Sri Lanka sold a billion dollar bond in late July, about half the money was used to retire high cost domestic debt and the rest was deposited at the Central Bank to meet future debt payments, the central bank said.
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The central bank said the rupee has appreciated 0.96 percent against the US dollar so far this year. However the rupee has come under some pressure in recent weeks. The central bank has steadily sold dollars except in March and June. On Thursday the spot dollar closed at 109.
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94/95 rupees.
On April 28 the spot dollar weakened below 110 rupees.