Rupee depreciation News
Latest conceptually matching events and reports for Rupee depreciation.
UNP Slams Government Over Rupee Depreciation and Economic Policy.
The United National Party (UNP) has criticized the government for the significant depreciation of the Sri Lankan rupee, warning that the rising cost of living is placing an unbearable burden on the public while export sectors focus primarily on profits.
Sri Lankan Rupee Faces Further Depreciation Against US Dollar.
The Sri Lankan Rupee has seen a noticeable decline against the US Dollar across major commercial banks today, with selling rates climbing to approximately Rs. 334.
Central Bank Governor Attributes Rupee Depreciation to Global Market Shifts.
Central Bank Governor Nandalal Weerasinghe has clarified that the recent depreciation of the Sri Lankan Rupee is primarily driven by global economic conditions, distinguishing it from the domestic-led crisis of 2022. He reaffirmed the bank's commitment to a flexible exchange rate while maintaining intervention to prevent excessive market volatility.
Sri Lanka Financial Update: Rupee Fluctuations and Customs Revenue Surge.
The Sri Lankan rupee saw a marginal decline against the dollar while bond yields trended upward. Simultaneously, Sri Lanka Customs significantly outperformed its revenue targets for April and the first four months of the year.
