Sri Lanka rupee hovers near 160 to the one dollar
Sri Lanka ( LKR)
Sri Lanka’s rupee closed at 159.95/95 against the spot US dollar Monday, near the psychological 160 to the US dollar mark, after opening around 159.55/85 levels, dealers said.
Last week exporter selling was seen when the rupee weakened below 160 to the US dollar, dealers said.
Interbank markets were short by 18.5 billion rupees with the central bank injecting 18 billion rupees through an overnight reverse repo auction at 8.5 percent. Keeping the market short reduces pressure on the rupee.
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Blessings :)
Thanks @martha75 your idea.