Rupee steady at 10-mth low, bank seen buying dollars

REUTERS: The Sri Lankan rupee held steady yesterday around its 10-month closing low, with importer dollar demand from a state-run bank offset by dollar sales from exporters.

The rupee was quoted at 131.65/70 at 0538 GMT, little changed from Thursday’s close of 131.65/75, its lowest finish since Sept. 19.

“A state bank has been buying dollars and the demand for dollars was offset by usual exporter (dollar) sales,” said a currency dealer.