Sri Lankan rupee steady; exporter dlr sales offset importer demand

Sept 8, 2016 (Reuters) – The Sri Lankan rupee traded steady on Thursday as mild dollar demand from importers was offset by exporters' greenback sales, dealers said.
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The spot rupee was at 145.40/46 per dollar at 0649 GMT, compared with Wednesday's close of 145.
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40/45. One-week rupee forwards were at 145.

60/65, compared with the previous day's close of 145.

65/70. The spot rupee is usually managed by the central bank, and market participants use the forward market levels for guidance on the currency. "Today there was not much of selling.
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The rupee is steady due to the mild importer (dollar) demand," a currency dealer said, asking not to be named.
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Dealers said seasonal importer demand would pick up from mid-October.
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Central bank Governor Indrajith Coomaraswamy said last week that the currency was not under upward pressure as capital inflows had not been of sufficient magnitude to exert such pressure.
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The central bank has largely not intervened to defend the rupee ever since a dual-tenure sovereign bond issue raised .
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5 billion in July. Sri Lankan shares edged higher, with the benchmark Colombo stock index up 0.
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07 percent at 6,512.23 as of 0654 GMT. Turnover was at 581 million rupees (.
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00 million)
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