COLOMBO: Sri Lankan rupee forwards closed steady for a seventh straight session on Tuesday despite importer dollar demand as the central bank capped trading at 132.00 per dollar through moral suasion.
Four-day forwards, which were actively traded, closed at 131.99/132.05 per dollar.
"We see some unusual imports towards the end of this year," said a currency dealer, adding that the impact of lower interest rates and stable exchange rate was seen now.
Three-day forwards, or spot-next, started to trade on Monday around 131.99 per dollar level, dealers said.
The spot currency was not traded after the central bank capped the currency at predetermined levels to prevent volatility, traders said.
Central bank Governor Ajith Nivard Cabraal said on Thursday that the rupee would be stable during this month.
Overseas investors sold a net 367 million rupees worth of government securities during the week ended December 17.
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