Sri Lanka rupee ends at 7-month low; foreign fund outflow weighs

Sri Lanka’s rupee fell on
Wednesday to its seven-month closing low as foreign fund
outflows after the central bank cut key monetary policy rates
weighed on the currency. Shares closed steady.
** Foreign investors sold net 12.9 billion rupees worth of
government securities in the week ended Aug. 21, the worst
weekly outflow in eight months, and the year-to-date net foreign
outflow was 40.9 billion rupees, central bank data showed.
** The surprise rate cut on Friday is