Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Wednesday, helped by exporter dollar sales and inward remittances but importer demand for the greenback from a state bank weighed on the sentiment, dealers said. Rupee forwards were active, with two-week forwards ending at 152.55/65 per dollar, compared with Tuesday's close of 152.70/80.
"There was some selling by a foreign bank. We have seen some inward remittances ahead of the festive season and seasonal (importer) demand has largely covered. Besides, state bank's demand for dollar was also there," said a currency dealer, requesting anonymity.The rupee has been under pressure due to dollar demand to meet increased seasonal imports ahead of the traditional new year in April, dealers said.