Daily archives: March 17th, 2017

Sri Lanka Rupee vs US Dollar

Sri Lankan rupee weaker on dollar demand from foreign bank

The Sri Lankan rupee edged down on Friday on dollar demand from a foreign bank, but a state bank sold dollars, capping losses in the local currency, dealers said.

Drought with no rain

Drought will block Sri Lanka from 2017 growth pace officials see: economists

Sri Lanka’s 2017 growth rate is likely to be significantly lower than the government and central bank forecast, mainly due to a severe drought and tight monetary and fiscal policies, private economists said.

Oil tanker

Oil tanker hijacking: Somali pirates release ship and crew after gunfight

Somali pirates who hijacked an oil tanker on Monday have released the ship and its eight Sri Lankan crew, officials say.