Sri Lanka’s rupee was quoted as 322.72 buying and 334.99 selling by the Central Bank yesterday. In the open market the dollar was trading around Rs. 370/385 but it was showing a decline from the previous Rs. 400 plus figure.
The Central Bank and the Government have already begun working closely with the International Monetary Fund (IMF) to formulate a sustainable solution to overcome the macroeconomic challenges faced by the country at present and economists say that the rupee is expected to stabilize gradually to some extent.