Sri Lankan rupee edges down on importer dollar demand

Sri Lankan rupee edges down on importer dollar demand, foreign bond sale

COLOMBO, Oct 20 (Reuters) – The Sri Lankan rupee edged down on Thursday on importer dollar demand and as foreign investors sold bonds in the absence of central bank intervention, said dealers. Rupee forwards were active, with the spot-next at 147.45/55 per dollar as of 0646 GMT, compared with its previous close of 147.40/50. The […]

Sri Lankan rupee edges down on importer dollar demand

Oct 05, 2016 (Reuters) – The Sri Lankan rupee edged down on Wednesday on mild importer dollar demand amid market expectation that the currency will remain under downward pressure ahead of the festival season, dealers said. The spot rupee was at 146.80/85 per dollar at 0732 GMT, compared with Tuesday’s close of 146.70/75. “The importer […]

Sri Lankan rupee edges down on importer dollar demand

COLOMBO, Sept 15 (Reuters) – The Sri Lankan rupee traded slightly lower on Thursday as importer dollar demand surpassed exporter sales of the U.S. currency, dealers said. The spot rupee was at 145.82/92 per dollar, compared with Wednesday’s close of 145.70/85. One-week forwards were at 145.98/146.10, compared with the previous close of 145.90/146.05. The spot […]

Sri Lankan rupee edges down on importer dollar demand

July 27, 2016 (Reuters) – The Sri Lankan rupee edged down on Wednesday due to importer dollar demand as hopes of the currency’s appreciation after a recent sovereign bond inflow evaporated, dealers said. One-week rupee forwards, which have been acting as a proxy for the spot rupee, traded at 146.20/40 per dollar, slightly weaker than […]

Sri Lankan rupee edges down on importer dollar demand

COLOMBO, May 11 (Reuters) – The Sri Lankan rupee was marginally weaker in early trade on Wednesday on importer dollar demand, but its decline was limited as banks sold the greenback to facilitate buying of local government securities by offshore investors, dealers said. Downward pressure on the local currency would likely ease on expected fund […]