Sri Lankan rupee weaker on foreign bank dollar demand

Thursday, 19 January 2017 - 12:02

Sri+Lankan+rupee+weaker+on+foreign+bank+dollar+demand

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.

 



Rupee strengthens while the stock market record a drop in prices
Monday, 13 July 2020 - 21:38

The rupee was still stable against the dollar today, while the stock market price index dropped. The selling price of a US dollar was 188 rupees and 10... Read More

Central Bank approved more than Rs. 60 billion working capital loans to COVID-19 affected businesses
Friday, 10 July 2020 - 23:10

The Central Bank of Sri Lanka (CBSL) approved 22,306 loans amounting to Rs. 60,250 million under the Saubagya COVID-19 renaissance facility as of 10th... Read More

Foreign reserves increase to US $ 6.7 billion
Friday, 10 July 2020 - 9:06

The Central Bank states that the country's foreign reserves have recovered in June.Foreign reserves rose to $ 6.7 billion in June from $ 6.49 billion in... Read More