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KM Financial Solutions | Sri Lanka rupee extends losses as fund outflow worries weigh
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Sri Lanka rupee extends losses as fund outflow worries weigh

04 Sep Sri Lanka rupee extends losses as fund outflow worries weigh

Posted at 11:45h in News by
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Sri Lanka’s rupee fell further
on Thursday to close at its lowest level in more than seven
months, due to continued foreign fund outflows from government
securities after a surprise rate cut last month.
** Foreign investors sold government securities worth of 25.2
billion rupees in the two weeks ended on Aug. 28, data showed,
extending the year-to-date net foreign outflow to 53.2 billion
rupees, central bank data showed.

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