The depreciation of the rupee persisted, with yesterday’s $ exchange rate crossing the Rs. 203 mark.
On 31 March, the rate was Rs. 202.04. The buying rate of Telegraphic Transfer was Rs. 199.21.
Wealth Trust Securities said the USD/LKR rate on the more active one-week forward contracts were seen closing the day at levels of Rs. 201.00/202.50 yesterday against its previous day’s closing level of Rs. 201.50/202.50.
(FT)