Sri Lanka rupee weakens further

L to R: Samantha Ranatunga, Chairman, HVA Foods PLC; Jan Müggenburg, Chief Executive Officer, Müggenburg Group; Graham Stork, Chief Executive Officer, HVA Foods PLC; Sarva Ameresekere, Group Chairman, George Steuart & Co. Ltd.

Nov 23, 2011 (LBO) - Sri Lanka's rupee weakened to 114.15/20 in the spot dollar market, after closing at 113.
buy finasteride online buy finasteride generic


buy avanafil online buy avanafil online no prescription
88/90 rupees a day earlier, after the monetary authority adjusted a daily guidance rate, dealers said. The rupee fell more than 3.0 percent a day earlier after the a budget for 2012 said the rupee should be depreciated three percent in a surpriose move.
buy zithromax online buy zithromax generic

Sri Lanka's rupee had been under pressure due to high credit growth from mid 2011 leading to reserve losses as a peg was defended.

In August, interventions began to be actively sterilized, a phase which is difficult to emerge out of without a clean float.

buy desyrel online buy desyrel generic

However interest rates have been adjusted upwards in recent months.

.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x