Sri Lanka rupee weaker, rates steady

Lanka Business Online

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Sri Lanka's rupee was quoted weaker around 131.40/50 to the US dollar in the spot market Tuesday while bond yields were flat from a day earlier, dealers said.

The rupee has weakened from around 129 rupees to current levels the US dollar over the past three weeks as rupee liquidity levels remained high particularly after a large unsterilized dollar purchase.  

Sri Lanka expresses displeasure

By R. K. Radhakrishnan | The Hindu

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The Foreign Office summoned the British High Commissioner here on Monday, taking exception to his comments on the “disproportionately high military presence in north Sri Lanka”.

“Foreign Minister G.L. Peiris made it clear that the British envoy John Rankin's comments were unacceptable and constituted interference in the internal affairs of Sri Lanka,” said a senior official.