Sri Lanka stocks open up, rupee steady

April 27, 2009 (LBO) - The Sri Lanka rupee opened at 120.





10/40 against the spot dollar Monday dealers said, while stocks opened 0.

46 percent up, following week of strong gains. Seylan Bank, of which 33 percent is being sold to a strategic partner by the Central Bank opened up 1.

00 rupees at 39.75. Sampath opened up 1.20 at 74.00 rupees.

In forex markets the spot dollar traded around 120.

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40, dealers said. The market was around 120.30/50 rupees in mid-morning trade, but dipped to 119.
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80/120.00 by late afternoon trade. A state bank said it was not offering at higher levels.
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The rupee has been floating freely from the last week of March, ahead of an International Monetary Fund bailout.


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