Sri Lanka rupee weakens amid fund outflows; stocks edge up

Sri Lanka’s rupee closed weaker
on Tuesday, hovering near a seven-month closing low hit last
week, as continued foreign fund outflows from government
securities after a surprise rate cut last month 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