Category: Latest News
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Sri Lankan Rupee Declines as Bond Yields Surge Amid Rising Energy Prices
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FINANCIAL CHRONICLE – On Monday, Sri Lanka’s rupee weakened in the spot market, closing at 311.60/90 against the US dollar, compared to Friday’s rate of 311.00/20, according to dealers. This decline in the rupee coincided with an increase in bond yields, attributed to rising global energy prices. The yield on a bond maturing on September
