Ru­pee ends weaker on im­porter de­mand

Daily Mirror (Sri Lanka) - - LATE CITY -

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.

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