Sri Lanka Rupee Falls, CB Comfortable With Level

The Sri Lankan Rupee fell to 105.90 against the US dollar Friday from Thursday’s closing level of 105.50 on the back of increased imports ahead of the December festive period.
The rupee’s fall was also tied to the Central Bank of Sri Lanka holding key interest rates unchanged at a monthly monetary policy meeting this week, and statements to the effect that it was comfortable with the current level of the rupee.
A trader at First Capital said the rupee, at 12.35pm, had found support at the 105.95 level. He added that there could be further support at the 106 level.