ASPI closed 6,500.64, down 17.44 points or 0.27 percent with losses in John Keells Holdings and Cargils, brokers said. Turnover was 402 million rupees. (3.00pm)
The spot rupee, which was traded actively for four straight sessions through Monday, was not traded on Tuesday, they said. On Monday, it had closed at 144.85/95 per dollar. Dollar/rupee forwards, known as spot next, ended at 144.90/145.10 per dollar, compared with Monday’s close of 144.90/145.00. “The importer dollar demand was there today. Natural demand has come in as the rupee appreciated during the last few days,” a currency dealer said, asking not be named. “Heavy moral suasion prevented spot and spot next trading and it was the one-week forwards which were active. The central bank did not allow spot and spot next trade higher.”. One-week forwards ended at 145.30/40 per dollar, lower than Monday’s close of 144.95/145.10.
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