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My News Sri Lanka / Sri Lankan News / Business & Economy / Sri Lanka rupee hits new low of 115.80/116.00
Posted:  31 Mar 2009 17:44
Sri Lanka's rupee hit a new life low of 115.80/116.00 versus the dollar today on import demand for dollars, dealers said.

"The rupee fell to 115.80/116.00 as a state bank bought dollars to settle import bills. There was no intervention seen to prevent the fall of the rupee," a currency dealer said on condition of anonymity. Other dealers confirmed the fall.