Sri Lanka rupee ends steady at 7-month low; stocks slip

Sri Lanka’s rupee closed almost
steady on Thursday at a fresh seven-month low, but risks of
foreign fund outflows weighed on the currency after the central
bank cut key monetary policy rates.
** 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