Rupee hits record-low of 170.60 per dollar

Tuesday, 9 October 2018 00:17 - - {{hitsCtrl.values.hits}}

Reuters: The rupee slumped to yet another all-time low on Monday, as a broadly stronger dollar and selling in Government securities left the local currency vulnerable for further losses, market sources said.

The currency hit 170.60 per dollar, the fourth straight session of record lows, going below the previous nadir of 170.40 hit on Friday. It closed at 170.25/30 per dollar on Friday.

The rupee has weakened 0.9% against the dollar so far this month, building on the 4.7% loss in September. It has declined 11.15% so far this year.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.