Sri Lanka rupee closes at 319.80/95 to the US dollar
Sri Lanka’s rupee appreciated further to close at 319.80/95 to the US dollar on Tuesday, dealers said. Bond yields were down.
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Sri Lanka’s rupee appreciated further to close at 319.80/95 to the US dollar on Tuesday, dealers said. Bond yields were down.
During the day, the local unit witnessed an intraday high of 83.06 and a low of 83.17 against the American currency
The U.S. dollar weakened against other major currencies in the Asian session on Monday. The U.S. dollar fell to 6-day lows of 1.0910 against euro and the 1.2718 against the pound, from Friday's closing quotes of 1.
US stock futures powered higher after the S&P 500 index set a new record on Friday, while bitcoin and ether were weaker amid continued profit-taking.
The government should re-evaluate its taxation policies and address the high cost of power to lower the cost of doing business.