Reply To:
Name - Reply Comment
Last Updated : 2024-03-29 18:14:00
REUTERS: The Sri Lankan rupee closed marginally higher yesterday, as dollar inflows from inward remittances outpaced demand from importers for the US currency, dealers said.
The spot rupee closed at 153.63/70 per dollar, compared with Friday’s close of 153.75/80.
“The demand for dollars was there today, but rupee ended firmer due to the inward remittance for salaries,” said a currency dealer who declined to be named. The rupee has lost 2.7 percent so far this year and dealers say it is expected to face pressure with imports of more low-end vehicles, on which the government has already reduced taxes.
The government imposed new taxes on high-end vehicles, telecoms, banks and liquor in a bid to boost revenues in its 2018 budget presented earlier this month.
Foreign investors net bought equities worth Rs.18.4 billion this year as of yesterday’s close. They net bought government securities worth Rs.46.7 billion as of November 22, official data showed.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
Though the Government imposed VAT (Value Added Tax) on vegetables and other e
Saving energy has become more of a responsibility than a habit in today’s c
In the coming days, Muslims across the world will welcome the Holy Month of R
As of February 2024, Sri Lanka lost another 38 elephants as a result of the H
3 hours ago - 0 - 2593
28 Mar 2024