Tag: Sri Lankan rupee weakens as c.bank raises reference rate after Fed move

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Sri Lankan rupee weakens as c.bank raises reference rate after Fed move

COLOMBO, Dec 15 (Reuters) – The Sri Lankan rupee edged lower on Thursday as the central bank raised the spot reference rate further, a day after the U.S. Federal Reserve hiked interest rates by 25 basis points, dealers said. The Fed raised interest rates on Wednesday and signalled a faster pace of increases in 2017 […]