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Sri Lanka's central bank intervenes as rupee hits record low

Sri Lanka’s central bank intervened as the rupee closed at a record low at the end of last week.

The central bank intervened by selling US dollars to support the currency, reports Reuters.

Officials at Sri Lanka’s central bank were not available for comments. Earlier last week senior deputy governor at Sri Lanka’s central bank Nandalal Weerasinghe said the bank would intervene to smooth high volatility and to support the rupee when necessary.