'Country's macroeconomic conditions cannot be judged on rupee rate'
State Minister of Money, Capital Market and State Enterprise Reforms, Ajith Nivard Cabraal stated that although the Sri Lankan rupee has depreciated against the US dollar, it does not measure the macroeconomic conditions in Sri Lanka.
The Minister said that according to the current economic situation in the country, the exchange rate of a dollar should be around Rs 185.
However, with the value allowed to float, the selling price of a dollar was close to 200 rupees, up from Rs. 198.24 yesterday (28)
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