Sri Lankan rupee continues fall to record low
The Sri Lankan rupee continued its slide to a record low for a twelfth straight session on Wednesday, as the government stated it would not intervene in the foreign exchange markets.
“Until the dollar rally is over, we will see the same trend of depreciation (in the rupee),” a dealer who requested anonymity told Reuters.
“The regional currencies are also in a falling trend with oil prices on the rise. It makes sense for exporters to hold in dollars until the rupee touches the bottom.”


