Sri Lankan rupee flat

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

Jan 01, 2009 (LBO) – The Sri Lankan rupee closed the first trading day of the new year at 113.10/20 to the dollar in an inactive market, brokers said Thursday.

The rupee opened the day at 112.90 to the dollar.

The rupee fell dipped towards 113.80 levels earlier in the week but gained after the central bank cut overnight trading positions of commercial banks.

Overnight interest rates were at 13.65 percent with no liquidity shortages in most banks.