Sri Lanka Dollar Rate Prediction : Bloomberg report

June 1, 2023 at 2:36 PM

After topping global currency rankings this year, analysts are predicting tough times ahead for the Sri Lankan rupee as the government eases import restrictions and debt repayments loom, Bloomberg reported.

The rupee, which climbed 1.4% to 289.91 per dollar on Wednesday, is forecast to decline to 350 by the end of December, according to Standard Chartered Plc and BMI.