Sri Lanka rupee falls to record low

Sri Lanka rupee falls to record low

June 12, 2015   03:53 pm

The Sri Lankan rupee fell to a record low of 134 on Friday as a state-run bank, through which the central bank directs the markets, lowered the dollar selling rate by 20 cents, dealers said.

Currency dealers said hopes that the rupee would strengthen on rising inflows was fading as the currency has come under pressure due to political uncertainty ahead of a parliament poll and foreign selling in rupee bonds during the last few days.

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