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Friday, 15 June 2012 - 19:03
Depreciation of rupee contributes to stable economy - says IMF
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The IMF states that the depreciation of the rupee would contribute positively to the economy in future.

It further states that though due to the unstable global environment the rupee is at the risk of depreciating it would not take place in the future.

These statements were made by visiting IMF Stand By Agreement Delegation Chief John Nelmes during a press conference held at the Central Bank auditorium.

The delegation further stated that Sri Lanka's inflation is heading towards a single digit figure and that the focus needs to shift to financial policy if inflation is to be arrested.

These were the views expressed by Nelmes in this regard.

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