COLOMBO: Sri Lankan rupee forwards ended weaker on Wednesday as dollar demand from importers outpaced greenback sales by exporters, dealers said.
The spot currency and three-day forwards, or spot-next, were not traded after the central bank capped the currency at predetermined levels to prevent volatility. Central bank officials were not available for comment.
Dealers said four-day forwards, or spot-next-next, which were actively traded, ended at 131.80/85 per dollar compared to Tuesday's close of 131.72/77.
"There was importer (dollar) demand," a currency dealer said. Overseas investors bought a net 456.7 million rupees worth of government securities during the week ended Nov. 26.
They sold a net 38.6 billion rupees ($294.66 million) in the nine weeks through Nov. 26, data from the central bank showed.
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