Sri Lanka rupee gains to 112.90 against greenback after limit cut

Dec 30, 2008 9LBO) – The Sri Lanka rupee rose to 112.90/113.00 levels after the Central Bank cut overnight trading positions of banks, dealers said. The spot dollar opened around 113.60/80 levels Tuesday.

The rupee edged towards 113.80/114.00 levels Monday. Overnight rates in the inter bank market was around 13.00/13.50 with excess liquidity at most banks, dealers said.