Sri Lanka's rupee forwards steady

30 May, 2015

Sri Lankan rupee forwards ended steady on Friday as pressure on them eased amid hopes the local currency would gain after the island nation sold a 10-year, $650 million sovereign bond at a yield of 6.125 percent. Actively traded three-month forwards ended steady at 137.80/90 per dollar, little changed from Thursday's close of 137.75/85. It gained on Thursday for the first time in nearly two weeks. Currency dealers said the three-month forwards traded within a wide margin of between 137.50 and 137.90.

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