President Mahinda Rajapakse said Friday's blast was the work of the rebel Liberation Tigers of Tamil Eelam (LTTE) guerrillas who are resisting a major military campaign in the north of the island.
The president in a statement warned that the rebels could resort to further indiscriminate attacks and urged residents to exercise more caution.
A powerful time-bomb ripped through an overcrowded bus, blowing off its roof, as it pulled out of the Piliyandala terminal into rush-hour traffic on Friday on the outskirts of the capital.
"Two more passengers died in hospital and the number of people remaining in hospital this morning is 64," a police spokesman said.
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Grief-stricken relatives gathered outside two hospitals to claim the dead from the explosion on the bus, which was jammed with office workers and schoolchildren returning from private classes.
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Among those killed were a 10-year-old boy, a Buddhist monk and eight women.
"The president deplored the LTTE bomb attack on a packed