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Sri Lankan rupee drop continues and hits a fresh low

Sri Lanka’s rupee continued its fall, dropping to a fresh low on Friday, amidst a shaky outlook for the economy.

The rupee hit a fresh low of 163.60 per dollar, according to Reuters data, ending at 163.60/70 per dollar.

The latest fall comes after a gauge published by Nomura this week showed Sri Lanka is most at risk of an exchange rate crisis, as fears over currency crunches continue to build in emerging market economies.

 

 

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