The rupee closed at Rs. 132.70/133.20 against the dollar from an opening position of Rs. 132.70/133.10, currency dealers said.
"It was a quite day and this helped keep the exchange rate relatively steady," a dealer said.
The Central Bank yesterday announced the government would issue a US$ 1 billion Eurodollar bond later this year with four international banks and People’s Bank appointed to manage the issue.
Dealers said the issue could help stablilise the exchange rate, but there is uncertainty as to whether or not Sri Lanka could reduce the pricing on the bonds.