The Central Bank yesterday put restrictions on forwards deals on foreign exchange.
In a directive under the Banking Act CSBL Governor Nivard Cabraal said that forward sales and purchases of foreign exchange by commercials banks are revoked for exporters. However the facility is allowed for importers.
According CBSL guided US dollar exchange rates yesterday were $ 272.07/282.50.
On the interbank Forex trades dollar rupee was quoted buying at 285 but no sellers forex dealers said.
(FT)