Sri Lankan rupee flat

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.