Sri Lanka rupee recovers from 7-month closing low; stocks slip

Sri Lanka’s rupee closed
slightly firmer on Friday, snapping three straight sessions of
losses and recovering from a seven-month closing low hit in the
previous session, but risks of foreign fund outflows weighed on
the currency.
** 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.