COLOMBO: The Sri Lankan rupee ended firmer on Tuesday as dollar selling by a state-run bank surpassed importer demand for the greenback, dealers said.

One-week rupee forwards, which have been acting as a proxy for the spot rupee, ended at 146.10/30 per dollar compared with Monday’s close of 146.20/40.

The spot rupee is tightly managed by the central bank, and market participants use the forward market levels for guidance on the currency. The spot rupee was not traded on Tuesday.

Spot-next, which are rupee forwards settled three days after the spot rupee settlement, ended little changed at 145.90/146.20 per dollar with compared to Monday’s close of 145.95/146.05.—Reuters