403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
UAE- Sri Lankan rupee hits record low of 157.40 per dollar
(MENAFN- Khaleej Times) The Sri Lankan rupee slipped to a fresh all-time low of 157.40 per dollar ( 42.56 against dirham ) on Wednesday for a third straight session, pressured by persistent importer dollar demand, dealers said. 
Two dealers confirmed that the rupee was traded at 157.40 on the dollar - beyond the previous record-low of 157.30 hit on Tuesday.
"Unlike earlier, petroleum importers are buying dollars from the market instead of borrowing from banks. That has put pressure on the rupee," a currency dealer said.
The rupee has fallen 0.64 per cent so far this week and 1.2 per cent for the month.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment