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US Dollar rate passes 170 mark
Sep 21, 201812:33 PM
The Sri Lankan rupee fell on Friday to hit a record low for a eight straight session.
The Sri Lankan Rupee depreciated against US Dollar with the selling rate of the US Dollar passing the 170 mark for the first time in history with price closing at 170.6569.
The buying price is recorded as 166.7839 according to the Central Bank.
Senior Deputy Governor Nandalal Weerasinghe had said that the central bank will intervene aggressively to curb excess volatility in the rupee exchange rate.
“We will not tolerate excess volatility that we have seen in the market during the last couple of days. We will intervene aggressively,” he told Reuters on Thursday.
