Sri Lanka rupee hits new record low of 161.00; Stocks down

Jun 18, 2018 (LBO) –  Sri Lanka’s stock and money markets got off to a slow start Monday with rupee dropping to a new low of 161.00 against the US dollar while stocks also showed a dip.

The rupee opened at around 159.40/90 but by mid day was quoted around 161.00/05 to the US dollars in the spot market.

It crossed the 160 to the US dollar range last week but rebound later in the week.

On the stock market the Colombo All Share Index was down 16.51 points (0.26 percent) to 6,359 points by mid day.