COLOMBO, Nov 15 (Reuters) - The Sri Lankan rupee edged up on
light volume from a six-week low on Friday due to dollar sales
by banks and inward remittances, currency dealers said.
The trading volume was sluggish because of frequent road
closures for a Commonwealth summit, hitting business activities
in Colombo, dealers said.
They said the rupees was still under downward pressure due
to importer dollar demand ahead of the year-end festive season.
The spot rupee ended at 131.10/12 per dollar, up from
Thursday's close of 131.10/20, which was near its lowest close
since Oct. 4.
"There were demand for dollars, but people cannot find them
as they faced problem in coming to banks and submit documents,"
a currency dealer said on condition of anonymity.
Due to limited trading opportunities in the spot rupee,
banks and dealers traded three-day forwards actively.
Three day forward or spot-next ended at 131.12/15 per
dollar, firmer from Thursday's close of 131.22/25.
Dealers expect the currency to be weighed down by continued
importer dollar demand ahead of the December festive season.
However, the pressure on the rupee should start to ease off
on offshore remittances by the middle of next month, they said.
The rupee hit a record low of 135.20 on Aug. 28, but has
managed to stem further losses and has gained 3.10 percent since
(Reporting by Shihar Aneez and Ranga Sirilal; Editing by Anand