Sri Lanka rupee edges up on dollar sales by exporters, banks
COLOMBO Oct 14 (Reuters) - The Sri Lankan rupee edged up on Monday due to dollar sales by exporters and banks, dealers said.
The spot rupee was at 130.85/95 per dollar at 0739 GMT, near its highest level since July 16 and firmer from Friday's close of 131.07/11.
Dealers expect the local currency to be stable and trade in a narrow range in the short term after the central bank governor said on Oct. 4 that the currency would "behave in a stable manner" in the next few months.
The rupee hit a record low of 135.20 on Aug. 28, but has managed to stem further losses since then.
Globally, the dollar, which tracks the greenback's performance against a basket of major currencies, dipped 0.1 percent.