|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
COLOMBO, Oct 30 (Reuters) - The Sri Lankan rupee strengthened on Wednesday, edging up from a near two-week low as banks sold dollars, but downward pressure on the currency is expected in the near term because of seasonal and project-related imports, dealers said.
Some dealers said a state bank, through which the central bank usually directs the market, was seen selling dollars at 131.00 rupees.
The spot rupee closed 130.95/05 per dollar firmer than Tuesday's close of 131.10/20 per dollar, its lowest close since Oct. 17.
"A state bank sold dollars at 131.00 and there was some bank (dollar) selling too," said a currency dealer who asked not to be named.
The currency, which appreciated 0.4 percent last week on foreign buying in the rights issue of John Keells Holdings Plc , hit a near four-month closing high last week.
The rupee hit a record low of 135.20 on Aug. 28, but has managed to stem further losses and is up 3.21 percent since then. (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Anupama Dwivedi)