Sri Lanka rupee hits record low of 166.00 per dollar – sources
Posted by Editor on September 18, 2018 - 1:40 pm
The Sri Lankan rupee fell 0.5 percent and hit an all-time low of 166.00 per dollar on Tuesday, weighed down by higher dollar demand from importers amid reluctant greenback sales by exporters, market sources said.
The local currency hit a fresh low for a fifth straight session on Tuesday. It closed at 165.00/30 per dollar on Monday.
The rupee weakened 2.4 percent this month, and 7.7 percent so far this year.
(Reuters)
Latest Headlines in Sri Lanka
- Sri Lanka Railway Station Masters begin union action over unresolved issues October 30, 2024
- Johnston Fernando released on bail October 30, 2024
- Six foreign nationals arrested in Seeduwa for visa violations October 30, 2024
- Postal voting begins for Sri Lanka’s 2024 Parliamentary Election October 30, 2024
- Sri Lanka President outlines plans for economic independence and digital transformation October 29, 2024
