Sri Lanka rupee hits record low

Sept 05, 2018 (LBO) – The Sri Lanka rupee dropped to a new record low of 163.30 rupees against the US dollar Wednesday in mid after-noon trade.

The rupee opened weaker at 161.95/162.10 rupees Wednesday while it closed at 161.95/162.00 rupees against the US dollar on Tuesday.

Dealers said they has witnessed excess liquidity in money markets in the recent weeks with importer demand also increasing.