Home / BUSINESS / Sri Lankan rupee firmer on bank, exporter dollar sales

Sri Lankan rupee firmer on bank, exporter dollar sales

The Sri Lankan rupee ended firmer on Thursday, further moving away from a record low hit earlier this week, as banks and exporters sold dollars, dealers said.

The spot rupee ended at 153.70/80 per dollar, compared with Wednesday’s close of 153.75/85.

On Tuesday, the rupee hit a record intraday low of 154.20/25 per dollar.

“There were some exporter (dollar) sales and inward remittances,” said a currency dealer.

“There could be 2-3 percent depreciation this year.”

The rupee might see volatility due to heavy debt repayment by the government this year, said dealers.

Sri Lanka raised $470.6 million last week via development bonds, the central bank said.

 

About neo

Check Also

Committee for updating petroleum prices once in three months

The cabinet of Ministers has granted approval to appoint a committee consisting of the officials …

Leave a Reply

Your email address will not be published. Required fields are marked *