Rupee dips 2.7% against dollar; appreciates against Yen, Indian Rupee and Aussie dollar

Tuesday, 11 February 2014 00:03 - - {{hitsCtrl.values.hits}}

As at end 2013, the rupee depreciated modestly by 2.7% against the US dollar, 6.8% against the euro and 4.7% against the pound sterling, the Central Bank said yesterday. At the same time, the rupee appreciated significantly against the Japanese yen by 18.8%, the Indian rupee by 10.2% and the Australian dollar by 13.3%. So far during 2014, the rupee has remained relatively stable against the US dollar at around same levels recorded at the end of 2013. In the meantime, in terms of cross currency exchange rate movements, the Sri Lanka rupee appreciated against the euro (1.62%), the pound sterling (1.09%) and the Indian rupee (0.82%), while depreciating against the Japanese yen (2.75%) during the year so far up to 7 February 2014.

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