Sri Lankan rupee up

The Sri Lankan rupee ended slightly firmer on Wednesday as exporter dollar sales outweighed importer demand for the greenback on hopes that political stability would resume after coalition partners agreed to continue with a cabinet reshuffle. The rupee ended at 155.10/20 per dollar, compared with Tuesday's close of 155.45/55. The rupee hit a record low of 155.90 last week.
"There was some selling by foreign banks which helped the rupee to end firmer," a dealer said. Prime Minister Ranil Wickremesinghe and Secretary of President Maithripala Sirisena-led party on Wednesday told the parliament that the unity government of their parties will continue, easing political uncertainty that hurt sentiment last week.