Gallery
- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Hockey India has announced a 54-member core probable squad for the upcoming senior men’s
- Satwik-Chirag return as BAI names 14-strong squad for BWF Sudirman Cup Finals 2025
- Men’s Sr Hockey Nationals to be played in division-based format from April 4
- Mensik denies Djokovic 100th title in Miami final
- KIPG: Son of a vegetable vendor, Bihar’s Jhandu Kumar eyes Worlds, 2028 Paralympics
- Hardik Singh credits hard work and team unity for receiving HI Midfielder of the Year award
As foreign reserves slip, Sri Lanka to devalue currency Last Updated : 08 Mar 2022 04:23:11 PM IST Central Bank of Sri Lanka has allowed the country's rupee to devalue to 230 per US dollar considering the severity of the external shocks and recent developments domestically.
The bank said that it will closely monitor the emerging macroeconomic and financial market developments, both globally and domestically, and will stand ready to take further measures as appropriate, Xinhua news agency reported.
The aim is to achieve stability in inflation, the external sector, the financial sector, and real economic activity, according to the bank."In that context, greater flexibility in the exchange rate will be allowed to the markets with immediate effect. The central bank is also of the view that forex transactions would take place at levels which are not more than 230 rupees per US dollar," it said in a statement.Earlier the Sri Lankan rupee was pegged to the dollar at 200.A number of Sri Lankan economists have been urging the government to devalue the rupee in the past few months, stating that this policy was creating forex shortages and parallel exchange rates.IANS Colombo For Latest Updates Please-
Join us on
Follow us on
172.31.16.186