SL Rupee appreciates against USD [October 25 2010]

Sri Lanka Rupee has appreciated against the US dollar as the country’s economy continued to show an upward trend.

The rupee closed firmer on Monday at 111.70/72 a dollar from Thursday’s 111.76/78 as central bank lowered the trading band by 10 cents to 111.30/70. The banking sector index led the fall with top listed lender Commercial Bank COMB.CM shedding 2.18 percent to 265.10 rupees and Sampath Bank SAMP.CM losing 1.1 percent to close at 295.10.