Thursday, 03 November 2016 - 19:14
Economists warn that the rupee could further depreciate
Senior Lecturer of Ruhunu University Nandasiri Kihimbiyahetti says that the value of a rupee will be depreciated against the dollar, to Rs. 160, in future.
Expressing his views to our news team, the Senior Lecturer further noted that the depreciation of the value of rupee will have an impact on imports, exports, as well as foreign debt burden of the country.
He also added that if the Central Bank does not take measures to stop further depreciation, the value of rupee will be depreciated to Rs. 160 per dollar.