Sri Lankan rupee weaker on foreign bank dollar demand

Thursday, 19 January 2017 - 12:02


The Sri Lankan rupee traded weaker yesterday due to importer dollar demand, after sales by foreign banks had helped the U.S. currency to edge up in the previous two sessions.

The rupee has been under pressure due to rising imports and net selling of government securities by foreign investors.

Furthermore, the central bank has adjusted the spot rupee reference rate to a record low of 150 rupees and 15 cents per dollar.


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