COLOMBO Feb 3 The Sri Lankan rupee edged down
on Friday due to dollar demand from importers and banks as
foreign investors continued to sell government securities,
Rupee forwards were active, with two-week forwards
trading at 151.10/15, weaker from Thursday's close of 151.02/10.
"The rupee continues to be under pressure with import demand
and foreigners exiting from bonds," a currency dealer said,
The Sri Lankan central bank's first monetary policy review
for 2017 is scheduled on Tuesday.
The rupee has been under pressure due to rising imports and
net selling of government securities by foreign investors, while
the central bank has said defending the currency was not
The central bank revised the spot rupee reference
rate to a record-low of 150.50 from 150.25 earlier this week.
Foreign investors net sold 21.1 billion rupees ($140.6
million) worth of government securities in the three weeks to
Jan. 25, according to latest central bank data.
Sri Lankan shares were up 0.1 percent at 6,134.38, as
of 0620 GMT. Turnover stood at 234.6 million rupees ($1.56
($1 = 150.5000 Sri Lankan rupees)
(Reporting by Ranga Sirilal; Editing by Shihar Aneez and