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