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Monday, 24 September 2018 - 14:01
The Rupee further depreciates due to US interests rates
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The economic analysts point out that the United States is preparing to increase interest rates twice more within this year.

They predict that the local rupee will further depreciate against the US dollar, as it hit a record low at 170 rupees and 65 cents last Friday.

Commenting on the situation, Professor sirimal abeyratne, of the Faculty of Economics at the University of Colombo said that short-term solutions to prevent further depreciation are very limited.

 
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