Election results send Sri Lankan rupee to record low
Sri Lanka’s rupee hit a record low on Monday after local government election results from the weekend filtered through, showing former Sri Lankan president Mahinda Rajapaksa’s party achieving a significant victory.
The rupee traded at a record low of 155.00 on Monday, ending at 154.95/155.05 per dollar on Monday. Reuters reported that it also surpassed its previous all-time closing low of 154.60/70 hit on Tuesday.
