se­cu­ri­ties as of Septem­ber 6, of­fi­cial data showed.

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