Rupee hits record low

19 March 2012 05:57 am - 38     - {{hitsCtrl.values.hits}}

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The Sri Lankan rupee hit a new low of around Rs.127.00 against the US dollar a while ago, currency dealers said.

The rupee opened at125.50/70 levels against the dollar and moved as low as Rs.127 when dollar sales by a state bank were took place, according to dealers.

As a result, the rupee was later quoted around 126.20/50,  dealers said.
 
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  Comments - 38

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  • John Monday, 19 March 2012 02:42 PM

    The advent of the R5,000 note went unheeded and this was where we were heading to? Any answers from our expert CB Gov!

    Sri Minnal Monday, 19 March 2012 07:45 AM

    I thought our economy is vastly improved since the end of the war.

    Jagath Monday, 19 March 2012 07:48 AM

    Very soon we can give loans to Europe.

    sas Monday, 19 March 2012 07:59 AM

    It shows where we are as a country contray to predictions of politiciations.

    banda Monday, 19 March 2012 08:02 AM

    is government trying to beat Zimbabwe

    Kolomba Kaka Monday, 19 March 2012 07:59 AM

    That is too bad, something has to be done immediately.

    Bakamuna Monday, 19 March 2012 08:14 AM

    the only way they are gonna do is by printing rupees in billions, they will soon do this....we are soon gonna be having millions in our hands to spend but the value of rupee is gone to dog...

    AJITH NIVAAD Monday, 19 March 2012 08:16 AM

    WHEN PER CAPITA INCOME GROWS VERY FAST DUE TO MAHINDA CUM CABRAAL CHINTHANAYA PEOPLE SPEND MONEY FOR UNNECESSARY ITEMS SUCH AS LIQUOR, WOMEN, VEHICLES, CLUBS ETC AND DEMAND FOR MONEY IS SO HIGH THAT GOVERNMENT IS COMPELLED TO PRINT MORE MONEY THAT DILUTES VALUE OF OUR RUPEE.

    Robert Monday, 19 March 2012 08:09 AM

    MINISTER TOLD US KNOW BOYCOTT ALL USA BRAND #@!$!! CAN WE BOYCOTT THOSE DOLLARS ?????????

    Lankawe Purawesiya Monday, 19 March 2012 08:25 AM

    The solution is simple. Ban using US Dollars.

    Robert Monday, 19 March 2012 08:26 AM

    ITS NOT ON BEHALF OF COUNTRY...... ITS MAY BE PERSONAL LOAN DEAR...

    Robert Monday, 19 March 2012 08:30 AM

    SO ONCE AGAIN BREAD, FUEL, MILK POWDER, GAS.............ETC ..ETC GOING UP????????

    deepal Abayasakar Tuesday, 20 March 2012 07:25 AM

    Have another Car race ,and give money to EUROPE , Nuts,,,,,

    xlntgson Monday, 19 March 2012 12:49 PM

    US $ floats, structural adjustment, so the wages be...

    raigam Monday, 19 March 2012 12:57 PM

    They are going to get loan from Chaina, keep 10% and later give that to Europe. Ha ha ha

    Sampath Monday, 19 March 2012 12:53 PM

    Where is Prof. Ajith Nivard Cabraal ?? What action does he proposes now.

    asiyawe ascharya Tuesday, 20 March 2012 10:39 AM

    cabraal cabraal cabraal

    maacapas Monday, 19 March 2012 01:24 PM

    I need to stock up on imported stuff.

    haid Monday, 19 March 2012 01:13 PM

    Hope we dont run short of paper to print more and more currency notes

    gaz Monday, 19 March 2012 10:15 AM

    Last few weeks same headline in daily mirror "Rupee hits record low"... can you change this headline... every day rupee makes records... like muttiahs wickets

    Achari Monday, 19 March 2012 06:18 AM

    Jathiyanthara kumanthranayak??????????????????

    mohan Monday, 19 March 2012 01:28 PM

    current forex market rate gone above 130.75 it might reflect tomorrow

    sena Monday, 19 March 2012 01:47 PM

    more luxury imports for politicos and professionals who contribute zero to economy. send more housemaids to get dollars

    dayasoma Monday, 19 March 2012 05:42 PM

    Perfrom a Billi Pooja

    Calistus Jayatilleke Tuesday, 20 March 2012 07:41 AM

    So, when are we going to give loans to European countries?

    lucifer Monday, 19 March 2012 06:30 AM

    soon we'll hit 150 as I told earlier...

    MEP Monday, 19 March 2012 06:32 AM

    All signs heading towards a classical recession scenario...
    Borrowing money at a rate and wasting at a rate...

    Achchaaru Monday, 19 March 2012 06:33 AM

    Where will it end ?

    Abbath Monday, 19 March 2012 06:40 AM

    Get out of this country while you still can

    MM Monday, 19 March 2012 06:40 AM

    Awaiting for Mannar oil production..............!

    Real peace Monday, 19 March 2012 06:35 AM

    Major economic crisis is looming - does anyone has any clue about where we are heading for?

    Lanka Monday, 19 March 2012 06:50 AM

    Rupess was suppressed for too long and now it is taking a deep dive. Will take sometime to compete with dollar again.

    Obama Monday, 19 March 2012 06:56 AM

    Rupee is like us ... hittin new lows each day

    Weha Monday, 19 March 2012 11:01 AM

    Geneva Geneva Geneva !!!!!!!!

    Private Eye Monday, 19 March 2012 07:07 AM

    We are paying the price for having the Rupee artificially sustained are 110 levels

    sarath puta Monday, 19 March 2012 11:17 AM

    you are 100% correct

    varuna Monday, 19 March 2012 07:23 AM

    Why dont wimal propose to ban US dollar also??

    citizen Monday, 19 March 2012 07:37 AM

    Asiyawe aschriya...... jayawewa!!!!!!!!!!!!!


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