Sri Lankan rupee falls to near 7-month low

Tuesday, 25 June 2013 - 8:36

Sri+Lankan+rupee+falls+to+near+7-month+low

 

Sri Lanka's rupee hit a near seven-month low, before a state-controlled bank intervened to stabilise the currency, amid continuous depreciation pressure due to dollar demand from importers and foreign investors who are exiting in the wake of rising U.S. treasury yields.

 

The lowest trade was at 129 per dollar, before the currency closed at 128.90.



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