The Sri Lankan rupee is likely to strengthen toward the end of the year as import volumes cool after months of depreciation, Sri Lanka’s central bank governor told Dow Jones Newswires.

A Sri Lankan Cabinet Minister today admitted that the country is facing economic difficulties, but added the issue is common for the entire world. Minister of Health Maithreepala Sirisena says it is in this backdrop the government had to take hard decisions such as raising fuel prices and imposing a fuel surcharge on electricity bills. Sirisena says ...

Sri Lanka’s Central Bank says the current developments taking place in the Forex market, which dealers describe as “volatile” is only a temporary development. The Bank says the recent depreciation of the Sri Lankan rupee seems to be a reaction of forex dealers, which it says are adjusting

The Sri lankan rupee hit an all time low falling down to 120.10 SLR a Dollar today. The dip was due to the non interference of the Central Bank in...

(Srilankamirror) - The Sri Lankan rupee closed at 117.25/40 against the US dollar today, down from Friday's close of 115.20/30 in a second day of trading without Central Bank intervention. The rupee drifted lower in intra-day trading but recovered towards the end of the day, LBO reports

(Srilankamirror) - The Sri Lankan rupee fell against the US dollar to below 115 rupees after the Central Bank stopped intervening on a specific price. This followed a 30 cent lowering of its band earlier in the day, LBO reported quoting dealers. The rupee fell from 114.30 to 114.60

COLOMBO — Sri Lanka said Tuesday it did not need the final tranche of a $2.6-billion IMF bailout thanks to the country's healthy foreign exchange reserves.   The loan was granted in 2009 by the International Monetary Fund just after the end of the country's bloody ethnic civil war. "The need is no longer there. Our (foreign currency) reserves are at fairly comfortable levels," Central Bank o...

Colombo (Srilankamirror) - IMF resident representative Koshy Mathai has said the devaluation of the Sri Lankan rupee was a good step. The measure should support the nation's export competitiveness and safeguard its reserves over the medium-term, he has told Reuters via email. "

The Sri Lankan rupee has appreciated. According to the Central Bank, the rupee has appreciated 0.96 percent against the Dollar. The Central Bank attributed this development to the increased foreign investment. Such investments for the first half of this year have reached 413 million US Dollars

Minister Basil Rajapaksa has said that the effort of the Government was to continuously safeguard the economic growth achieved after the victory over terrorism and accelerate it. Sri Lanka has achieved a higher economic growth after the military victory. Even a considerable growth has been recorded in the tourism sector. Minister Basil Rajapaksa said that ...

The Central Bank says that the value of the Sri Lankan Rupee has appreciated. The Central Bank said this clearly indicates the growth achieved in Sri Lanka’s economy. The foreign exchange value of the Sri Lankan rupee had increased in comparison to the US Dollar. Latest statistics of the Central

The Central Bank has said that the remittances made by expatriate Sri Lankans have steadily increased. The foreign Exchange reserves have increased by 3.8 billion US dollars since the country was liberated from terrorism. Financial aid received by people in the North and East, as well as sustained inflows from the Middle East have contributed ...

by Anusha Ondaatjie Remittances sent home by Sri Lankan nationals overseas may rise to a record $3.8 billion in 2010, a central bank official said, adding that policy makers will ensure stability of the currency as the flows increase....