Rupee stabilises, Bourse sees growth

(LANKAPUVATH | COLOMBO) – The Sri Lankan rupee and the Colombo Stock Exchange recorded positive growth yesterday (17) due to the economic decisions taken under a new Prime Minister, a new government and a new Governor of the Central Bank and the belief that this will lead to political stability in the country.

The Rupee has appreciated sharply against the US dollar on May 12. The Central Bank of Sri Lanka quoted the selling price of the dollar at 377.50 rupees and the buying price at 364.23 rupees.

The selling price of the dollar was 364.73 rupees yesterday (17) and the buying price was Rs.354.70.

With the rupee stabilizing, the Colombo Stock Exchange’s overall price index and turnover recorded a positive growth. The turnover of the Colombo Stock Exchange yesterday was Rs.2.75 billion.

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