Rupee ends weaker on importer demand
The Sri Lankan rupee closed marginally down yesterday on importer dollar demand in light trading ahead of the traditional festival this week, dealers said.
The rupee closed at 155.65/75 per dollar, compared with Tuesday’s close of 155.55/65.
“There was dollar demand from some small banks. But the trading volume was very thin and many market players are on leave due to the upcoming new year,” said a currency dealer.
The Central Bank governor last week said if inflation rate can be maintained between 4-5 percent, the depreciation in the rupee would be around 2-3 percent.