Sri Lanka rupee weakens amid fund outflows; stocks down

Sri Lanka’s rupee closed weaker
on Monday, hovering near a seven-month closing low hit last
week, as foreign fund outflows after the central bank’s rate cut
weighed on the currency.
** Foreign investors sold net 12.3 billion rupees worth of
government securities in the week ended Aug. 28, the second
worst weekly outflow in eight months.
** They offloaded government securities worth of 25.2 billion
rupees in the two weeks ended on Aug. 28, data showed, extending
the ye