Category: Markets
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Sri Lanka rupee opens stronger, bond yields steady
Sri Lanka’s rupee commenced trading at 309.25/70 against the US dollar in the spot market on Thursday, marking an improvement from the previous day’s rate of 309.50/60. This strengthening, observed by dealers, occurred amidst significant moral suasion. Initially, the rupee traded at a weaker position of approximately 310.30 against the US dollar before gaining strength.