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Thursday, 21 July 2016 - 12:27
Sri Lankan R0upee Falls on Importer Dollar Demand; Stocks Up
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The Sri Lankan rupee fell due to dollar demand from importers, even as a top central bank official said proceeds from a sovereign bond issue, which dealers say would lift the local currency, have flowed in.

Central Bank Deputy Governor Nandalal Weerasinghe stated that 1.5 billion dollars raised from the bond issue has already come into the country.

Finance Minister Ravi Karunanayake said last week that the rupee would “obviously appreciate” on inflows from Sri Lanka’s first sale of dual-tranche eurobonds.

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