"The US dollar closed at Rs. 131.95-132.00 slightly firmer from its opening level of Rs. 131.80-90 on light importer demand. The market high was at 132.00 and the lowest was at 131.85," the Sri Lanka Forex Association said.
The rupee made some ground against the greenback after the US$ 1 billion sovereign bond issue and the last tranche under the IMF SBA programme amounting to US$ 415 million came through last month, but currency dealers said the momentum could not be sustained by the Central Bank absorbing the dollars into reserves with import demand still buoyant although light.