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.