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Markets Print edition: 2016-11-19

Sri Lankan rupee falls

Published November 19, 2016 Updated November 19, 2016 12:00am

The Sri Lankan rupee ended weaker on Friday on persistent worries of capital outflows as incoming President Donald Trump's policies are seen aiding higher US interest rates and a strong dollar. Dealers said the central bank revised the spot preference to 147.95 per dollar from 147.75. Rupee forwards were active, with the spot-next traded at 148.90 in early trade before ending at 148.75/85 per dollar, compared with Thursday's close of 148.65/75.
"The rupee was under pressure. We saw some selling (of dollars) when the spot next hit 148.90 during the day," said a currency dealer requesting anonymity.

Copyright Reuters, 2016

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