He said banks are not expected to buy dollars without underlying transactions to back them.
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Sri Lanka's rupee was quoted as low as 133.50/134.00 Wednesday as some exporters held back and importers covered positions, dealers said.
The rupee weakened as the Central Bank allowed the currency to trade more freely.
But a state bank offered dollars at 133.
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00 rupees and the dollar was later quoted at 132.80/133.25.