September 11, 2013 / 11:39 AM / 6 years ago

Sri Lanka rupee up 0.4 pct as exporters sell dollars

COLOMBO, Sept 11 (Reuters) - The Sri Lankan rupee ended 0.4 percent firmer on Wednesday on exporter dollar sales, enjoying a rare respite after a three-month slide.

The rupee spot, which had been inactive for several weeks, was actively traded and ended at 132.25/35 per dollar, dealers said, from Tuesday’s close of 132.80.

“There was selling pressure on the dollar, but we are closely monitoring the global situation,” a currency dealer said.

Dealers said the pressure on the rupee has eased and spot trading started again after some time.

A modest rebound in the Indian rupee , also aided sentiment.

The Indian rupee extended gains to a fifth session on Wednesday as easing geopolitical tensions in Syria led to cooling of global crude oil prices, which will help keep the country’s import bill in check.

The Sri Lankan rupee hit a record low of 135.20 to the dollar on Aug. 28, before recovering.

The Lankan rupee has been falling since early July, with foreign investors pulling out of local bonds as U.S. Treasury yields rose on expectations the Federal Reserve would soon begin to taper its big bond buying programme.

The rupee has fallen nearly 3.6 percent this year, after depreciating around 10 percent in 2012. (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Prateek Chatterjee)

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