August 28, 2017 / 11:46 AM / in a year

Sri Lankan rupee ends firmer on exporter dollar sales

COLOMBO, Aug 28 (Reuters) - The Sri Lankan rupee closed slightly firmer on Monday as exporter dollar sales surpassed importer demand for the U.S. currency, dealers said.

The spot rupee ended at 152.90/95 per dollar, compared with Friday’s close of 152.95/153.00.

“There were some dollar conversions. Some exporters sold the dollars,” said a currency dealer, requesting anonymity.

The rupee has been under pressure since January after the central bank stopped defending the currency and started buying dollars to build up the country’s depleted foreign currency reserves.

The island nation has seen 28 billion rupees ($183.19 million) of net inflow into equities up to Monday’s close and 5.7 billion rupees worth inflows into government securities up to August 23, official data showed.

$1 = 152.8500 Sri Lankan rupees Reporting by Ranga Sirilal and Shihar Aneez; Editing by Sherry Jacob-Phillips

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