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KM Financial Solutions | CORRECTED-Sri Lanka rupee falls after central bank’s surprise rate cut (Aug 23)
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CORRECTED-Sri Lanka rupee falls after central bank’s surprise rate cut (Aug 23)

25 Aug CORRECTED-Sri Lanka rupee falls after central bank’s surprise rate cut (Aug 23)

Posted at 05:10h in News by
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The Sri Lankan rupee fell for
the fifth straight session on Friday, after the central bank cut
key monetary policy rates amid foreign outflows from government
securities, and tracking other emerging currencies. Stocks
closed slightly weaker.
** The central bank unexpectedly cut interest rates for the
second time in four months to boost sluggish growth after
tourism and investments plummeted following deadly Easter Day
bomb attacks by Islamist militants.
** The rupee e

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