Sri Lanka halts slide as central bank steps in

SRI LANKA - Sri Lanka's rupee ended a two-day plunge of more than three percent on May 3, firming at the close after the central bank sold dollars in the market for the second successive day.

ARTICLE - Dealers said the rupee opened around 92.50 to the dollar and picked up to 92.65 before firming to 92.10 to the greenback after the central bank intervened to stabilise the currency.

The rupee, which was floated in January 2001, fell more than two percent on a moderate volume of $5 million on Wedn

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: